Carnival Corp. president and CEO Arnold Donald received $8.7 million in compensation last year, an increase of 11% from 2013.

The cruise company's 2014 net income rose 14.4% in 2014. Carnival’s stock price rose 12.8% over the year.

Donald earned a salary of $1 million, plus stock compensation worth $3.5 million, non-equity compensation plan remuneration of $3.9 million and $291,000 of other compensation, including private use of the corporate jet. 

The five mostly highly paid executives at CarnivalCorp.  earned a combined $32.7 million, including $6.5 million for Costa Group CEO Michael Thamm, $6.1 million for departed Carnival Cruise Lines president and CEO Gerry Cahill, $6.1 million for chief operations officer Alan Buckelew, and $5.2 million for CFO David Bernstein.

The information is contained in a statement filed with U.S. financial regulators in advance of the annual shareholders meeting, which is set for April 14 in London.

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