The next time a developer or a legislator tries to claim more inclusionary zoning will drive up housing costs, or that developers are overtaxed, hand 'em a copy of this article from today's LA Times Click on the link for the full article.... the chart at the end is mind boggling.
http://www.latimes.com/business/la-fi-karatz17dec17,1,148471,full.story
How KB Home CEO's Pay Went Through the Roof
KB Home may be the fifth-largest U.S. home builder, but it was No. 1 when it came to pay for its chief executive.Over the last three years, former CEO Bruce Karatz made $232.6 million in compensation. That's nearly three times what the chief executives earned at Pulte Homes Inc. and Centex Corp., which are bigger and more profitable.Among the nation's 12 largest builders, Karatz's closest competition came from Robert Toll, the CEO of Toll Bros. Inc. He pulled in $138.7 million over three years — a sum that Karatz outdid by nearly 70%.
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