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by CareyBot

Embattled builder Beazer Homes USA Inc., which is facing a series of investigations and lawsuits over business practices and plans to restate earnings dating back to the 2004 fiscal year, announced that it cut a quarter of its workforce, or 650 positions, in October. Also, an investment group affiliated with a coalition of unions is calling for the removal of Beazer Homes CEO Ian McCarthy. CtW Investment Group charges in a scathing letter to the chairman of Beazer's nominating and corporate governance committee, "Taken together, the combination of improper practices, compliance failures and poor corporate governance ... constitute a stinging indictment of Beazer's leadership in general and of Mr. McCarthy in particular. By swiftly replacing Mr. McCarthy with a qualified CEO and nami...