Arison Steps Down...

[Big_G]

The point is that Arison holds majority interest in Carnival.

 

The board didn't oust Arison, if they did he still wouldn't be Chairman which is the position above CEO. So ultimately Arison is Donalds boss.

 

I'm not disputing that as much as he could reinstate himself as CEO on a whim. Despite his majority share of 22 percent, a stockholder revolt could prevent that.

[rkacruiser]

If you get into the 2013 Proxy Statement and add up the percentages shown for shares Mr. Arison owns plus shares held in a various trusts in which he controls how those shares are voted, I come up with a 48.4% figure.

 

There are others mentioned who hold significant amounts, but I do not know their affiliation, if any, with the Arisons.

 

I did think he controlled more than 50% of the stock. Maybe at one time, he did.