Tag Archives: Micky Arison

CEO Gaffe of the Week: Carnival

By Sean Williams, The Motley Fool

Last year, I introduced a weekly series called “CEO Gaffe of the Week.” Having come across more than a handful of questionable executive decisions when compiling my list of the worst CEOs of 2011, I thought it could be a learning experience for all of us if I pointed out apparent gaffes as they occur. Trusting your investments begins with trusting the leadership at the top — and with leaders like these on your side, sometimes you don’t need enemies!

This week, I have no choice but to again select the CEO of Carnival , Micky Arison.

The dunce cap
I’m not quite certain how many more times I’m going to have to do this, but Carnival’s CEO, Micky Arison, is, without question, leading the charge for worst CEO of the year in my book.

Carnival, the highly embattled cruise ship line, has a remarkable streak when it comes to mechanical problems with its ships. In January last year, the Costa Concordia crashed off the coast of Italy, tragically killing 32 people. Just weeks later, the Costa Allegra had a fire in its generator room that left the ship adrift at sea. The Allegra was later taken out of service and scrapped for parts.

Fast-forward to mid-February 2013, when passengers on the Carnival Triumph dealt with a fire in the engine room that left the ship adrift at sea near Mexico. With toilets overflowing and food scarce, it took five days for the boat to finally make it back to Alabama. On March 9 the Carnival Elation announced that it had a steering issue and was towed back into port by tugboat. On March 13, the Carnival Dream noted it was stuck in port at St. Maarten because of generator problems while passengers reported toilet and power issues. Finally, just a day later, the Carnival Legend reported that it was having sailing speed problems. 

Tallying this up, that’s six mechanical problems for Carnival since January 2012 compared to zero for Disney , NCL (owner of Norwegian Cruise Lines), and Royal Caribbean . In fact, what you might anticipate would be a negative for the cruise sector as a whole has actually turned into a positive, with passengers eager for a vacation simply choosing to avoid Carnival’s fleet of disaster-prone ships in favor of the above three. Disney has benefited from advanced bookings which have shielded it from any negative sector headwinds. Royal Caribbean, which hits many of the same routes as Carnival, is bound to gain share from Carnival as it deals with this PR nightmare, as well as gain traction in emerging-market routes catering to China. Norwegian Cruise Lines followed this trend as well, tacking on $46.2 million in additional net income in 2012 compared to 2011 as its brand presence grew. 

To the corner, Mr. Arison
But wait — there’s more!

If it wasn’t bad enough that Carnival has moved well beyond the “coincidence” stage of its mishaps, Micky …read more
Source: FULL ARTICLE at DailyFinance

Remarks by the President in Welcoming the Miami Heat

By The White House

East Room

1:44 P.M. EST

THE PRESIDENT: Thank you. (Applause.) Everybody please have a seat. Well, today I am honored to welcome a little up-and-coming basketball team — (laughter) — to the White House called the world champion Miami Heat. (Applause.)

Now, for many of teams that come here, this is a lot of cameras in one place. It’s a little overwhelming. (Laughter.) But for the Heat, this is what practice looks like. (Laughter.) This is normal. I know this is the first trip for some of these players, but a few of them were here a couple of years ago for a pickup game on my birthday.

Now, I’m not trying to take all the credit, Coach, but I think that it’s clear that going up against me prepared them to take on Kevin Durant and Russell Westbrook. (Laughter.) It sharpened their skills. It gave them the competitive edge that they needed. And I think part of the reason they came back today is they want another shot at the old guy. (Laughter.)

But first, I have to congratulate the Heat on their well-earned title. This team traveled a long road to get to where they are. In 2011, the Heat got all the way to the finals only to come up short. But when you fall, the real test is whether you can ignore the naysayers, pick yourself up and come back stronger. And that’s true in basketball, but it’s also true in life. That’s exactly what these guys did.

Instead of getting down, they got better. Dwayne Wade worked on his core. LeBron learned some post moves from Hakeem. Shane Battier came on board. They became a more complete team. They got to know each other better and trust each other more. And they became more fun to watch.

