Penn Law Journal - Fall 2005

FEATURED BRIEFS

Q & A with Robert Toll

Tai Terry L'80 Becomes New LAS President

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FYI: Personal Updates

Luxury home builder Robert Toll is a maverick, an iconoclast, and a cautious optimist with an uncanny knack for exceeding expectations. He rides and bucks, when necessary, market trends. In the process he’s captured the triple crown of building awards — leading the only publicly traded home building company to do so — and rewarded shareholders with extraordinary returns on investment. How’s a rise in earnings per share over the past 15 years from 8 cents to $2.50+?

But last March Toll, chairman and chief executive officer of Toll Brothers, Inc., capped his career with an honor to end all honors: Barron’s named him one of the top 30 CEOs in the world, alongside Warren Buffett, Steve Jobs and Jeffrey Immelt.

Barron’s crowned Toll the “undisputed king of high-end housing” and praised him for his perseverance and independent streak. “Two years ago, many investors were urging him to buy back stock. Toll resisted, deciding, correctly, that the company could earn better returns buying land and building homes.”