Mohawk Industries Inc. CEO Jeffrey Lorberbaum

Mohawk Industries Inc. CEO Jeffrey Lorberbaum

Mohawk Industries Inc.

Mohawk shares have rallied 12 percent on news of the merger, and have surged 77 percent since Lorberbaum took the reins of the company in 2001, closing at a 52-week record $94.53 yesterday in New York and making Lorberbaum a billionaire.