Homebuilder ceos huge salaries as stocks tumble!!!

Discussion in 'Wall St. News' started by S2007S, Feb 5, 2009.

  1. S2007S

    S2007S

    In 2008, Hovnanian received a salary of $1.09 million, unchanged from 2007, and other compensation of $9.16 million for a total of $10.25 million, according to the filing.

    Centex Corp., the largest U.S. homebuilder by revenue, lost 58 percent of its market value in 2008. The Dallas-based company paid CEO Timothy Eller $920,000 in salary and $12.29 million in other compensation last year, according to Bloomberg data.

    Competitors’ Pay

    Donald Tomnitz, CEO of D.R. Horton Inc. got $300,000 in salary and $4.07 million in other compensation in 2008, according to Bloomberg data. The Fort Worth, Texas-based company lost 46 percent of its value.

    In 2007, Jeffrey Mezger of KB Home was the highest paid homebuilder CEO, according to Bloomberg data. Mezger received a $1 million salary, a $6 million bonus and more than $9 million in other compensation as the Los Angeles-based company lost 58 percent of its market value.

    Miami-based Lennar Corp., the fourth-largest U.S. homebuilder by revenue, paid CEO Stuart Miller a salary of $1 million and more than $10 million in other compensation for 2007, according to Bloomberg data. Lennar lost 66 percent of its market value that year.

    Toll Brothers Inc. CEO Robert Toll received $1.3 million in salary in 2007 plus $7.1 million in other compensation, according to Bloomberg data. The Horsham, Pennsylvania-based homebuilder, the largest by market capitalization in the U.S., lost 38 percent of its value in 2007.

    Richard Dugas, CEO of Bloomfield Hills, Michigan-based Pulte Homes Inc., received $1 million in salary and $8.79 million in other compensation for 2007, according to Bloomberg data, while the shares slid 68 percent.
     
  2. Bob111

    Bob111

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