Monday, January 28, 2008
Countrywide boss to forego massive payout.
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 (687 views)
One thought on “Countrywide boss to forego massive payout.”
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little professor says:
Yes, but more importantly, will he give up his perma-tan?