Arison and Foschi donate part of compensation to charities

By Tom Stieghorst
Carnival Corp. Chairman Micky Arison and director Pier Luigi Foschi have donated part of their 2012 compensation to charity, according to materials filed in advance of Carnival's annual meeting.

At Arison's request, Carnival donated his non-equity incentive compensation of $1,524,907 to five charities, including the Robin Hood Relief Fund, Habitat for Humanity International, Save the Children and the Mayor's Fund to Advance New York City, in support of Hurricane Sandy relief efforts.

Foschi, who is also chairman of Costa Cruises, donated his non-equity compensation of $969,600 to the Costa Foundation.

Arison's total compensation in 2012 was $6,497,785, including salary of $906,400. Foschi's total compensation was $3,974,755 including salary of $1,248,000.

The proxy materials filed for the April 17 annual shareholders meeting in London also disclose that three current directors have not been re-nominated, including former Carnival President Bob Dickinson, former P&O Princess Cruises CEO Peter Ratcliffe and former Florida International University President Mitch Madique.

Follow Tom Stieghorst on Twitter @tstravelweekly.
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