Carnival CEO Arnold Donald stepping down Aug. 1

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Carnival CEO Arnold Donald stepping down Aug. 1
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Carnival Corporation, a juggernaut of luxury cruises around the world, is replacing its Chief Executive Officer not long after complaints about his sizable pay.

"I am truly humbled to take up the role of CEO and am honored to lead such a talented team of over 100,000 ship and shoreside team members who do such an incredible job in delivering unforgettable, happy vacations to our guests, day in and day out," Weinstein said."I have benefited tremendously from Arnold's guidance and mentoring, and I would like to thank him, Micky Arison our Chairman and the entire Boards of Directors for their support," Weinstein continued.

Donald's tenure as CEO was a lucrative venture – he made over $15 million between November 2020 and November 2021. The payment was made up of his comparatively meager $1.

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