Should Countrywide CEO Angelo Mozilo leave the company (or get fired), he’ll pocket a $115 million severance package.
Mozilo’s reward for stewardship of Countrywide into the head winds of subprime hell will include $87 million in salary advances, two separate pensions worth $24 million, health care for life for him and his wife, three free years of “financial planning benefits,” free trips on the company jet and his country club bills until 2011.
In the last year alone, CFC stockholders are down over 84%, and about 11,000 Countrywide employees have lost their jobs.
Hmnnn…
Mozilo’s reward for stewardship of Countrywide into the head winds of subprime hell will include $87 million in salary advances, two separate pensions worth $24 million, health care for life for him and his wife, three free years of “financial planning benefits,” free trips on the company jet and his country club bills until 2011.
In the last year alone, CFC stockholders are down over 84%, and about 11,000 Countrywide employees have lost their jobs.
Hmnnn…
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