Future Ready Leadership With Jacob Morgan

The Counterintuitive Hiring Secret That Built Royal Caribbean's $16B 'Culture of Wow'

Oct 20, 2025
Richard Fain, former CEO and current Chairman of Royal Caribbean Group, shares insights from his book, Delivering the WoW. He reveals how he built a culture of purpose, emphasizing values over skills in hiring. Fain discusses innovative leadership development through cross-functional rotations and the significance of measuring culture with transparency. His unique anecdotes include lessons from a runaway blimp experiment and the importance of candid communication to maintain cultural alignment. Discover how these strategies contributed to Royal Caribbean's thriving success.
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ADVICE

Build Leaders Through Rotation

  • Promote internally and rotate leaders across functions to build broader experience.
  • Use lateral moves and cross-functional projects to create leaders who understand the whole business.
INSIGHT

Promotion Rates Shape Culture

  • Promoting from within raises retention and aligns culture across roles.
  • Royal Caribbean fills ~80% of ship roles internally and ~40% onshore, boosting engagement.
ADVICE

Balance Leadership And Life Intentionally

  • Leaders must intentionally organize time to balance work intensity and family life.
  • High performers can pace themselves and still be effective by planning routines like early workouts.
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