Royal Caribbean Cruises executives have volunteered to take temporary salary reductions as the company faces unprecedented losses amid the coronavirus pandemic.
As of 1 April, chairman and chief executive officer Richard Fain has agreed to forego payment of his $1.1bn base salary through the third quarter, according to a Securities and Exchange Commission filing.
Chief financial officer Jason Liberty, Royal Caribbean International chief executive Michael Bayley and Celebrity Cruises chief executive Lisa Lutoff-Perlo have voluntarily taken 25% paycuts through 30 September.
