KB Home CEO gets punished

The board of Los Angeles-based KB Home said it’s punishing CEO Jeffrey Mezger for an obscene rant directed at Bel-Air neighbors Kathy Griff in and Randy Bick by taking away 25% of his annual bonus. But that may not mean much, because Mezger hasn’t gotten a bonus since 2014 and his salary wasn’t touched. Mezger received total compensation of $28.2 million from 2014 through 2016.