Stuart Miller is the Co-CEO and Executive Chairman of Lennar Corporation, one of the biggest homebuilders in the U.S. He has been with the company for over 40 years, which gives him a lot of experience in the housing market....
Stuart Miller is the Co-CEO and Executive Chairman of Lennar Corporation, one of the biggest homebuilders in the U.S. He has been with the company for over 40 years, which gives him a lot of experience in the housing market. In 2018, he became the Executive Chairman, stepping back from the CEO role for a while. But in 2023, he returned as Co-CEO after the retirement of Rick Beckwitt. This shows his strong connection to the company and its direction. Miller’s compensation plan is clever. It ties a significant portion to the company’s performance, ensuring that his interests align with those of shareholders. In 2023, he earned a hefty total of around $343 million, driven largely by stock awards that reflect how well Lennar is doing. Interestingly, his cash bonuses are capped at $7 million, making sure he stays focused on long-term growth. One notable fact is that Miller has a substantial ownership stake in Lennar, and during the most recent period, he sold off a portion of his Class B shares but still holds vast power due to their voting strength. This substantial shareholding not only keeps him invested in the company’s success but also indicates his belief in its future. With all this, Miller continues to shape Lennar's path in the competitive housing industry, focusing on performance and innovation.