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angelo mozilo

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Countrywide's Mozilo as Train Wreck: Experts' Views: Angelo Mozilo fits central casting's version of the modern CEO. Always tanned, his white hair contrasting against dark business suits, the co-founder and chief executive of Countrywide Financial has been powerful and domineering. Yet, his behavior and that of his board has led to what corporate governance experts believe is...; Tags: Corporate governance, Financial accounting, Peter Galuszka, Countrywide, Angelo Mozilo, board, Countrywide Financial; Blog posts 2008-06-26
Countrywide's Mozilo Tries To Pull a Fast One on Compensation: Countrywide Financial Chief Executive Officer Angelo Mozilo seems to have finally obtained some public relations advice--he's announcing that he'll voluntarily give up $37.5 million in severance and consulting pay in connection with Bank of America's takeover of his failed firm. He made this announcement the day before Countrywide reported $422 million...; Tags: Financial accounting, Investment, Benefits, William J. Holstein, Countrywide, compensation, Angelo Mozilo, Countrywide Financial, shareholder; Blog posts 2008-01-29

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Mozilo hit with civil charges after sub-prime collapse: Business News IN BRIEF *Angelo Mozilo, founder of Countrywide Financial, until last year the biggest mortgage lender in the US, is facing civil charges in two states over claims that he turned a blind eye to fraudulent lending practices that have saddled millions of homeowners with mortgages...; Articles 2008-06-26
Friends in high places: When average consumers shop for a home mortgage, they don't end up chatting with the lending company's CEO. Nor are they likely to gain access to a special program for Very Important People. But things are different in Washington, where two U.S. senators and other insiders ended up...; Articles 2008-06-18
Countrywide gave special treatment to US lawmakers: reports: WASHINGTON AFP — Countrywide Financial, the largest mortgage lender at the center of the US housing crisis, regularly gave loans on favorable terms to prominent lawmakers and former cabinet members, according to US media. The preferential treatment for senators including Democrat Chris Dodd, chairman of the Senate Banking...; Articles 2008-06-14

Countrywide reckoning: COUNTRYWIDE RECKONING: A federal judge rejected requests by Countrywide Financial Corp. to dismiss a shareholder lawsuit against executives and directors of the lender, sending the case to trial. Los Angeles District Judge Mariana Pfaelzer agreed with several public pension funds in finding that witnesses' accounts of Countrywide's business practices were...; Articles 2008-05-19
Federal Court Upholds Derivative Complaint Alleging Federal and State Law Claims Against Countrywide Officers and Directors, According to Bernstein Litowitz Berger & Grossmann LLP: The federal district court overseeing aderivative action concerning the collapse of Countrywide FinancialCorporation (NYSE: CFC) issued an important ruling today upholding, inlarge part, the plaintiffs' claims against certain officers and directorsof the Company. The action alleges breaches of fiduciary duty byCountrywide's officers and directors, including Angelo Mozilo and DavidSambol,...; Articles 2008-05-15
Fight over Countrywide CEO's pay shows board's difficult role: When a company's chief financial officer has an accounting problem, he or she can turn to the outside auditors for advice. But when a board's compensation committee seeks help in creating a CEO compensation package, it's not as easy. Consider the case of Countrywide CEO Angelo Mozilo, who...; Articles 2008-04-10
One-Fifth of U.S. CEOs Receive Income Tax Gross-Ups, According to The Corporate Library Study: According to the latestresearch by The CorporateLibrary , 20 percent of CEOs (more than 650 individuals) receive taxgross-ups on part of their income. Tax gross-ups were provided forperquisites such as housing, gifts, security, country club fees, executiveretreats, and even PS3s. Data was collected from 3,297 proxy...; Articles 2008-04-01
House committee questions high compensation for CEOs involved in: WASHINGTON -- Lawmakers confronted corporate executives Friday about how they managed to take home hundreds of millions of dollars in compensation while their companies were taking a financial nosedive from the subprime mortgage crisis. "It seems that CEOs hit the lottery when their companies collapse," House Oversight...; Articles 2008-03-10
CEOs: We deserve high pay Mortgage industry executives involved in: WASHINGTON -- Three corporate executives called in for a shaming by Democratic lawmakers Friday defended raking in hundreds of millions of dollars despite contributing to the subprime mortgage crisis that has their companies reeling from losses and the nation on the edge of recession. "There's a...; Articles 2008-03-08
Congress puts fallen titans on the spot over huge payouts: With the eyes of Wall Street - and a good part of Main Street - upon them, three former financial titans of America were obliged yesterday to defend before Congress the exorbitant pay packages they received even as they each lost their jobs in the tsunami wave of housing-credit writedowns...; Articles 2008-03-08
Nightly Business Report: PAUL KANGAS, NIGHTLY BUSINESS REPORT ANCHOR: The latest look at U.S. employment paints a bleak picture. February marked back-to-back monthly increases in job losses. It also saw the fastest falloff in five years, fueling fears about recession and hopes for another interest rate cut....; Articles 2008-03-07
Perverse Incentives Lead to Perverse Behavior, Minow Tells Waxman: The inadequacy of board oversight of CEOcompensation practices at companies hit by the sub-prime mortgage crisiswill be brought to light today at the U.S. House Committee on Oversight andGovernment Reform meeting in testimony by Nell Minow, Editor and Co-Founder of The CorporateLibrary . "With executive compensation you get...; Articles 2008-03-07
Countrywide founder agrees to give up $37.5m pay-off deal: Angelo Mozilo, whose chairmanship of the ailing mortgage lender Countrywide Financial has made him the face of the US foreclosure crisis, has agreed to forfeit a $37.5m (18.9m) severance package that had sparked political fury. The 69-year-old, who founded Countrywide in 1969, is due to be hauled...; Articles 2008-01-29
Countrywide chief to get Pounds 115m pay-off: Angelo Mozilo, chief executive of America's largest mortgage lender, Countrywide Financial, could walk away from the near- bankrupt company with a pay-off of $115m (59m) following its rescue by Bank of America. The 69-year-old, who founded Countrywide in 1969, was one of the most recognisable faces of...; Articles 2008-01-12
Statement by SEIU International President Andy Stern on Countrywide CEO Mozilo's 'Golden Parachute': To: BUSINESS EDITORS Contact: Michelle Ringuette, +1-202-730-7234, or Lynda Tran, +1-202-907-1172, both of SEIU International WASHINGTON, Jan. 11 /PRNewswire-USNewswire/ -- Today'sannouncement that Countrywide CEO Angelo Mozilo will receive aseverance package totaling $115 million -- including free rides onthe company jet and his country club bills paid up until 2011...; Articles 2008-01-11
Executive compensation: EXECUTIVE COMPENSATIONRanked by total company compensation Executive (Ranking in 2006) Total Company * name ...; Articles 2007-12-28
More suits: More Suits: Angelo Mozilo, the chief executive of Countrywide Financial Corp., was sued by the New England Teamsters and Trucking Industry Pension Fund. The suit accused the company of helping executives pocket improper gains by artificially inflating its stock price through share buybacks. The suit accused Mozilo, other executives and...; Articles 2007-11-05
Audience rolls eyes at Mozilo's remarks: ANGELO Mozilo, chairman and chief executive of troubled Calabasas-based lending giant Countrywide Financial Corp., was quick to spread the blame last week for the subprime crisis and resulting credit crunch that has gripped the mortgage industry in recent months. "It took a village to do this. It wasn't...; Articles 2007-11-05

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