| Business Summary | | Lennar
Corporation
is
a
homebuilder
and
provider
of
residential
financial
services.
The
Company's
homebuilding
operations
include
the
sale
and
construction
of
single-family
attached
and
detached
homes,
as
well
as
the
purchase,
development
and
sale
of
residential
land
directly
and
through
its
partnerships.
The
financial
services
operations
provide
mortgage
financing,
title
insurance
and
closing
services
for
Lennar
homebuyers
and
others,
package
and
resell
residential
mortgage
loans,
perform
mortgage
loan
servicing
activities
and
provide
high-speed
Internet
access,
cable
television
and
home
monitoring
services
to
residents
of
Lennar
communities
and
others. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | Lennar
Corporation
is
engaged
in
two
principal
businesses:
the
building
and
selling
of
homes
and
mortgage
financing
services.
For
the
six
months
ended
5/31/01,
revenues
increased
55%
to
$2.50
billion.
Net
income
totalled
$148.3
million,
up
from
$58.7
million.
Revenues
reflect
a
higher
number
of
new
home
deliveries,
an
increase
in
financial
services
and
increased
average
sales
price.
Net
income
also
reflects
an
increase
in
operating
margins. | More
from
Market Guide: Significant
Developments |
| | | | FY2000
Compensation | | Pay | Exer | |
| Leonard Miller, 68 Chairman | -- | -- | Stuart Miller, 43 Pres,
CEO, Director | $5.3M | -- | Robert Strudler, 58 Vice
Chairman, COO | 2.6M | -- | Bruce Gross, 42 VP,
CFO | 2.0M | $381K | Jonathan Jaffe, 41 VP,
Director | 3.7M | -- | Dollar amounts are as of 30-Nov-2000 and compensation values are for the fiscal year ending on that date; "Pay" is salary, bonuses, etc.; "Exer" is the value of options excercised during the fiscal year. |
| More
from
Market Guide on Officers & Directors: Expanded
List, Bios,
Compensation,
Options
|
|