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KB Home
KB Home is an American homebuilding company founded in 1957 as Kaufman & Broad in Detroit, Michigan. It was the first company to be traded on the New York Stock Exchange as a home builder. Its headquarters are in Los Angeles, California. The company has built 600,000 homes since its founding. It builds homes primarily for first-time home buyers. History 1956–2007 KB Home was founded in Detroit in 1956 by Donald Bruce Kaufman and Eli Broad.Los Angeles Magazine: "A Little Thing Called Power - He has more pull than the mayor, more art than the Getty, and more money than God. Does Eli Broad own LA?" by Ed Leibowitz
June 2003
Their first venture together ...
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Public Company
A public company is a company whose ownership is organized via shares of share capital, stock which are intended to be freely traded on a stock exchange or in over-the-counter (finance), over-the-counter markets. A public (publicly traded) company can be listed on a stock exchange (listing (finance), listed company), which facilitates the trade of shares, or not (unlisted public company). In some jurisdictions, public companies over a certain size must be listed on an exchange. In most cases, public companies are ''private'' enterprises in the ''private'' sector, and "public" emphasizes their reporting and trading on the public markets. Public companies are formed within the legal systems of particular states and so have associations and formal designations, which are distinct and separate in the polity in which they reside. In the United States, for example, a public company is usually a type of corporation, though a corporation need not be a public company. In the United Kin ...
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Initial Public Offering
An initial public offering (IPO) or stock launch is a public offering in which shares of a company are sold to institutional investors and usually also to retail (individual) investors. An IPO is typically underwritten by one or more investment banks, who also arrange for the shares to be listed on one or more stock exchanges. Through this process, colloquially known as ''floating'', or ''going public'', a privately held company is transformed into a public company. Initial public offerings can be used to raise new equity capital for companies, to monetize the investments of private shareholders such as company founders or private equity investors, and to enable easy trading of existing holdings or future capital raising by becoming publicly traded. After the IPO, shares are traded freely in the open market at what is known as the free float. Stock exchanges stipulate a minimum free float both in absolute terms (the total value as determined by the share price multiplied ...
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Social Responsibility
Social responsibility is an ethical concept in which a person works and cooperates with other people and organizations for the benefit of the community. An organization can demonstrate social responsibility in several ways, for instance, by donating, encouraging volunteerism, using ethical hiring procedures, and making changes that benefit the environment. Social responsibility is an individual responsibility that involves a balance between the economy and the ecosystem one lives within, and possible trade-offs between economic development, and the welfare of society and the environment. Social responsibility pertains not only to business organizations but also to everyone whose actions impact the environment. History Writers in the classical Western philosophical tradition acknowledged the importance of social responsibility for human thriving. Aristotle Aristotle determined that "Man is by nature a political animal." He saw ethics and politics as mutually-reinforcing: ...
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Sustainability Reporting
Sustainability reporting refers to the disclosure, whether voluntary, solicited, or required, of non-financial performance information to outsiders of the organization. Sustainability reporting deals with qualitative and quantitative information concerning environmental, social, economic and governance issues. These are the criteria often gathered under the acronym ESG ( environmental, social and corporate governance). The introduction of non-financial information in published reports is seen as a step forward in corporate communications and an effective way to increase corporate engagement and transparency. Sustainability reports can help companies build consumer confidence and improve corporate reputations through transparent disclosure on social responsibility programs and risk management. Such communication aims to give stakeholders broader access to relevant information outside the financial sphere that also influences the company's performance. In the EU, the mandatory pra ...
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Sustainability
Sustainability is a social goal for people to co-exist on Earth over a long period of time. Definitions of this term are disputed and have varied with literature, context, and time. Sustainability usually has three dimensions (or pillars): environmental, economic, and social. Many definitions emphasize the environmental dimension. This can include addressing key environmental problems, including climate change and biodiversity loss. The idea of sustainability can guide decisions at the global, national, organizational, and individual levels. A related concept is that of sustainable development, and the terms are often used to mean the same thing. UNESCO distinguishes the two like this: "''Sustainability'' is often thought of as a long-term goal (i.e. a more sustainable world), while ''sustainable development'' refers to the many processes and pathways to achieve it." Details around the economic dimension of sustainability are controversial. Scholars have discussed this under ...
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Stock Options
In finance, an option is a contract which conveys to its owner, the ''holder'', the right, but not the obligation, to buy or sell a specific quantity of an underlying asset or instrument at a specified strike price on or before a specified date, depending on the style of the option. Options are typically acquired by purchase, as a form of compensation, or as part of a complex financial transaction. Thus, they are also a form of asset (or contingent liability) and have a valuation that may depend on a complex relationship between underlying asset price, time until expiration, market volatility, the risk-free rate of interest, and the strike price of the option. Options may be traded between private parties in ''over-the-counter'' (OTC) transactions, or they may be exchange-traded in live, public markets in the form of standardized contracts. Definition and application An option is a contract that allows the holder the right to buy or sell an underlying asset or financial i ...
