Homebuilder DR Horton paid its top two executives nearly $4 million in bonuses after the company had its first profitable year since 2006, The Wall Street Journal [1] reported.
The company had a net income of $245.1 million, up substantially after losing $549.8 million in 2009.
Although its 21,000 closings are up from a year earlier, they remain far below the company’s peak.
Links:
[1] http://blogs.wsj.com/developments/2010/11/17/home-builder-awards-bonuses-to-top-execs/