In Game Four against the Thunder last year, we saw LeBron carried off the floor with cramps, only to come back a few minutes later and hit a dagger of a three-pointer to put the Heat ahead. During Game Six, we saw him pull off one of the greatest performances in basketball playoff history, dropping 45 points — and he had a scary look in his eye. (Laughter.)

We saw Dwayne Wade, the heart and soul of this team, continue to do whatever it takes to win, including leading the team in blocks. And at the post-game press conferences, he dressed well enough to land himself in GQ magazine. (Laughter.) Show them your kicks here, Dwayne. (Laughter.) If any of you can pull this off — (laughter) — other than Dwayne Wade, let me know. We saw Chris Bosh get injured, but get healthy right at the perfect time and do outstanding work throughout the rest of the playoffs.

And it wasn’t just the Big Three. Mike Miller could barely walk. Mike, you look better now. (Laughter.) You looked broke down last year — (laughter) — but still hit seven three-pointers in the final game. I don’t know how he did it because he could not walk. He looked like an old man. Mario Chalmers earned himself a nickname from Dwayne Wade that I’m not allowed to repeat. (Laughter.) But he did a great job.

Shane Battier, as always, played impeccable defense, hit big threes. Juwan Howard — “Grandpa” — became the first member of the Fab Five to win a ring. And Coach continually set the tone and kept these guys motivated the entire way.

So that team mentality — with everybody doing their part — is what finally put the Heat over the top. And it’s especially impressive when you think about everything they’ve had to deal with over the last few years. This team inspired a lot of passions on both sides. And I’m just talking about their dance moves. (Laughter.) We saw that video, LeBron. (Laughter.)

But even though I’m a little disappointed that the Bulls didn’t make it, I do want to congratulate the Heat for a well-earned championship. LeBron said, “It’s about damn time.” And I want to thank them for taking the time this afternoon to spend with wounded warriors at Walter Reed, because you guys are heroes to them but they are heroes to all of us.

And let me just say one last thing about these guys, and I mentioned this as we were coming in. There’s a lot of focus on what happens on the court, but what’s also important is what happens off the court. And I don't know all these guys, but I do know LeBron and Dwayne and Chris. And one of the things I’m proudest of is that they take their roles as fathers seriously. And for all the young men out there who are looking up to them all the time, for them to see somebody who cares about their kids and is there for them day in and day out, that's a good message to send. It’s a positive message to send, and we’re very proud of them for that. (Applause.)

So congratulations, again, to the Miami Heat. And now we are going to take a picture that makes me look very short. (Laughter.) I’m accustomed to it, but first I’m going to ask Coach to say a few words. (Applause.)

COACH SPOELSTRA: Well, on behalf of Micky Arison, Pat Riley, the entire Miami Heat organization, and our families, we want to thank you for your hospitality today to be in the White House and also to be inspired by the great men and women of the Walter Reed Hospital. We are honored and truly, truly humbled to be here.

We actually hope that this team serves as an inspiration to the nation of what a group can do when you come together and sacrifice your egos for a greater goal; to come together with a real hard-hat work ethic, and to be able to persevere through adversity and a whole heck of a lot of criticism — (laughter) — and still be able to accomplish the ultimate dream.

THE PRESIDENT: Fantastic. Thank you so much. (Applause.)
MR. JAMES: Am I supposed to say something?

THE PRESIDENT: You can if you want. It's your world, man. (Laughter.)

MR. JAMES: On behalf of myself and my teammates, we just want to thank you — to piggyback what Spo said — for the hospitality, for allowing us to be, I mean, in the White House. I mean, we're in the White House. (Laughter.) And Coach said — and the Prez said this real casual. So I mean, we're kids from Chicago and Dallas, Texas and Michigan and Ohio and South Dakota — (laughter) — Miami. And we're in the White House right now. This is like, hey, mama, I made it. (Laughter and applause.)

MR. WADE: All I've got to say is we've got a 10-day contract left?

THE PRESIDENT: Yes.

MR. WADE: Pick my man up. (Laughter.)

THE PRESIDENT: You guys could use a shooter. (Laughter.)

MR. WADE: My point guard. (Laughter.)

THE PRESIDENT: Thank you. (Applause.)

END
1:52 P.M. EST

Source: White House Press Office