Skip to comments.
How KB Home CEO's pay went through the roof
La Times ^
| Dec 17, 2006
| Kathy M. Kristof and Annette Haddad
Posted on 12/16/2006 11:23:46 PM PST by jdm
click here to read article
Navigation: use the links below to view more comments.
first 1-20, 21-33 next last
Not too shabby [regardless] who you are! :O)
1
posted on
12/16/2006 11:23:48 PM PST
by
jdm
To: Petronski; Toddsterpatriot
2
posted on
12/16/2006 11:24:12 PM PST
by
jdm
To: jdm
Good work if you can get it.
To: Fierce Allegiance
LOL!!!!
4
posted on
12/16/2006 11:26:45 PM PST
by
jdm
To: jdm
The first, and most significant, was a clause that promised Karatz a bonus between 1% and 2% of KB's earnings before taxes...Tying compensation to pretax profit without other restrictions all but guarantees massive payouts at a company of KB's size...
Doesn't take an idiot to figure that one out. It just takes an idiot to grant that kind of compensation package.
5
posted on
12/16/2006 11:29:51 PM PST
by
July 4th
(A vacant lot cancelled out my vote for Bush.)
To: jdm
Hey, a top mgt guy is worth every penny if that's what makes the company tick. Especially if you can get a crew to build a house for 37 seconds woth of the CEO's pay.
To: jdm
He never needs to work again for sure.
"Show me just what Mohammed brought that was new, and there you will find things only evil and inhuman, such as his command to spread by the sword the faith he preached." -Manuel II Paleologus
7
posted on
12/16/2006 11:30:53 PM PST
by
goldstategop
(In Memory Of A Dearly Beloved Friend Who Lives On In My Heart Forever)
To: July 4th
Doesn't take an idiot to figure that one out. It just takes an idiot to grant that kind of compensation package.Bruce E. Karatz, age 59. Since October 1993, Mr. Karatz has been Chairman and Chief Executive Officer of KB Home, a home construction and mortgage finance company. From 1985 to September 1993, Mr. Karatz served as President and Chief Executive Officer of KB Home. He is also a director of Edison International, an electric utility company, and Honeywell International, Inc., a technology and manufacturing company. He has been a director of Avery Dennison Corporation since November 2001. His present term expires in 2007.
How many other long-term CEOs can deliver this type of stellar long-term ROI?
8
posted on
12/16/2006 11:36:15 PM PST
by
jdm
To: goldstategop
I take solace in the fact that a lot of that $175M is going to go to lawyers who will fight to let him keep a third.
To: jdm
He deserves his pay. The criticism would be entirely warranted if he mismanaged the company to the point of bankruptcy. Krantz's stellar compensation is a reward for a job well done. Now if only the
Los Angeles Times were as well run as KB Home, could we expect them to complain about their own CEO's bonuses? Fat chance.
"Show me just what Mohammed brought that was new, and there you will find things only evil and inhuman, such as his command to spread by the sword the faith he preached." -Manuel II Paleologus
10
posted on
12/16/2006 11:40:24 PM PST
by
goldstategop
(In Memory Of A Dearly Beloved Friend Who Lives On In My Heart Forever)
To: goldstategop
The protectionist automotive union folks here would blast this CEOs ROI to shareholders in a heartbeat. Yet, no matter the debate, these charts sort of speak for themselves....
11
posted on
12/16/2006 11:49:08 PM PST
by
jdm
To: jdm
How is the LA Times stock doing, BTW? Do you think the management at that paper should tie THEIR salaries to investor performance?
12
posted on
12/16/2006 11:51:21 PM PST
by
Fido969
("The hardest thing in the world to understand is income tax." - Albert Einstein)
To: jdm
Never envy another Man's honest profit.
To: SShultz460
Its none of the LAT's damned business what he does with his money. He lawfully EARNED it.
"Show me just what Mohammed brought that was new, and there you will find things only evil and inhuman, such as his command to spread by the sword the faith he preached." -Manuel II Paleologus
14
posted on
12/16/2006 11:58:11 PM PST
by
goldstategop
(In Memory Of A Dearly Beloved Friend Who Lives On In My Heart Forever)
To: jdm
15
posted on
12/17/2006 12:00:46 AM PST
by
Clemenza
(Never Trust Anyone With a Latin Tagline)
To: Fido969
How is the LA Times stock doing, BTW? Do you think the management at that paper should tie THEIR salaries to investor performance? L.A. Times parent company (Tribune Co.) did okay up until 2000:
However, David Geffen just offered $2B for LAT. I understand his reasoning and I understand the price, which seems terribly inflated to most, and perhaps it is.
16
posted on
12/17/2006 12:00:56 AM PST
by
jdm
To: jdm
Look, the KB Homes CEO didn't deliver that profit, Alan Greenspan did. When the economy is flooded with money, as happened after the dot-com bubble burst, banks have to do something with the cash. They basically gave away home loans to anybody with a buck-six-bits in his pocket. That caused a lot of new homes to be sold, and KB benefited. It was not a brilliant business plan, it was simply a lot of available cash.
17
posted on
12/17/2006 12:05:33 AM PST
by
mike70
To: jdm
Thou shalt not covet thy neighbour's house, thou shalt not covet they neighbour's wife, nor his manservant nor his maidservant, nor his ox, nor his ass, nor anything that is thy neighbour's.
18
posted on
12/17/2006 12:20:37 AM PST
by
Mr Ramsbotham
(Laws against sodomy are honored in the breech.)
To: mike70
Look, the KB Homes CEO didn't deliver that profit, Alan Greenspan did. Since you can't directly invest in Alan Greenspan, KBH would have been the next best thing.
And meanwhile, GM is creeping back to where it was when I was in 2nd grade.
19
posted on
12/17/2006 12:32:14 AM PST
by
jdm
To: jdm
I don't care what they pay their CEO. It is up to the shareholders to decide what is appropriate.
20
posted on
12/17/2006 12:42:10 AM PST
by
DB
Navigation: use the links below to view more comments.
first 1-20, 21-33 next last
Disclaimer:
Opinions posted on Free Republic are those of the individual
posters and do not necessarily represent the opinion of Free Republic or its
management. All materials posted herein are protected by copyright law and the
exemption for fair use of copyrighted works.
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson