CEO Pandemic Pay: 'Heads I Win, Tails I Win Almost as Much'
CEO Pandemic Pay: ‘Heads I Win, Tails I Win Almost as Much’ Bloomberg 4 hrs ago Anders Melin (Bloomberg) -- Norwegian Cruise Line called 2020 its “most challenging year.” The company lost $4 billion, a half decade’s worth of profit. Shares dropped 56%. Thousands of crew members lost their livelihoods. But Frank Del Rio, its chief executive officer, did just great. He collected his biggest-ever pay package: $36.4 million. How? Corporate boards cut Del Rio and scores of other CEOs extraordinary slack for miserable results in the pandemic, securities filings show. Oth...
Source: msn.com