History
Co-founded in the 1950s by Leonard Miller. He was the president and CEO of the company until 1997, when his son Stuart Miller replaced him.
In 1997 it spun off LNR Property corporation, which handles the commercial operations, under control of Stuart Miller. According to corporate disclosure, Stuart Miller is "the sole director and officer of a family-owned corporation which owns stock that gives it voting control of both companies.", referring to Lennar Corporation and LNR Property Corp.
In 2006 it was listed as a Fortune 200 company and one of Forbe's America's Best Managed companies.
In 2011, Lennar was the victim a fraud scam by con man Barry Minkow, which caused Lennar stock to lose 26% of its value.
Read more about this topic: Lennar Corporation
Famous quotes containing the word history:
“I am ashamed to see what a shallow village tale our so-called History is. How many times must we say Rome, and Paris, and Constantinople! What does Rome know of rat and lizard? What are Olympiads and Consulates to these neighboring systems of being? Nay, what food or experience or succor have they for the Esquimaux seal-hunter, or the Kanaka in his canoe, for the fisherman, the stevedore, the porter?”
—Ralph Waldo Emerson (1803–1882)
“Revolutions are the periods of history when individuals count most.”
—Norman Mailer (b. 1923)
“We have need of history in its entirety, not to fall back into it, but to see if we can escape from it.”
—José Ortega Y Gasset (1883–1955)