Carnival Corporation & plc announced that Micky Arison, Chairman of the Board of Carnival Corporation and Carnival plc, has advised Carnival Corporation that trusts organized for his benefit plan to sell up to 10 million shares of Carnival Corporation common stock (“Shares”) in market sales, representing up to approximately 1% of the total combined voting rights of Carnival Corporation & plc. Arison indicated that he is selling for tax planning, estate planning and diversification purposes. All Arison Shares are held either directly or indirectly in various trusts for his benefit.
Of the 10 million Shares, 5,000,000 Shares were sold on February 28, 2014 at a price of US$39.50 per Share.
It would seem to outsiders that he is now trying to distance himself from the empire he helped construct. Keep in mind, hes extremely active as the owner of the NBA team, Miami Heat.