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Backdating
In finance, options backdating is the practice of altering the date a stock option was granted, to a usually earlier (but sometimes later) date at which the underlying stock price was lower. This is a way of repricing options to make them more valuable when the option "strike price" (the fixed price at which the owner of the option can purchase stock) is fixed to the stock price at the date the option was granted. Cases of backdating employee stock options have drawn public and media attention. Stock options are often granted to the upper management of a corporation. While options backdating is not always illegal, it has been called "cheating the corporation in order to give the CEO more money than was authorized." According to a study by Erik Lie, a finance professor at the University of Iowa, more than 2,000 companies used options backdating in some form to reward their senior executives between 1996 and 2002. In an "uncanny number of cases," the "companies granted stock optio ...
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Bruce Karatz
Bruce E. Karatz (born October 10, 1945) is an American businessman and philanthropist. He served as Chairman and CEO of KB Home,Berry, Kate (2004-9-6). "Coming home: Bruce Karatz started as in-house counsel, but learned the business and turned what became KB Home into an international market leader (Interview)." Los Angeles Business Journal and engaged in philanthropic efforts to help rebuild both Los Angeles after the L.A. Riots and New Orleans following Hurricane Katrina. Karatz was CEO for two decades while KB Home grew revenues from $491 million to $11 billion and annual home deliveries increased from 4,500 homes in 1986 to over 39,000 homes in 2006. In March 2013, Karatz was a recipient of The Malibu Times' 23rd Annual Dolphin Awards. Karatz operates BK Capital LLC based in Beverly Hills, California. Early life Karatz was born in Chicago, Il and raised in Minneapolis, Minnesota, in a middle class Jewish family. His father owned a movie theater and his mother was a homemake ...
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WFAA-TV
WFAA (channel 8) is a television station licensed to Dallas, Texas, United States, serving as the ABC affiliate for the Dallas–Fort Worth metroplex. It is owned by Tegna Inc. alongside Decatur-licensed independent station KFAA-TV (channel 29), which provides a full-market high definition simulcast of WFAA's main channel on its UHF physical channel assigned to channel 8.8, due to long-term issues involving WFAA's digital VHF signal. The two stations share studio facilities and business offices at the WFAA Communications Center Studios on Young Street in downtown Dallas (next to the offices of WFAA's former sister newspaper under the ownership of former parent company Belo, ''The Dallas Morning News''). WFAA's transmitter is located in Cedar Hill, Texas. WFAA is the largest ABC affiliate by market size that is not owned and operated by the network through its ABC Owned Television Stations division. This also makes Dallas the largest media market with a " Big Four" s ...
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The Ellen DeGeneres Show
''The Ellen DeGeneres Show'' is an American first-run syndicated talk show that was hosted by Ellen DeGeneres. The show ran for nineteen seasons from September 8, 2003, to May 26, 2022, in which it broadcast 3,339 episodes. It was produced by Telepictures Productions. The majority of stations owned by NBC Owned Television Stations, along with Hearst Television and Tegna, served as the program's largest affiliate base. For its first five seasons, the show was taped in Studio 11 at NBC Studios in Burbank, California. From season 6 onwards, the show moved to being taped at Stage 1 on the nearby Warner Bros. lot. Since the beginning of the sixth season, ''The Ellen DeGeneres Show'' was broadcast in high definition. The show received 171 Daytime Emmy Award nominations and won 63 Daytime Emmy Awards as of 2022, including four for Outstanding Talk Show and seven for Outstanding Talk Show Entertainment, making 11 total awards and surpassing the record held by '' The Oprah Winf ...
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The Walt Disney Company
The Walt Disney Company, commonly referred to as simply Disney, is an American multinational mass media and entertainment conglomerate headquartered at the Walt Disney Studios complex in Burbank, California. Disney was founded on October 16, 1923, as an animation studio, by brothers Walt Disney and Roy Oliver Disney as Disney Brothers Cartoon Studio; it later operated under the names Walt Disney Studio and Walt Disney Productions before adopting its current name in 1986. In 1928, Disney established itself as a leader in the animation industry with the short film ''Steamboat Willie.'' The film used synchronized sound to become the first post-produced sound cartoon, and popularized Mickey Mouse, who became Disney's mascot and corporate icon. After becoming a success by the early 1940s, Disney diversified into live-action films, television, and theme parks in the 1950s. However, following Walt Disney's death in 1966, the company's profits, especially in the animation sector, ...
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Martha Stewart
Martha Helen Stewart (, ; born August 3, 1941) is an American retail business woman, writer, and television personality. As the founder of Martha Stewart Living Omnimedia, focusing on home and hospitality, she gained success through a variety of business ventures, encompassing publishing, broadcasting, merchandising and e-commerce. She has written numerous bestselling books, was the publisher of ''Martha Stewart Living'' magazine and hosted two broadcast syndication, syndicated television programs: ''Martha Stewart Living#Television program, Martha Stewart Living'', which ran from 1993 to 2004, and ''The Martha Stewart Show'', which ran from 2005 to 2012. Stewart was convicted of felony charges related to the ImClone stock trading case; she served five months in federal prison for fraud and was released in March 2005. There was speculation that the incident would effectively end her media empire, but in 2005, Stewart began a comeback campaign, and her company returned to profi ...
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