Countrywide CEO Waives Massive Severance Package

January 28, 2008 – 6:38 am

One of the more colorful characters in the ongoing subprime drama has given in to pressure and announced that he will forfeit about $37.5 million in severance pay and perks that were to accompany his retirement.

Angelo Mozilo, CEO of Countrywide Financial Corporation was scheduled to receive...

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