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.
Competitorsâ 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.
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.
Competitorsâ 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.
