Securities Law Prof Blog

Editor: Eric C. Chaffee
Univ. of Toledo College of Law

Friday, April 25, 2008

Countrywide's CEO Does Well

Countrywide Financial's CEO Angelo Mazilo made $121.5 million in 2007 from exercising stock options under a Rule 10b5-1 plan.  He also received $22.1 million in compensation -- $1.9 million in salary, $20 million in stock and option awards, no bonus.  Countrywide, in contrast, lost $704 million, and its shares declined 79%.  NYTimes, A Losing Year at Countrywide, but Not for Chief.

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