Allen Sloan

Countrywide’s Mozilo Gives Up $37.5 Million; 'American Morning' Still Complains

By Jeff Poor | January 28, 2008 - 18:07

In a class-warfare driven media, where the "haves" are often pitted against "have-nots," you would think an outgoing CEO giving up $37.5 million in pay would be celebrated.

Not quite. CNN's "American Morning" didn't think it was quite good enough when Countrywide Financial's Angelo Mozilo forfeited $37.5 million in severance pay because he said he felt it was the "right thing to do."

"It's another disconnect with Main Street," "American Morning" anchor Kiran Chetry said Jan. 28, 2008. "Because most people don't get rewarded when things go wrong at their job, and this is what we see with these CEOs."

"Over and over and over again," CNN's personal finance editor Gerri Willis added.