Comments on: Report: Countrywide CEO Cashed Out
LA Times: Angelo Mozilo Cashed In $138 Million In Options Before Crash
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- EXPOSE THE FRAUD AND CORRUPTION !!!! No wonder they''re Fees are so High, its nothing to do with the actual cost of a mortage, its about the CEOs EXCESSIVE Pay and Benefits Package you all are paying for and they''re many, many other PERKS that you end up paying for !! Nice Huh,But, was he really worth the money is the Question ??? I think NOT !!!!!!
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- "Hundreds of executives use similar trading plans, approved by federal regulators in 2000 as a way to defend against insider trading allegations."
As I knew back when they did it in the wake of Enron, the federal regulators end corruption by declaring it legal. So much for Reagan''s "trickle down" BS... - Reply to this comment
- When will people wake up and realize that this is not just one or a few crooked CEOs? It''s the whole system. CEOs should be paid a salary, and a cash bonus depending on their performance. Instead they''re given stock options, so that they''re more focused on short-term quarterly performance which affect stock prices rather than the long-term health of the company. And what happens when things go bad? They cash out before the stock tanks, make a boatload of money, get out and leave the company to crash and burn.
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- Only in America..........
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- my my my said the spider to the fly...
Don''t worry- it''s trickling down to the common folk:
Angelo Mozilo Donated:
ROMNEY FOR PRESIDENT INC. $2,300 03/23/07
RUDY GIULIANI PRESIDENTIAL COMMITTEE INC. $2,300 06/19/2007 - Reply to this comment
- The question is whether the BOD knew and asked why he was changing the plan so often.
The entire management probably knew for a year that there were serious problems and that their personal compensation plans were going to come to an end.
He made his. Anyone invested in them (most of us with mutual funds) lost. - Reply to this comment
I sure hate to see that. Mozilo was one CEO for whom I had some admiration. He built that company from a little storefront and guided it though the 1980''s-era S&L crisis. He was committed to home ownership for the middle class. I''d sure hate it if this proves to be his downfall.- Reply to this comment
- Use Michael Vick''s dogs to track him down.
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- Once again companies and consumers get taken to the cleaner by greeeeedy CEOs. What a scumbag.
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- lastdance2, afmca, walt1944,
Great posts! - Reply to this comment
Gen. Ray Odierno, head of multinational forces in Iraq, on progress there and plans for Afghanistan.
