He served as Chairman and CEO of KB Home,[2] and engaged in philanthropic efforts to help rebuild both Los Angeles after the L.A.
Karatz was born in Chicago, Il and raised in Minneapolis, Minnesota, in a middle class Jewish family.
In 1972, Karatz joined Kaufman & Broad (the company took the KB Home name in 2001) as an associate general counsel.
He made a mark in 1977 when he installed a full-sized model home on the roof of the Au Printemps department store.
[11] Nafilyan & Partners opened for sale its first development in Villepinte, a suburb of Paris, France on October 11, 2014.
[15] After the Los Angeles riots in 1992, Kaufman and Broad spearheaded the effort to rebuild Camp Hollywoodland, a rustic canyon retreat for inner-city children whose main hall, dining room and other structures were gutted by fire.
KB Home acquired 74 finished lots in downtown New Orleans and bought 3,000 acres in Jefferson Parish.
Fortune Magazine wrote at the time, "It’s not often you hear a CEO express goals in humanitarian, not bottom-line, terms, especially when its shareholder money with which he’s do-gooding.
The show featured a family headed by a single mother, Patricia Broadbent, who had been diagnosed with lung cancer and had seven children.
[19] Ms. Broadbent is a longtime children’s advocate, former social worker, and an internationally recognized AIDS activist.
In the closing moments of the episode, Karatz tore up the family’s mortgage, promised to pay off the entire loan on their behalf, and said they’d never have to worry about making those payments again.
[19] In 2007, Karatz founded the Keep Your Home Foundation to support people in California facing foreclosures as a result of the mortgage crisis.
From May 2010 to August 2011, Karatz worked as a full-time volunteer with the non-profit, HomeBoy Industries, which provides a second chance to formerly incarcerated gang members by training them to reenter society.
On September 15, 2008, Karatz settled civil charges brought by the Securities and Exchange Commission ("SEC") arising out of these stock option back-dating procedures.
[24] The federal judge later entered an order providing for the early termination of Karatz’s five-year term of probation effective April 27, 2012.
Elizabeth is the founder and chief executive officer of La Loop, a privately owned firm that manufactures and sells a line of patented eyeglass products.