It is unlikely to happen again this year as doubts about the legs of the housing recovery keep coming up, but 2013 was an excellent year to be the CEO of a publicly-traded homebuilder because pay raises averaged 37% and hit a median of $7.9 million.
That still does not touch 2005's record-high median of $11.3 million, but it's well above 2012, according to figures from FPL Associates, a compensation consulting firm that focuses on the construction industry.
The highest total compensation – which adds bonuses and incentive grants to base salary – in 2013 was $13.6 million for Stuart Miller at Lenna, and the lowest was $4 million for Allan Merrill at Beazer Homes USA.
(From Construction Dive)
Trenton H. Cotney
Florida Bar Certified Construction Lawyer
Trent Cotney, P.A.
1211 N Franklin St
Tampa, FL 33602