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Beazer Homes Directors Sued Over Executive Compensation Plan

Beazer Homes USA Inc.’s directors were sued by shareholders who contend the homebuilder’s executive compensation plan shortchanges investors by rewarding managers for shoddy performance.

Beazer’s board didn’t act in shareholders’ best interests when it approved pay raises last year for Chief Executive Officer Ian McCarthy and other executives while the company had $34 million in losses, lawyers for two Teamsters pension funds said in a lawsuit filed today in state court in Atlanta.