Carnival not cruising on corporate governance issues
Carnival Corp. and CEO Micky Arison are feeling the heat on corporate governance issues in the wake Costa Concordia disaster and other missteps. However, the corporate governance problem isn’t exclusively Carnival’s — just look at the makeup of the Expedia and Orbitz boards.
Excerpt from Seeking Alpha
The Costa Concordia reportedly failed to address many safety problems before its famous crash near the Italian island of Giglio. The recent news is another reminder that Carnival Corp. (CCL), which operated the scandal-tainted cruiser, has put its customers and investors at risk by continuing to have poor governance.