"There will, justifiably, be questions about the adequacy of management and emergency operational procedures on board which may have longer-term cost implications, " said Wyn Ellis, an analyst at Numis Securities.

WSJ: Shares in Ship-Operator Carnival Plunge

There is always negotiation between management and the board: how high targets should be, how much it will cost.

FORBES: Budget, or Fudge-It?

We insisted on very substantial change in their cost structure, in their operating footprint and in their management and board of directors.

WHITEHOUSE: Press Briefing