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Celebrity Cruises Losing a CEO

If a cruise line was losing money — it has happened — and the top executive took another job, the temptation would be to say he or she abandoned a sinking ship.

But when the top executive is Dan Hanrahan and he leaves Celebrity Cruises to run a hair company, the temptation is to say "What's up?" Or "Gone today, hair tomorrow."

Hanrahan announced a few days ago his term as Celebrity's boss will end in two weeks. He's taking his CEO title with him, to the hair care giant known as Regis Corporation (Supercuts, MasterCuts, Sassoon Salon, etc.). It's a good thing he's not (yet) follically challenged.

More money, you say?

His total compensation for 2011 was almost $2.5 million, according to regulatory filings. Granted, in this era of annual athletic contracts of $20 million or more that's chump change, but most of us wonder how much these "celebrities" really need.

Okay, maybe it's geography.

Celebrity is in Florida. Regis is in Minnesota. Maybe he prefers cooler winters.

What speculators are likely to focus on is the climax of Hanrahan's Celebrity journey. He oversaw the fleet of Solstice Class ships, a brand so popular that it's being passed on to lesser siblings that are being "Solsticized." The last Solstice ship, the Reflection, is almost ready for delivery.

Maybe Dan Hanrahan just thought it was time.

Royal Caribbean Vision of the Seas
7 nights
September 7, 2012
Copenhagen (return): Oslo, Stavanger, Alesund, Geiranger, Bergen
Inside: $589
Cost per day: $84
www.royalcaribbean.com
 

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