Beazer Homes CEO is outsted

Beazer Homes USA Inc.’s chief executive [Ian McCarthy]… has left the company. The departure, which the company announced this morning, comes about three months after McCarthy reached a settlement with the Securities and Exchange Commission to return $6.5 million in bonuses and stock proceeds he reaped while his company was allegedly committing accounting fraud. McCarthy was not charged with any misconduct and has neither admitted nor denied the SEC’s allegations, but he was required to return the compensation under the Sarbanes-Oxley corporate governance law.

Read more: Beazer Homes CEO is outsted — Raleigh News & Observer