Ian J. McCarthy

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Allan Merrill Named CEO of Beazer Homes

Beazer Homes USA, Atlanta (NYSE:BZH) early Monday abruptly announced that Ian J. McCarthy, the company's president and CEO, had left the company. He is succeeded by CFO Allan Merrill, who was named president and CEO. The company said only that McCarthy "is leaving the company and has resigned from the board of directors." More

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Alan Merrill Named CEO of Beazer Homes

Beazer Homes USA, Atlanta (NYSE:BZH) early Monday abruptly announced that Ian J. McCarthy, the company's president and CEO, had left the company and its board. He is succeeded by CFO Allan Merrill, who was named president and CEO. The company said McCarthy "is leaving the company and has resigned from the board of directors." More

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Beazer's McCarthy to Return $6.5 Million in Compensation

Beazer Homes USA, Atlanta (NYSE:BZH) late Thursday announced its CEO, Ian J.McCarthy, has reached a resolution with the Securities and Exchange Commission under the Sarbanes-Oxley Act to return approximately $6.5 million in cash plus unspecified shares of stock that were awarded while the company was under investigation for accounting fraud. More

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SEC Requires Beazer to Disclose Mortgage Details

The Securities and Exchange Commission (SEC) has sided with the Laborers' International Union of North America (LIUNA) in forcing Beazer Homes to disclose more information about its mortgage investments. LIUNA had sought a shareholder resolution on Beazer's proxy that would require the disclosure. More

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Beazer Homes CEO: "We're Managing Through the Issues"

Since he anticipates 2008 to be another difficult year, Beazer Homes CEO Ian McCarthy says the Atlanta-based builder is focused on managing issues that have surfaced over the past few months, such as a recent financial restatement and an internal investigation concerning compliance. The company also is installing a downturn management plan that will focus on cash savings across the board. More

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Shareholder Group Calls for Beazer Chief's Ouster

Citing a lack of leadership, federal investigations, and a downward spiral of stock value, the CtW Investment Group let Beazer's board of directors know that it wasn't happy with the company's direction and that it wants instant redress - in the form of the immediate removal of CEO Ian J. McCarthy. "Against this backdrop, it is disturbing that the Beazer board has yet to remove Mr. McCarthy, who is responsible for the most stunning leadership failure in the entire home building industry," says Michael I. Garland, CtW Investment Group's director of value strategies. More

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Losses Add to Beazer Homes' Woes

Beazer Homes USA is reporting a fiscal 3rd quarter net loss of $123 million on $761 million in revenue. During the same period in 2006, the Atlanta-based company had a net income of $102.6 million on $1.2 billion in revenue. Speaking at a company teleconference on Thursday, CEO Ian J. McCarthy described the past few months as "an extremely challenging period." More

Brand-New Way
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Brand-New Way

BUILDERS WHO THINK branding matters only when you're selling coffee, cars, and... More

Extreme' Construction
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Extreme' Construction

Viewers of ABC's "Extreme Makeover: Home Edition" don't see the total commitment... More

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