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Former KB Homes Chairman Indicted

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2009-03-karatzAfter this morning's news that former Countrywide CEO Angelo Mozilo is facing civil fraud charges, comes news the latest executive scandal. According to the LA Times, former KB Homes chairman (and the ex-Mr. Aunt Sandy) Bruce Karatz was indicted today on charges that he awarded himself and other executives millions of dollars in stock-based compensation. Apparently he's been accused of backdating stock options for the LA-based home builder over a seven-year period to days when the company's stock was trading at low levels. Anyone want to take bets on which executive will fall next? [LA Times]