Royal Caribbean Cruises Ltd.'s CEO Salary
- Jason T. Liberty President and Chief Executive Officer at Royal Caribbean Cruises Ltd., received a total compensation of $23.98 M in 2025.
- Michael W. Bayley President and CEO, Royal Caribbean at Royal Caribbean Cruises Ltd., received a total compensation of $9.43 M in 2025.
- Naftali Holtz Chief Financial Officer at Royal Caribbean Cruises Ltd., received a total compensation of $7.11 M in 2025.
- Laura Hodges Bethge President, Celebrity Cruises at Royal Caribbean Cruises Ltd., received a total compensation of $5.95 M in 2025.
- Harri U. Kulovaara EVP, Maritime at Royal Caribbean Cruises Ltd., received a total compensation of $4.91 M in 2025.
Royal Caribbean Cruises Ltd.'s CEO salary and other executives compensation in 2025 was as follows:
Executive Compensation Summary Table
| 2025 | 2024 | 2023 | |
|---|---|---|---|
| Jason T. Liberty President and Chief Executive Officer | $23.98 M | $19.50 M | $17.22 M |
| Base Salary | $1.40 M | $1.34 M | $1.25 M |
| Incentive Plan Compensation | $5.13 M | $4.91 M | $4.28 M |
| All Other Compensation | $1.65 M | $244.28 K | $189.25 K |
| Stock Award | $15.80 M | $13.00 M | $11.50 M |
| Michael W. Bayley President and CEO, Royal Caribbean | $9.43 M | $9.01 M | $10.81 M |
| Base Salary | $1.15 M | $1.12 M | $1.08 M |
| Incentive Plan Compensation | $2.37 M | $2.73 M | $2.59 M |
| All Other Compensation | $407.58 K | $156.37 K | $141.33 K |
| Stock Award | $5.50 M | $5.00 M | $7.00 M |
| Naftali Holtz Chief Financial Officer | $7.11 M | $5.88 M | $4.89 M |
| Base Salary | $946.77 K | $896.92 K | $792.47 K |
| Incentive Plan Compensation | $2.10 M | $1.82 M | $1.53 M |
| All Other Compensation | $66.03 K | $57.08 K | $45.28 K |
| Stock Award | $4.00 M | $3.10 M | $2.52 M |
| Laura Hodges Bethge President, Celebrity Cruises | $5.95 M | $4.34 M | $3.35 M |
| Base Salary | $893.46 K | $798.92 K | $724.10 K |
| Incentive Plan Compensation | $1.72 M | $1.44 M | $1.04 M |
| All Other Compensation | $142.99 K | $102.17 K | $90.97 K |
| Stock Award | $3.20 M | $2.00 M | $1.49 M |
| Harri U. Kulovaara EVP, Maritime | $4.91 M | $4.75 M | $4.66 M |
| Base Salary | $932.85 K | $904.92 K | $878.22 K |
| Incentive Plan Compensation | $1.98 M | $1.96 M | $1.87 M |
| All Other Compensation | $142.92 K | $134.58 K | $126.29 K |
| Stock Award | $1.85 M | $1.75 M | $1.79 M |
| Jason T. Liberty President & Chief Executive Officer and Former Chief Financial Officer | - | - | $17.22 M |
| Base Salary | - | - | $1.25 M |
| Incentive Plan Compensation | - | - | $4.28 M |
| All Other Compensation | - | - | $189.25 K |
| Stock Award | - | - | $11.50 M |
| Michael W. Bayley President and CEO, RCI | - | - | $10.81 M |
| Base Salary | - | - | $1.08 M |
| Incentive Plan Compensation | - | - | $2.59 M |
| All Other Compensation | - | - | $141.33 K |
| Stock Award | - | - | $7.00 M |
| Lisa Lutoff-Perlo Former President and CEO, Celebrity Cruises | - | - | $9.77 M |
| Base Salary | - | - | $540.38 K |
| Incentive Plan Compensation | - | - | $1.15 M |
| All Other Compensation | - | - | $4.23 M |
| Stock Award | - | - | $3.85 M |
