Current Housing Indicators |
| CURRENT | PREVIOUS | ||
| Existing Home Sales | 4.49m | ▼ | 4.74m |
| New Home Sales | 309,000 | ▼ | 344,000 |
| Housing Starts | 583,000 | ▲ | 477,000 |
| Building Permits | 547,000 | ▲ | 531,000 |
| HMI | 9 | UNCH | 9 |
| Existing Home Prices | $170,300 | ▼ (annually) | $199,800 |
| New Home Prices | $201,100 | ▼ (annually) | $232,400 |
More Videos
- Treasury On Mortgage Modifications
- Citi Mortgage Reveals What Treasury Won't
- Investors May Skew Housing Reality
- 100% Mortgage Financing From USDA
- Despite Government Aid, Foreclosure Crisis is Not Improving
- Housing Data Delivers Mixed Messages
- Appraisals Now Center Stage in Housing Recovery
- Underwater Mortgages Could Sink Even Deeper
- First Time Buyers Rescue Housing: Realtors
- Housing Recovery 'Still In Uncharted Territory': HUD Secretary
- U.S. Stocks Fall on Dubai Worries
- Black Friday at Best Buy
- Strategists on Dubai: Avoid 'Rash Moves' Now
- Longer Lines, Fuller Carts This Black Friday
- Dubai Stock Market Fear Has 'Legs': Dennis Gartman
- Obama's Emission Reduction Pledge Paints Future for Autos
- Is Super Bowl Halftime Act Too Old?
- Surprising Options Trades in TiVo Shares
- EA Sports Hopes to Pump Up Sales Through Pop-Up Locations
- Dubai's Debt Woes Signal New Era for Creditors
- US Treasury Wants Banks to Do More to Ease Mortgages
- Fed Audit Would Hurt Economic Prospects: Bernanke
- Next Week: Cash In Now Or Wait For A Santa Rally?
- Dubai Stock Selloff May Bring Buying Opportunity
- Black Friday Sales Rise by 0.5%: ShopperTrak
- Longer Lines, Fuller Carts This Black Friday
- Big US Banks May Be Forced to Raise Capital: Bove
- Bank of America Amends Pay for Senior Executives
RSS FEED
Realty Check
Text Size 
 |
]), I simply have to give a shout-out to Lennar for their no-performance, no-pay policy.The AP is reporting that Lennar’s [LEN
Loading...
()
] CEO, Stuart Miller, could have earned more than 11 million dollars in pay last year, but the company withheld nearly 10 million of it because Lennar didn’t meet its financial goals.
The AP got that from an analysis of company filings. Instead, he received a little over one million dollars. He also received no bonus. Lennar reported a nearly 2 billion-dollar loss for all of 2007.
Lennar has a pay-for-performance compensation and bonus program. I called Mr. Miller’s office, and his rep said quite simply, “Performance wasn’t achieved.”
Granted he still got a million bucks as the housing market bled cash all around him, and he certainly raked in plenty during the housing boom. I’m not crying for Mr. Miller, but I’m heartened that at least one company out there seems at least semi-reasonable about CEO pay.
Questions? Comments?
Data is a real-time snapshot *Data is delayed at least 15 minutes