The value of the bonus is unclear. Last year, Mr. Mezger earned nearly $9 million in total compensation, making him the fifth-highest paid chief executive among publicly traded homebuilding companies in the United States, according to Builder magazine.
The board also said that it had told Mr. Mezger “if in the future there is any similar incident, he will be dismissed.”
In a statement, the board said that Mr. Mezger has been a “very effective” executive and a “great leader” who has “always conducted himself in a professional manner.”
“Mr. Mezger has the full and complete confidence of the board,” the statement said. “However, Mr. Mezger’s recent behavior in his personal dealings with a neighbor is unacceptable and a negative reflection on KB Home.”
Mr. Mezger’s rant stemmed from a strained relationship with Ms. Griffin and Mr. Bick, who live in the same upscale gated community.
In the audio Mr. Mezger referred to Ms. Griffin using a crude reference to the female anatomy and a disparaging term for lesbians. He also mocked her shaved head, which was a gesture of support for her sister Joyce, who died of cancer last week.
Soon after the audio was published, the former CNBC host Suze Orman called Mr. Mezger’s actions “disgraceful.”
“You really want to buy a home from this man? Beyond disgusting,” Ms. Orman wrote on Twitter.
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- September 28, 2017