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In this 2004 handout photo released by KB Home, Bruce Karatz ...

13th Nov 2006, 07:56 GMT

(AP) - In this 2004 handout photo released by KB Home, Bruce Karatz poses for a photographer. Homebuilder KB Home announced Sunday Nov. 12, 2006 that chairman and CEO Bruce Karatz is retiring after an internal investigation uncovered errors in the company's accounting of stock option grants. (AP Photo/KB Home, Jon Soohoo-File)

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