Investors seek reforms of home-builder CEO pay

I'm glad to see investors are finally catching on to what builders have been doing. For years, the consumer complaints, govt fines, lawsuits, etc, have either escaped their notice, or been dismissed as unimportant. Consumer advocates have predicted for years that the current housing and mortgage disaster was going to happen, and yet builders' stock prices continued to rise. It's only been fairly recently that "respected" investor advice has started to discuss the above problems as being part of this picture. This housing bubble was artificially, probably fraudulently, created by the industry. If any one individual or small unconnected group caused this economic mess, they'd be in jail. I'd like to know why people in the industry are not under MORE than the few criminal investigations going on. The fines they will pay to HUD, the SEC, or whoever will be peanuts to these builders.

Shareholders should be questiong lots of things that are going on in the home building industry. Substandard construction, the use of cheap materials, worthless ten year warranties, binding mandatory arbitration clauses that are not fair, less expensive or faster than the civil justice system, Title Co. problems, and their own mortgage companies that have been involved in very questionable lending just to name a few.