Monday, Jan 28, 2008

Countrywide boss to forego massive payout.

New York Times: Countrywide CEO to give up $37.5 million in payments

NEW YORK (Reuters) - Countrywide Financial Corp CEO Angelo Mozilo said on Monday that he would give up $37.5 million in severance pay and other fees he stood to gain from the mortgage lender's sale to Bank of America Corp , amid criticism over his role in the U.S. mortgage meltdown.

Posted by barb777 @ 08:19 AM (207 views) Add Comment

1 Comment

1. little professor said...

Yes, but more importantly, will he give up his perma-tan?

Monday, January 28, 2008 11:31AM Report Comment
 

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