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. Walras' Law

    An economics law that suggests that the existence of excess supply in one market must be matched by excess demand in another market so that it balances out. So when examining a specific market, if all other markets are in equilibrium, Walras' Law asserts that the examined market is also in equilibrium.
  2. Market Segmentation

    A marketing term referring to the aggregating of prospective buyers into groups (segments) that have common needs and will respond similarly to a marketing action. Market segmentation enables companies to target different categories of consumers who perceive the full value of certain products and services differently from one another.
  3. Effective Annual Interest Rate

    An investment's annual rate of interest when compounding occurs more often than once a year. Calculated as the following:
  4. Debit Spread

    Two options with different market prices that an investor trades on the same underlying security. The higher priced option is purchased and the lower premium option is sold - both at the same time. The higher the debit spread, the greater the initial cash outflow the investor will incur on the transaction.
  5. Odious Debt

    Money borrowed by one country from another country and then misappropriated by national rulers. A nation's debt becomes odious debt when government leaders use borrowed funds in ways that don't benefit or even oppress citizens. Some legal scholars argue that successor governments should not be held accountable for odious debt incurred by earlier regimes, but there is no consensus on how odious debt should actually be treated.
  6. Takeover

    A corporate action where an acquiring company makes a bid for an acquiree. If the target company is publicly traded, the acquiring company will make an offer for the outstanding shares.
Trading Center