Word: lennar
(lookup in dictionary)
(lookup stats)
Dates: all
Sort By: most recent first
(reverse)
...suggesting that Miller's home building company, Lennar Corp., builds substandard housing, Ms. Carrier mentions the damage suffered by some Lennar homes in the wake of Hurricane Andrew's destruction in 1992. But although Ms. Carrier mentions lawsuits filed against the company as an indicator of some new-found public distrust of Lennar, she conveniently leaves out the fact that prosecutors who investigated Lennar exonerated the company of all criminal wrongdoing. In fact, investigators concluded that Lennar's homes were all built up to code, and that most of the weaknesses exposed by Andrew were the result of practices sanctioned...
...Florida's largest home builder, Lennar would seem to be the perfect scapegoat for someone looking for a good story like Ms. Carrier. But as the prosecutors concluded, "while it would be convenient and perhaps publicly soothing to blame Lennar for the destruction wrought by Hurricane Andrew at the properties investigated, it would not be fair or accurate." Not even Homestead Air Force Base could withstand the record 120-mile-an-hour winds of the unprecedented hurricane, and Florida Power and Light's concrete utility poles, built to resist 165-mile-an-hour winds, snapped like toothpicks...
Admittedly, Ms. Carrier would have looked foolish had she included in her article the fact the Miami Herald recently made Lennar one of its five finalists for the prestigious "Florida Company of the Year" award, largely because of Lennar's remarkable success in winning back customers after the hurricane. Oh well, that little piece of information wouldn't be conducive to a negative article, so it had to be left...
...partnership with Westinghouse Electric Corp.and Lehman Brothers put Lennar in control of $3billion worth of assets for about half of theirvalue, as well...
These, as well as other investments, haveenabled Lennar to profit while other firms havesuffered, and have earned Miller admiration fromindustry onlookers...