Dwight C. Schar, who was born on May 1, 1942, is the co-founder of NVR, Inc., a significant player in the homebuilding industry. He served as CEO from 1993 until 2005, transitioning to become the Executive Chairman after that. Schar...

Dwight C. Schar, who was born on May 1, 1942, is the co-founder of NVR, Inc., a significant player in the homebuilding industry. He served as CEO from 1993 until 2005, transitioning to become the Executive Chairman after that. Schar has a deep practical experience in this field, having started his career with Ryan Homes in 1969 before founding NVHomes. He successfully merged the two companies, creating NVR, which has shown steady growth over the decades. His compensation reflects his performance-driven approach; for example, in 2005 he secured an impressive $4.02 million which included a $2 million salary and a $2 million bonus, both tied to exceeding company profit goals. Notably, Schar took significant pay cuts in tough economic times, even reducing his 2008 and 2009 salaries to zero amid the housing market downturn. This reflects a strong commitment to the company's success over personal gain. In addition, Schar was also known to hold substantial stocks, reaching up to $364.14 million in 2024, showcasing his vested interest in NVR's future. He remained influential in the company’s governance until his retirement in 2022, emphasizing a careful leadership transition to ensure stability for NVR going forward.