Monday, 18 December, 2017

CEO Has Bonus Slashed Over Anti-Gay, Sexist Rant at Kathy Griffin

KB Home cuts CEO's bonus as punishment for his profanity-laced rant at neighbor Kathy Griffin KB Home CEO Bonus Cut After Slur-Ridden Tirade Vs. Kathy Griffin Goes Public
Nicole Thomas | 22 September, 2017, 05:37

Kathy Griffin just can't keep herself out of the headlines!

KB Home did not respond to a request for further comment.

KB Home (NYSE:KBH) has chose to cut its chief executive Jeffrey Mezger's annual bonus by 25% after a more than two-minute recording emerged of him allegedly berating his neighbour, comedian Kathy Griffin, in an expletive-laced tirade, complete with sexist and homophobic language. Griffin and boyfriend Randy Bick called the police to file a noise complaint against Mezger's grandkids, according to reports.

A spokesperson for KB Home said that the audio recording appears to have been edited, but did confirm it is Mezger speaking on the recording, Fox News reported.

KB Home, which is one of the largest builders in the United States and prides itself on its sustainable and environmentally friendly houses, took swift action.

KB Home CEO Jeffrey Mezger, who is 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.

Tampa girl, 4, dies of gunshot reaching for candy
Her grandparents were at home at the time, Patch reports. "She loved to help daddy work on the vehicle ", he told the Times. He explained that he would have had to drop out of high school if his parents had not pitched in to help raise her.

In response, the homebuilder's board of directors slashed Mezger's bonus by 25% for fiscal 2017 and told the chief executive that "if in the future there is any similar incident, he will be dismissed". She called the 25% bonus cut a "small slap on the wrist".

There has been some backlash against the executive since the vulgar two-minute outburst was first aired by HuffPost. TV host and financial advisor Suze Orman wrote on Twitter, "Disgraceful talk from the CEO of KB HOMES".

"You really want to buy a home from this man?"

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It's unclear how much that will impact the executive, who hasn't received a bonus since 2014. Last year, Mr. Mezger earned almost $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.

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