Arison gives up CEO post at Carnival

By Laurie Bennett

June 25, 2013 at 11:05am

Billionaire Micky Arison is walking the plank after a series of disasters at Carnival Corp.

Forbes reports that Arison is stepping down next month as CEO of the cruise company, but staying on as chairman.

Arnold W. Donald, a board member since 2001, will replace him as chief executive. Arison, son of company founder Ted Arison, has held the job since 1979.

The company has suffered colossal problems in the last year and a half, beginning with the grounding of the Costa Concordia cruise ship off the Italian coast in January 2012. More than 30 people died.

In February of this year, Carnival suffered seemingly endless embarrassment after a fire aboard the Triumph cruise ship left passengers adrift in the Gulf of Mexico for days, without toilets or adequate food.

Some passengers kissed the ground when they finally made it to dry land.

While handing over the reins to the family business can’t be easy, Arison hasn’t had a bad week, all in all. He’s also majority owner of the Miami Heat, which on Thursday won its second straight NBA title.

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