Royal Caribbean CEO Fain Takes Home $12 Million for 2020

Richard Fain, chairman and CEO

Royal Caribbean Group Chairman and CEO Richard Fain saw total compensation of just over $12 million for fiscal year 2020, according to a company SEC filing.

Fain saw his base salary cut by nearly 50 percent, but made up for it with $11 million in stock awards.

Other company executives also had a good year, with CFO Jason Liberty seeing total compensation of $5.6 million, up from 2019.

Royal Caribbean International President and CEO Michael Bayley earned $7.4 million, also up from 2019.

The SEC filing noted that executives did forgo portions of their base salaries

The company said it wants to establish a mix of compensation components, including fixed and variable pay and short- and long-term incentives, that encourages "focus on both the short- and long-term interests of the company and its shareholders."

Of note, Carnival Corporation CEO Arnold Donald took home $11 million and Norwegian Cruise Line Holdings CEO Frank Del Rio saw compensation of $36.4 million.

Royal Caribbean Group Compensation Table:

Cruise Industry News Email Alerts


Email Newsletter

Get the latest breaking cruise news. Sign up.

Cruise Ship Orderbook

77 Ships | 177,102 Berths | $50 Billion | View

New 2022 Executive Guide

Cruise Industry News Executive Guide


All Operators

All the Contacts

Fleet Listings

New Brands

Full Coverage

Order Today

2022 Drydock Report

2022 Drydock and Refurb Report


Mkt. Overview

All The Trends

100+ Pages

PDF Download

Refit Schedule

Order Today