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Strategies & Market Trends : The Residential Real Estate Crash Index
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To: Les H who wrote (27921)3/8/2005 4:58:35 PM
From: BWAC of 306849
 
According to the recent 10-K filing of M.D.C. Holdings , a firm that encompasses some home-building and home-selling businesses, the CEO's wife has been making some good money. In 2003, she was paid $240,000 by the company for her decorating consulting services. That's up from 1998's $98,000 and down from 2004's $120,000 (which comes with an apparent reduction in hours). Is this criminal? Not at all. She may well be delivering a terrific service for a great price. But it does look at least a little fishy. As Leder commented, "After all, does anyone really believe that any MDC employee would be willing to complain about the quality of the work done by the boss' wife?" If I saw something like this going on with one of my companies, I might start looking out for other possible red flags.

biz.yahoo.com
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