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Stock impact report

Elliott Builds Norwegian Cruise Stake, Alleges Overspending on Katy Perry Concert [Yahoo! Finance Canada]

D/B/A Royal Caribbean Cruises Ltd. (RCL) 
Last d/b/a royal caribbean cruises ltd. earnings: 2/4 08:00 am Check Earnings Report
US:NYSE Investor Relations: rclcorporate.com/investors
“This is the first we are hearing from Elliott Investment Management,” a representative for Norwegian said in an emailed statement. “We are committed to delivering durable, long-term value creation, which will be led by our recently appointed CEO, John Chidsey. We look forward to sharing additional information on our earnings call on March 2.” The stake disclosure follows Norwegian's announcement last week that Chief Executive Officer Harry Sommer was stepping down immediately and being replaced by Chidsey, a former Subway Restaurants Inc. CEO, in what the cruise line called a “strategic leadership change.” Elliott said it has identified qualified executives to serve on Norwegian's board, some of whose members face reelection in March. Elliott also pointed to what it described as questionable spending, including flying guests to Reykjavik, Iceland, hosting a concert by pop star Perry and curating fine art experiences at sea, while the stock has lagged peers. The cruise industry Show less Read more
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