Cruise chief's €1.3m payoff set to anger Costa Concordia disaster victims


The boss of the business that operated the Costa Concordia, the cruise liner that sank off Italy in 2012 killing 32 people, was given a payoff of €1.3m even though he was retiring anyway.

News of the payoff for the Costa Crociere chairman Pier Luigi Foschi is bound to anger victims and relatives of those killed in the disaster, many of whom are still fighting for compensation.

It was Mr Foschi who was the public face of the company after the January 2012 tragedy, instantly blaming the captain of the ship, Francesco Schettino, for steering off the correct course. Mr Schettino's trial is still ongoing and he claims the ship's charts were inaccurate.

A little-noticed filing from the parent company, Carnival, said Mr Foschi was being paid €1m (£830,000) for his "waiver of claims" over the company and €250,000 as compensation for signing an agreement not to join a competitor for a certain period of time.

Mr Foschi, who also acted as chairman and chief executive of Carnival Asia, was paid $3.97m (£2.42m) in 2012, the last year for which accounts have been filed. He has shares in the company worth $4.7m, according to Bloomberg data.

The company said his payoff was merely part of the settlement negotiated with 66-year-old Mr Foschi as part of his retirement package.

Mitchell Proner, a lawyer acting for more than 100 friends and relatives of Concordia victims seeking compensation, said: "There's a phrase in Italian, 'The fish rots from the head down.' It is apropos that he is getting out of there with all that money. But we will not go away. We have clients all over the world dealing with horrible post-traumatic stress and physical injuries, people who lost relatives. But both Carnival and Costa have continually frustrated our efforts to come to any reasonable settlement."

The company has reportedly offered compensation of €11,000 to victims to pay for all damages including the value of the cruise. Last year it was reported that around a third had accepted the offer. It has paid more in certain cases. But many victims have said that is inadequate.

Despite the likely anger of those seeking compensation, Mr Foschi was highly praised yesterday within the company's upper echelons. Carnival's billionaire chairman, Micky Arison, who was criticised by some investors for leaving all the public statements on the Concordia sinking to Mr Foschi, said in an internal memo: "Pier contributed greatly to the success of our company over the years. He's a lifetime friend to all of us at Carnival, and his efforts helped transform our company."

Mr Foschi's long-term colleague and chief operating officer Howard Frank said he "led us to new heights around the world, while also helping us work through some of our most challenging times".

Start your day with The Independent, sign up for daily news emails
Ed Miliband and David Cameron are neck and neck in the polls
election 2015Armando Iannucci: on how British politics is broken
Arts and Entertainment
Billie Piper as Brona in Penny Dreadful
tvReview: It’s business as usual in Victorian London. Let’s hope that changes as we get further into the new series spoiler alert
Life and Style
A nurse tends to a recovering patient on a general ward at The Queen Elizabeth Hospital in Birmingham
Arts and Entertainment
No Offence
tvReview: No Offence has characters who are larger than life and yet somehow completely true to life at the same time spoiler alert
Chuck Norris pictured in 1996
ebooksA celebration of British elections
Arts and Entertainment
Sarah Lucas, I SCREAM DADDIO, Installation View, British Pavilion 2015
artWhy Sarah Lucas is the perfect choice to represent British art at the Venice Biennale
A voter placing a ballot paper in the box at a polling station
Arts and Entertainment
The Queen (Kristin Scott Thomas) in The Audience
theatreReview: Stephen Daldry's direction is crisp in perfectly-timed revival
  • Get to the point
Latest stories from i100
Have you tried new the Independent Digital Edition apps?
Independent Dating

By clicking 'Search' you
are agreeing to our
Terms of Use.

iJobs Job Widget
iJobs Money & Business

SThree: Trainee Recruitment Consultant - Swiss Banking and Finance

£20000 - £25000 per annum + Uncapped commission: SThree: Can you speak German,...

Ashdown Group: Marketing Executive - 6 month FTC - Central London

£25000 - £30000 per annum + benefits: Ashdown Group: An exciting opportunity f...

Ashdown Group: Junior Project Manager (website, web application) - Agile

£215 per day: Ashdown Group: Junior Project Manager (website, web application ...

Guru Careers: Software Engineer / Software Developer

£40-50K: Guru Careers: We are seeking an experienced Software Engineer / Softw...

Day In a Page

General Election 2015: Ed Miliband's unlikely journey from hapless geek to heart-throb

Miliband's unlikely journey from hapless geek to heart-throb

He was meant to be Labour's biggest handicap - but has become almost an asset
General Election 2015: A guide to the smaller parties, from the the National Health Action Party to the Church of the Militant Elvis Party

On the margins

From Militant Elvis to Women's Equality: a guide to the underdogs standing in the election
Amr Darrag: Ex-Muslim Brotherhood minister in exile still believes Egypt's military regime can be replaced with 'moderate' Islamic rule

'This is the battle of young Egypt for the future of our country'

Ex-Muslim Brotherhood minister Amr Darrag still believes the opposition can rid Egypt of its military regime and replace it with 'moderate' Islamic rule, he tells Robert Fisk
Why patients must rely less on doctors: Improving our own health is the 'blockbuster drug of the century'

Why patients must rely less on doctors

Improving our own health is the 'blockbuster drug of the century'
Sarah Lucas is the perfect artist to represent Britain at the Venice Biennale

Flesh in Venice

Sarah Lucas has filled the British pavilion at the Venice Biennale with slinky cats and casts of her female friends' private parts. It makes you proud to be a woman, says Karen Wright
11 best anti-ageing day creams

11 best anti-ageing day creams

Slow down the ageing process with one of these high-performance, hardworking anti-agers
Juventus 2 Real Madrid 1: Five things we learnt, including Iker Casillas is past it and Carlos Tevez remains effective

Juventus vs Real Madrid

Five things we learnt from the Italian's Champions League first leg win over the Spanish giants
Ashes 2015: Test series looks a lost cause for England... whoever takes over as ECB director of cricket

Ashes series looks a lost cause for England...

Whoever takes over as ECB director of cricket, says Stephen Brenkley
Fishing for votes with Nigel Farage: The Ukip leader shows how he can work an audience as he casts his line to the disaffected of Grimsby

Fishing is on Nigel Farage's mind

Ukip leader casts a line to the disaffected
Who is bombing whom in the Middle East? It's amazing they don't all hit each other

Who is bombing whom in the Middle East?

Robert Fisk untangles the countries and factions
China's influence on fashion: At the top of the game both creatively and commercially

China's influence on fashion

At the top of the game both creatively and commercially
Lord O’Donnell: Former cabinet secretary on the election and life away from the levers of power

The man known as GOD has a reputation for getting the job done

Lord O'Donnell's three principles of rule
Rainbow shades: It's all bright on the night

Rainbow shades

It's all bright on the night
'It was first time I had ever tasted chocolate. I kept a piece, and when Amsterdam was liberated, I gave it to the first Allied soldier I saw'

Bread from heaven

Dutch survivors thank RAF for World War II drop that saved millions
Britain will be 'run for the wealthy and powerful' if Tories retain power - Labour

How 'the Axe' helped Labour

UK will be 'run for the wealthy and powerful' if Tories retain power