Cruise execs flying high while stock nosedives

[T]he company disclosed that Chairman and CEO Micky Arison rang up $343K on his use of the corporate jet last year and that COO Howard Frank spent $321K. Of course, anyone looking to see how those numbers compare to the previous year have to dig through another set of footnotes in another proxy which show that in fiscal 2005, Arison and Frank spent $215K and $101K respectively. Maybe all of that flying helped to relieve the stress of a depressed stock price for much of the year in question. (

By Richard Brisebois

I help companies develop their leaders. I help managers develop themselves and their teams.
Richard Brisebois is a leadership development professional who has worked with 7,000+ managers, leaders, and business owners in 40+ countries, from Fortune50 executives to SME business owners and tribal leaders. He specializes in designing and facilitating leadership development programs as well in team coaching.