Is the Countrywide Board Voting With Its Feet?Countrywide BoardIt is true that the timing of his departure was ominious with the earnings release, but I think the CEO might have misjudged the market. After the earnings release Countrywide ended up getting one of their best stock price increases in...
Remember that song from Queen, "Another One Bites The Dust?" What a perfect soundtrack for the story of all the financial institutions going belly up. Countrywide. Bear Stearns. Fannnie Mae and Freddie Mac. Then, last week, the Federal Reserve Board announced it would...
At the recent Annual Meeting of the Canadian Pork Council CPC, Mr. Jurgen Preugschas received the country-wide support of his peers, and will lead the charge for the Canadian pork industry throughout the upcoming year. Mr. Preugschas, a hog producer from Mayerthorpe, Alberta, expressed his gratitude for being...
Births St. Francis John Koch III and Jill Foster-Koch, Topeka, girl, July 4 Stormont-Vail Jeremy and Jenny Fitzgerald, Topeka, girl, July 2 Joseph and Cassie Boyette, Ozawkie, girl, July 2 ...
Births St. Francis John Koch III and Jill Foster-Koch, Topeka, girl, July 4 Stormont-Vail Jeremy and Jenny Fitzgerald, Topeka, girl, July 2 Joseph and Cassie Boyette, Ozawkie, girl, July 2 ...
Births St. Francis Rico Ortega and Mariko Metzger, Topeka, girl, June 30. Stormont-Vail Eric and Christy Conley, Hoyt, boy, July 1 Jason and Angelena Krystofosky-Ryckert, Topeka, boy, July 1. ...
The law firm of Bernstein Litowitz Berger &Grossmann LLP ("BLB&G") was once again given top rankings in the field ofplaintiff securities litigation by both Chambers and Partners' ("Chambers")2008 Guide to America's Leading Lawyers for Business and the Legal 500United States ("Legal 500"). Chambers awarded the firm the highest...
NYU Course New York University's Real Estate Institute REI offers the current 45-hour real estate salesperson's course and, as of July 2008, will offer the new 75-hour course. In addition, NYU REI will have a complete range of courses to help current brokers and salespeople...
Mortgage Industry Experts to Help Company Improve Servicer and Homeowner Communications SALT LAKE CITY -- Titanium Solutions, Inc., a leading provider of homeowner contacting and consulting services, announced the appointments of Alice Radgowski, Eric Fleisher and Robert Thomson as customer relations managers. In their positions,...
When Barack Obama enlisted Washington insider Jim Johnson to vet potential running mates, the last thing his campaign expected was that Johnson himself would become an embarrassment. A former aide to Vice President Walter Mondale, Johnson has since had a lucrative business career that involved him, at least...
Bernstein Litowitz Berger & Grossmann LLPtoday announced that it has filed a securities class action lawsuit againstAmerican International Group, Inc. ("AIG" or the "Company") (NYSE: AIG) andcertain senior executives in the Southern District of New York on behalf ofOntario Teachers' Pension Plan Board ("Ontario Teachers") and similarlysituated investors...
WASHINGTON AFP — Republicans launched a scathing attack on Barack Obama Monday for alleged hypocrisy after the Democratic White House contender took on John McCain over the US housing crisis. McCain's campaign and the Republican National Committee RNC fastened on a Wall Street Journal report that...
Governance gurus weigh in on boardroom brouhaha at the troubled mortgage lender. Just four years ago, Countrywide, and its cofounding CEO, Angelo Mozilo, seemed positively prescient. Quickly seizing on the popularity of adjustable rate mortgages in 2004, the firm came up with a smorgasbord of new...
[ILLUSTRATION OMITTED] "THIS ECONOMIC DOWNTURN IS AFFECTING more people than just those who have the least among us, and that's what is making everybody so uncomfortable," says Jessica Gordon Nembhard, assistant professor and economist at the University of Maryland, College Park, and a member of...
Hirings, promotions and other moves at local businesses ARCHITECTURE Irvine-based KTGY Group Inc. named Keith Labus and Ken Ryan shareholders. Labus has been with the company since 2002 with planning and design experience in affordable-housing projects. Ryan currently heads the company's community planning and urban design studio...
Nichols Kaster & Anderson suedCountrywide this week for wage andhour violations under California laws and the Fair Labor Standards ActFLSA. Plaintiff filed the lawsuit in the United States District Court forthe Northern District of California. Samson Lew represents current andformer employees who worked at Countrywide branches around California.The...
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...
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...
Tom Lehner, the director of public policy for the Business Roundtable, relates a conversation he had recently with the CEO of a Fortune 500 company, who he declines to name. The CEO's company, like 350 others, received a letter from the U.S. Securities and...
PMPA announces new member . Maryrose Fison Praxis has joined the Professional Mortgage Packagers Alliance, bringing the organisation's membership to 15. Praxis, which was set up in 1994, offers first charge mortgage loans, secured loans and commercial...
Articles 2008-03-20
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