Layoffs Watch '08: Rebukes of (Mo') Hazard

Posted by Bess Levin, Feb 07, 2008, 2:55pm

mozilo.jpgA former Countrywide employee informs us that Capital Market layoffs began this morning, with a 30-35 percent reduction in CMBS and 10 percent on the RMBS sales/trading desk. Packages were predictably weak (approximately 3 months on average with bonus allocations from 2007 ranging from 40-60 percent of the prior year, plus one free pass to the Hollywood Tans of their choice), but surveyed to be "better than ML and CS" (and, one hopes, BoA). He didn't make mention of the larger issues-- specifically, being burdened with the task of finding a new employer who furnishes the office with tanning beds instead of desks, and generally, how it'll feel to no longer bask in the reflected glow of the big guy, but we'll check back in a few days, when the shock's worn off, and reality's set in. And by reality setting in, we mean the recognition that each and everyone one of them played a small part in the historic effort of rooking millions of homeowners and investors -- but the spoonful of sugar is that many deserved it. Good luck with your conscience. And the melonoma.

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Posted in: Countrywide, Layoffs

Comments

Posted by isiah, Feb 07, 2008 3:15PM

priceless.

Posted by anonymous, Feb 07, 2008 3:17PM

former KGB spy Alexander Litvinenko killed himself trying to tan like Mozillo. Aint no one matching that so don't even try...

Posted by , Feb 07, 2008 3:18PM

do they get free tickets to the show when MoMo gets frog-marched and gets some time in the slammer...?

d

Posted by MC No Pants, Feb 07, 2008 4:06PM

why is that dude's skin orange ?

Posted by Anonymous, Feb 07, 2008 4:15PM

@ 4;06

Because he is an oompa loompa, http://www.youtube.com/watch?v=t2NBn6Eg2AM

Posted by stu sugartits, Feb 07, 2008 5:40PM

you are all just jealous! that is a handsome man! You go girl!

Posted by , Feb 07, 2008 6:38PM

Country Commercial guys who started an internal group in 2003, per contract, had payment of their cumulative bonuses over a 5-year period deferred until December 2008. Brutal.

Posted by angelo, Feb 07, 2008 7:26PM

What will they do with the Oompa-Loompa tanning lamps ?

Posted by angelo, Feb 07, 2008 7:27PM

What will they do with the Oompa-Loompa tanning lamps ?

Posted by , Feb 07, 2008 9:00PM

Good lord 4:06 you are right. He looks exactly like a oompa loompa..in the Gene Wilder version of course

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