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COPYRIGHT 2005 Investor's Business Daily, Inc.
Byline: AMY REEVES
It was 1993, and R. Chad Dreier was in full-on renovation mode.
Ryland Builders was losing money and had hired Dreier as chief executive to fix the problem. The way he saw it, it was time for a complete rebuild.
It turned out to be a gut job. Dreier changed the company in almost every way: the operations, the management culture, and, not least, the designs of the homes.
The re-do worked, and Dreier's now leading the firm in its ninth straight year of double-digit profit growth. During his 12-year tenure, Dreier has boosted Ryland's earnings per share from an 8-cent loss in 1993 to $6.36 last year. Sales have risen 174% during the same period.
Different Perspective
Dreier came from a culture quite different from Ryland's. A native Southern Californian, he got his bachelor's in accounting at Loyola Marymount...
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