Arnold W. Donald is the CEO of Carnival Corporation, having stepped into the role on July 3, 2013. With a Bachelor's degree in Psychology from Washington University and an MBA from the University of Chicago, he brings a unique perspective...

Arnold W. Donald is the CEO of Carnival Corporation, having stepped into the role on July 3, 2013. With a Bachelor's degree in Psychology from Washington University and an MBA from the University of Chicago, he brings a unique perspective to the business world. Backed by a solid career, he was the CEO of the Juvenile Diabetes Research Foundation and played pivotal roles at companies like Monsanto and Merisant. Under his leadership, Carnival has navigated tough waters, including the challenges of the COVID-19 pandemic, and he's focused on sustainability and improving corporate operations. Interestingly, in 2023, Donald's reported compensation dropped to $106,567, primarily from benefits, with no salary or bonuses, indicating a shift towards performance-linked pay and shareholder interests. His insider trading activities have been notable, showing fluctuations in personal holdings ranging from a high of $37.12 million in 2021 to a recent $19.76 million in 2023. This trajectory reflects ongoing strategic decisions during challenging economic times for the cruising industry.

Quick Links

1. Rivals

2. Holdings

3. Insider Trading

4. Compensation History

5. Other Carnival Corporation CEOs

C

Arnold W. Donald

CEO of Carnival Corporation

Education

Bachelor's degree in Psychology from Washington University in St. Louis and an MBA from the University of Chicago

Field of Expertise

Business & Management

Sector of Economy

Consumer Cyclical

Born

December 3, 1955 - 69 years ago

CEO of Carnival Corporation for

11 years 9 months (Jul 2013 - Present)

Previous Experience

President and Chief Executive Officer of The Executive Leadership Council, and previously President and Chief Executive Officer of the Juvenile Diabetes Research Foundation International

Rivals

Competitors/colleagues of Arnold W. Donald

D

Ed Bastian

CEO of Delta Air Lines

2023 Compensation

Stock

$19.03M

Salary

$950.00K

Bonus

$9.60M

Other

$371.18K

Total Holdings

$31.31M

W

Robert A. Iger

CEO of Walt Disney

2020 Compensation

Stock

$0.00

Salary

$3.00M

Bonus

$0.00

Other

$1.78M

Total Holdings

$63.39M

U

J. Scott Kirby

CEO of United Airlines Holdings

2023 Compensation

Stock

$10.71M

Salary

$1.10M

Bonus

$0.00

Other

$155.74K

Total Holdings

$53.84M

N

Harry Sommer

CEO of Norwegian Cruise Line Holdings Ltd.

2023 Compensation

Stock

$0.00

Salary

$1.00M

Bonus

$1.00M

Other

$66.24K

Total Holdings

$10.52M

T

Michael D. Brown

CEO of Travel + Leisure

2023 Compensation

Stock

$1.80M

Salary

$1.10M

Bonus

$1.58M

Other

$266.39K

Total Holdings

$24.69M

R

Jason T. Liberty

CEO of Royal Caribbean Group

2023 Compensation

Stock

$35.94M

Salary

$1.25M

Bonus

$4.28M

Other

$189.25K

Total Holdings

$40.92M

Holdings

See how much did Arnold W. Donald make over time.

Arnold W. Donald's insider trading history highlights significant fluctuations in his personal holdings over the years. Notably, in 2021, his holdings peaked at an impressive $37.12 million, showcasing investor confidence in his leadership during a challenging period for Carnival Corporation....

Arnold W. Donald's insider trading history highlights significant fluctuations in his personal holdings over the years. Notably, in 2021, his holdings peaked at an impressive $37.12 million, showcasing investor confidence in his leadership during a challenging period for Carnival Corporation. However, 2023 saw a decline to approximately $19.76 million, illustrating the volatile nature of the markets and perhaps reflecting the undercurrents in the cruising industry post-pandemic. His trading history indicates proactive management of his stake, with values recorded ranging from $32.13 million in September 2019 down to about $14.09 million in March 2023. This management of his portfolio aligns with Donald's focus on aligning his interests with those of the shareholders and showcases his commitment to keeping his wealth closely tied to the company’s performance.

Mar 18, 2025

B

shares

BAC @ $41.65

C

shares

CCK @ $90.42

C

shares

CCL @ $20.12

C

shares

CRM @ $278.73

Total Stock Sold

$27.85M

CCL

$26.43M

596,319 CCL shares

CCK

$1.42M

33,700 CCK shares

What if they kept their stock?

If Arnold W. Donald didn't sell their stock, today they would have:
Extra CCL596,319 shares worth $7.41M and CCK33,700 shares worth $2.10M.
This is -65.88% and $18.35M less than what they got when they sold the stock.

Charitable Transactions

CCK

19,323 shares

CCK

Recent Charitable Transactions

CCK

2,615 shares

CCK

Dec 16, 2016

Charity

CCK

4,708 shares

CCK

Dec 16, 2015

Charity

CCK

12,000 shares

CCK

Dec 22, 2014

Charity

Insider Trading

See recent insider trades of Arnold W. Donald.

BAC

7,045 shares

BAC

Apr 24, 2024

Received

BAC

9,361 shares

BAC

Apr 25, 2023

Received

BAC

6,858 shares

BAC

Apr 26, 2022

Received

CCL

8,869 shares

CCL

Feb 15, 2022

Received

CCL

$1.83M

CCL at $19.08/share

Jan 28, 2022

Sale

BAC

6,565 shares

BAC

Apr 20, 2021

Received

CCL

16,571 shares

CCL

Feb 12, 2021

Received

CCL

$898.31K

CCL at $20.24/share

Feb 12, 2021

Sale

CCL

356,959 shares

CCL

Jan 19, 2021

Received

CCL

$1.32M

CCL at $21.12/share

Jan 14, 2021

Sale

Compensation History

See how much did Arnold W. Donald make over time.

In 2023, Arnold W. Donald's total reported compensation dropped to $106,567, consisting entirely of benefits. This indicates a significant shift in his compensation structure, as he did not receive a salary, bonuses, or stock awards. In contrast, his 2022 compensation was reported at $1,014,439, which included a salary of $1,500,000 and a bonus of $3,300,000 based on performance metrics like adjusted EBITDA and passenger occupancy rates. Over the years, Donald's compensation has highlighted Carnival Corporation's evolving strategies towards performance-based pay. His early years as CEO saw much higher overall compensation, with 2018 peaking at $12.5 million. The recent compensation model emphasizes aligning pay with company performance and shareholder interests, showcasing an analytical approach to executive compensation.

Year

2023

Total Compensation

$106.57K

Salary

$0.00

Board Justification

The compensation philosophy emphasizes pay for performance and aims to align executive compensation with the long-term success of Carnival Corporation & plc, while considering market competitiveness and shareholder interests.

Bonus

$0.00

Board Justification

Mr. Donald does not participate in our performance-based annual bonus program.

Other

$106.57K

Board Justification

Includes various benefits provided to Mr. Donald, including private medical health insurance costs, driver and security, automobile lease or allowance, and payments to cover premiums on certain benefits and associated tax gross up.

Restricted Stock

$0.00(0 N/A)

Board Justification

No long-term incentive compensation was made to Mr. Donald in fiscal 2023.

Performance Metrics

The performance metrics for the annual bonus program are focused on adjusted Operating Income and environmental, safety, security, and sustainability results.

Other Carnival Corporation CEOs

Here are other CEOs of Carnival Corporation

Micky Arison

Ex-CEO of Carnival Corporation

July 1990 - July 2013