DR Horton awards bonuses to top execs after profitable year

Home builder 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 reported. The company had a net income of $245.1 million, up substantially after losing $549.8 million in 2009.
By Todd Loesch, Housing Zone Contributing Editor | November 19, 2010

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 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.

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