And no, I’m not talking about the acquittal of Sean Bell’s killers. We all know the only thing cops can’t get away with in this city is sodomizing suspects after they’ve been arrested. That’s a no-no (prior to the arrest: go nuts). I’m talking about Angelo Mozilo, and the gross injustice that was his compensation for 2007. The Lord of Orange’s pay fell forty nine percent to $22.1 million, from $43 million in 2006. Before you start crowing about how he’s lucky Countrywide paid him at all, just realize that this is going to come back to bite CFC and its shareholders in the ass. It’s a well-known fact that several times a year, Mozilo likes to round up a few thousand Countrywide staffers, heads out to a cattle ranch in Montana, and throws upwards of $500,000 in small bills out the window CFC’s G4, then watches in delight as the lucky employees pick up and return every last dollar. Moz has always bore the cost of the event. Now, it’s going to come out of Countrywide’s pocket.
A Losing Year at Countrywide, but Not for Chief [NYT]
Posted by guest , Apr 25, 2008 12:03PM
I really feel sorry for the Ollie Girls at Sunset Tan. I doubt he'll be in as much to see them.
Thadius R. Rogers
Financier/Evaluator of Talent
Posted by guest , Apr 25, 2008 12:08PM
cool...
Posted by guest , Apr 25, 2008 12:18PM
Moz deserves more. He sold his dog to BofA. Probably his best ever coup. It's not too hard to hoodwink BofA, ok. But he did it. So pay the man.
Posted by guest , Apr 25, 2008 12:23PM
Any word on whether or not Moz is paying for his own tanning or has that been put on BofA also?
Posted by guest , Apr 25, 2008 12:25PM
@TRR
Come on, no offer to assist these fine, yet I'm sure struggling, young women??? Are you losing your sex drive or just your mojo?
Posted by guest , Apr 25, 2008 12:26PM
Mozilo is scum, preying on all of these people who dont know any better to inflate his own profits. BOFA is gonna make a killing in the long term on this deal, wouldnt say they are getting hoodwinked at all. Have you ever heard of a market correction? Talk to me in 2015 when they are making BILLIONS off of home loans a year
Posted by guest , Apr 25, 2008 12:44PM
I will assist the Ollie girls in every way I can once their loser bosses fire them because of the loss in revenue from his Orangeness not coming in as much. I am also happy to spray on that orange gunk to any hot young female Sunset Tan customers who want to know what 'personal service' really means. And, as always, I am still willing to get behind all unemployed hot young investment banking and other smart finance girls. My charity really knows no bounds to you all.
Thadius R. Rogers
Financier/Evaluator of Talent
Posted by guest , Apr 25, 2008 2:42PM
@12:26 the irony is, Moz was the standard bearer of every liberal democrat congressman begging for financial services industry to extend credit to the hispanic market and every other no credit / poor credit market segment out there and for god sake stop discriminating against these people they wants houses and will pay you back, honest!
Posted by guest , Apr 28, 2008 4:45AM
I come for the financial commentary, I stay for the Thadius.