X

CEO Who Ranted Against Kathy Griffin Sees Bonus Cut

It's unclear what that means in terms of dollars
By Newser Editors and Wire Services
Posted Sep 21, 2017 12:39 PM CDT
CEO's Bonus Cut 25% After Rant Against Kathy Griffin
In this Oct. 29, 2007, file photo, KB Home CEO Jeffrey Mezger speaks during a panel discussion on the subprime market fallout in Beverly Hills, Calif.   (Ric Francis)

(Newser) – One of the nation's biggest homebuilders is putting its top executive on notice after a vulgar rant against comedian Kathy Griffin was caught on tape and went viral. KB Home CEO Jeffrey Mezger, who's a neighbor of Griffin's in California, was recorded by a security camera hurling slurs against Griffin while in a heated argument with her boyfriend. Mezger was angered after Griffin or her boyfriend complained to police over a family get-together at Mezger's house. Per the AP, KB Home said in a regulatory filing Thursday that while Mezger has been "a great leader," his behavior was unacceptable and that he would be fired for any similar incidents in the future. It also cut his annual bonus by 25%.

story continues below

How much the incident will cost Mezger, who has been CEO since 2006, isn't clear. He was paid $9 million last year in salary and stock awards, but he hasn't received a bonus since 2014. In that year, Mezger received a bonus of $125,000. There has been some backlash against the executive since the vulgar, two-minute outburst was first aired by HuffPost. TV host and financial adviser Suze Orman wrote on Twitter this week, "Disgraceful talk from the CEO of KB HOMES. You really want to buy a home from this man? Beyond Disgusting!" (Read more Kathy Griffin stories.)

We use cookies. By Clicking "OK" or any content on this site, you agree to allow cookies to be placed. Read more in our privacy policy.
Get the news faster.
Tap to install our app.
X
Install the Newser News app
in two easy steps:
1. Tap in your navigation bar.
2. Tap to Add to Home Screen.

X