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
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“No one is ahead of his time, it is only that the particular variety of creating his time is the one that his contemporaries who are also creating their own time refuse to accept.... For a very long time everybody refuses and then almost without a pause almost everybody accepts. In the history of the refused in the arts and literature the rapidity of the change is always startling.”
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