Sickening, I tell ya. Just sickening.
$175 Million by the way would buy 875 homes at $200k
Report Says Ex-CEO Karatz Could Get $175M Despite Leaving KB Home Amid Scandal
Bruce Karatz, who stepped down last week as chief executive of KB Home, could get as much as $175 million in severance pay, pension benefits and stock options despite leaving the homebuilder amid a stock option controversy, according to a published report.
The multimillion dollar windfall, experts say, may be possible in part because Karatz wasn't fired. The 61-year-old agreed to retire Nov. 12 and repay KB Home $13 million after an internal report concluded the home construction company incorrectly reported stock option grants.
November 20, 2006
Everyone out there with real jobs can now puke: Corrupt and disgraced KB Homes crook to get $175,000,000 windfall
Posted by blogger at 11/20/2006