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Brian35

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About Brian35

  • Rank
    Cool Cruiser

About Me

  • Location
    NC
  • Favorite Cruise Line(s)
    NCL

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  1. I was reading the 2019 NCL Proxy materials on Friday and couldn't help but wonder when someone would post Del Rio's salary and the nickle and diming rants would begin. While the number is accurate for 2018 total reported earnings what isn't mentioned is that the number includes part of the previous year's PSU (Performance Stock Unit) award due to an accounting feature. Actual 2018 earnings were just under 15 million. One can argue if that is deserved, however, at least be clear on the math with regards to how much he really earned for the year versus payout for a prior year's performance. This is just under the total compensation of the Fortune 50 CEO of my day job so it does seem high to me, however, the returns on my NCLH investment have been nothing to complain about. While I'm not a fan of the increasing prices the board has tied a majority of his yearly compensation to meeting EPS targets so what would one expect as an outcome? Obviously prices be it base fares or the various ancillary fees need to rise to meet those targets as well as internal cost cutting measures. With those targets in place that will continue and he has been clear that is the plan. Personally I'd rather see the EPS bonus target max out at 100% unless an NPS (Net Promoter Score - how likely will customers recommend the product or a similar metric) increase is also met, however, apparently the compensation committee has a different approach. For those that are stockholders proposal 2 is a non-binding compensation approval. Vote nay if you have concerns - last year's non-binding vote resulting in some favorable changes to the compensation structure. Ultimately shareholder compensation input as well as supply and demand drive all of the decisions that are vilified on the boards. I'd love to know where everyone goes when they proverbially jump ship as reading the MSC and RCL boards they seem to have their own share of unhappy customers.
  2. The US Platinum card (as well as black) covers all medical evacuation charges with no monetary limit as long as they arrange transport and as long as you have not been away for over 90 days and are at least 100 miles from home. There are no requirements that you have used the card to pay for any portion of the trip just that you must have an account in good standing. If you arrange evacuation on your own then the coverage does not apply. I believe you are correct with regards to the other medical coverage.
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