Stories tagged with Countrywide
$70 million severance for Countrywide’s Mozilo?
By Gary Jacobson | January 11, 2008 at 10:36am | 0 
Countrywide Financial is being swallowed by Bank of America, but don’t cry for Angelo Mozilo, Countrywide’s embattled CEO.
The butcher’s son from the Bronx who founded Countrywide in 1969 could walk away from the deal with $70 million or so, according to The New York Times.
Directors stay the course at Washington Mutual
By Gary Jacobson | December 29, 2007 at 8:53am | 3
Difficult times for a company mean difficult times for its board of directors.
And these certainly are difficult times for Washington Mutual, the nation’s largest savings and loan.
Because of losses related to subprime mortgage lending, the Seattle-based firm has closed operations, cut jobs, slashed its dividend, and watched the price of its stock plummet to its lowest level in more than 11 years, closing Friday at $13.07.
Henry Cisneros, Madonna and the Big O
By Gary Jacobson | October 19, 2007 at 12:02pm | 0
The former secretary of the Department of Housing and Urban Development makes a lot more money on the board of Countrywide Financial, the giant mortgage lender, but he must be having more fun at Live Nation, the concert promoter and entertainment company.
Especially now during the mortgage meltdown.
Countrywide’s self-made men
By Gary Jacobson | July 27, 2007 at 9:19pm | 1
Angelo Mozilo, who made news this week with his startlingly candid assessment of the nation’s housing market, is a self-made man.
To pay tuition when he attended Catholic high school, he got a job with a mortgage company during the week and continued to work in his father’s Bronx butcher shop on the weekends, according to his biography with The Horatio Alger Association.
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