Micky Arison

Definition of 'Micky Arison'


The CEO and chairman of cruise operator Carnival Corp. Arison also bought the the NBA team the Miami Heat, in 2010. Micky Arison was born in Israel in 1949 and dropped out of college in Miami to start working in the sales department at Carnival, which was founded by his father, Ted Arison, in 1972. Arison became president in 1979, helped the company go public in 1987, and became chairman and CEO in 1990. He has lead Carnival through the acquisitions of several other cruise lines, including Holland America, Seabourn, Cunard, Costa Cruises and Princess, which expanded the company into the luxury cruise market and gave it approximately a 50% market share. He has also helped Carnival's cruises to frequently operate at full occupancy, increasing the company's profitability.

Investopedia explains 'Micky Arison'


In 1995, Mickey Arison became managing general partner of the Heat and hired Pat Riley as coach. He helped make the team more competitive, with numerous playoff appearances, and helped turn it into a championship team that won the title in 2006. Arison served a three year term as chairman of the NBA Board of Governors and has been named to Forbes' list of the world's richest people.



comments powered by Disqus
Hot Definitions
  1. Federal Reserve Note

    The most accurate term used to describe the paper currency (dollar bills) circulated in the United States. These Federal Reserve Notes are printed by the U.S. Treasury at the instruction of the Federal Reserve member banks, who also act as the clearinghouse for local banks that need to increase or reduce their supply of cash on hand.
  2. Benchmark Bond

    A bond that provides a standard against which the performance of other bonds can be measured. Government bonds are almost always used as benchmark bonds. Also referred to as "benchmark issue" or "bellwether issue".
  3. Market Capitalization

    The total dollar market value of all of a company's outstanding shares. Market capitalization is calculated by multiplying a company's shares outstanding by the current market price of one share. The investment community uses this figure to determine a company's size, as opposed to sales or total asset figures.
  4. Oil Reserves

    An estimate of the amount of crude oil located in a particular economic region. Oil reserves must have the potential of being extracted under current technological constraints. For example, if oil pools are located at unattainable depths, they would not be considered part of the nation's reserves.
  5. Joint Venture - JV

    A business arrangement in which two or more parties agree to pool their resources for the purpose of accomplishing a specific task. This task can be a new project or any other business activity. In a joint venture (JV), each of the participants is responsible for profits, losses and costs associated with it.
  6. Aggregate Risk

    The exposure of a bank, financial institution, or any type of major investor to foreign exchange contracts - both spot and forward - from a single counterparty or client. Aggregate risk in forex may also be defined as the total exposure of an entity to changes or fluctuations in currency rates.
Trading Center