Despite cruise shutdown, CEOs made millions. Crew members met a different fate.
Even as the companies faced record losses in the billions, company boards rewarded CEOs with multimillion-dollar payouts.
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Carnival Cruise Line s Sunrise and Vista ships, along with the MSC Meraviglia, are docked at the Port of Miami on Feb. 18. [ SUSAN STOCKER / SOUTH FLORIDA SUN SENTINEL | South Florida Sun Sentinel ]
By Taylor Dolven and Rob Wile, Miami Herald (TNS)
Published Apr. 28
Updated Apr. 28
MIAMI â Perhaps no industry was as badly battered by the pandemic in 2020 as the cruise industry, with business in the U.S. â its most lucrative market â banned for 9 1/2 of the yearâs 12 months. To cope, the three largest companies stopped paying employees on their ships, cut marketing expenses and worked furiously to raise as much debt and equity financing as possible.
Despite cruise shutdown, CEOs made millions Crew members met a different fate
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Photo by Vjeran Pavic / The Verge
Next week, Epic Games and Apple will appear in court for a long-anticipated legal battle. Epic argues that Apple unfairly kicked its hit game
Fortnite off the App Store last year, exercising an illegal monopoly over the ubiquitous iOS platform. Apple claims Epic is trying to break the iOS platform’s vaunted safety and security for its own gain. Both parties have laid out how they expect to win their respective cases, and this week, they’ve provided near-final lists of the people they expect to call for testimony.
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Here’s who Apple and Epic are calling to testify in next week’s trial Adi Robertson © Photo by Vjeran Pavic / The Verge
Next week, Epic Games and Apple will appear in court for a long-anticipated legal battle. Epic argues that Apple unfairly kicked its hit game
Fortnite off the App Store last year, exercising an illegal monopoly over the ubiquitous iOS platform. Apple claims Epic is trying to break the iOS platform’s vaunted safety and security for its own gain. Both parties have laid out how they expect to win their respective cases, and this week, they’ve provided near-final lists of the people they expect to call for testimony.
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