Countrywide CEO got $22.1 million in 2007 compensation
LOS ANGELES (AP) — Countrywide Financial Corp. CEO Angelo Mozilo received a compensation package last year valued at more than $22.1 million, a sharp pay cut for the beleaguered mortgage lender’s longtime chief, according to an analysis of a regulatory filing.
But the pay package was a fraction of the $121.5 million in stock options Mozilo cashed out in 2007, a year Countrywide posted a loss of over $700 million dollars and saw its stock fall 80 percent from its peak.
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