(152 Total References)
: costa : Cruise Law News
Pier Luigi Foschi was CEO at Costa Cruises at the time of the disaster.
Many people believe that Foschi and other senior Costa officials knew that their captains were altering the cruise routes and performing dangerous "flybys" but diverted attention from themselves by foisting all of the attention and blame on Captain Schettino.
Carnival announced yesterday Foschi is retiring from the Carnival organization after 16 years.
had retired from Costa
in the summer of 2012, six months after the Concordia capsized.
then named him as the CEO of the Carnival-Asia operations.
The Miami Herald
says that Foschi
is receiving a bonus of 1,250,000 euros ($1.7 million) as part of a separation agreement.
According to the Independent newspaper, Foschi
was paid $3,970,000 in 2012, for the one year period after the Concordia debacle.
also reportedly has shares worth $4,700,000.
Carnival Chairman Micky Arison
yesterday for his
contribution to Carnival's
The cruise blog Noticias de Cruceros published an interesting article today about the former president and CEO of Costa Crociere
, Pier Luigi Foschi
new position, Foschi
will be responsible for setting up the new company's corporate offices in Singapore and to direct and assist the operating units of the company in its business ventures in Asia.
Currently, the Asian operations of Carnival Corporation
include two ships of Costa Cruises
, based in China and Singapore, as well as the Princess Cruises' Sun Princess which will will begin a series of routes from Japan next spring.
Mr. Foschi will continue in his current position as president and CEO of the Costa group, and will remain a member of the board of directors of Carnival Corporation.
As the president of Carnival Asia
extensive experience in the Asian market, having overseen Costa entry in the region in 2006.
MIAMI (January 7, 2014) - Carnival ...
MIAMI (January 7, 2014) - Carnival Corporation & plc (NYSE/LSE: CCL NYSE: CUK) announce that its joint current report on Form 8-K was filed with the U.S. Securities and Exchange Commission on January 7, 2014 that Pier Luigi Foschi, a member of the Boards of Directors of Carnival Corporation and Carnival plc (together, the "Companies"), Chairman of Costa Crociere, S.p.A. and Chairman and Chief Executive Officer of Carnival Asia, a division of Carnival plc, notified the Companies on January 6, 2014 that he will be retiring from the Boards of Directors effective January 6, 2014 and from employment with the Companies which concluded November 30, 2013.
On January 6, 2014, the Companies, along with Costa Crociere, S.p.A.
and Carnival Asia
(collectively, "Carnival") entered into a Mutual Separation and Settlement Agreement (the "Settlement Agreement") with Mr. Foschi
The Settlement Agreement provides for, among other things, non-competition, non-solicitation, and confidentiality covenants as well as a general waiver of claims against Carnival
, its affiliates, officers and directors by Mr. Foschi
will pay Mr. Foschi
€1,000,000 in consideration for his
waiver of claims and €250,000 in consideration for the non-competition and non-solicitations obligations provided for in the Settlement Agreement.
: cruise ship : Cruise Law News
At a cruise forum last week, Pier Luigi Foschi, the chief executive of Carnival Asia, objected to the requirement for cruise ships to use shore-side power.
He said it is unrealistic to require ships to use on-shore power because many cruise ships are not equipped to be plugged in.
That begs the question why at this late date all cruise ships don't have a big cable that can be hooked up to the clean electrical power at the ports around the world.
You may recall Mr. Foschi was the CEO of Costa Crociere when the Concordia crashed last year.
I'm not so sure I would give much weight to anything he
Carnival Corporation | Corporate Governance | Board of Directors
Pier Luigi Foschi
Chairman and Chief Executive Officer
Carnival Asia and Chairman of
FOSCHI PIER LUIGI
3655 NW 87TH AVE
Chairman & CEO-Costa Crociere