Angelo Mozilo
'World News' Trumps Up Severity of Former Countrywide CEO Civil Charge
June 5th, 2009 10:51 AM
Throughout 2008, Countrywide Financial, now owned by Bank of America (NYSE:BAC), was attacked as being culpable for the financial crisis. Adam Lashinsky of Fortune magazine, in an appearance on Fox News Channel's "Cavuto on Business" June 21, 2008, predicted the attacks "won't stop until they do a perp walk with Angelo Mozilo - the CEO of Countrywide." A year later, a report on ABC's June 4 "…
Countrywide’s Mozilo Gives Up $37.5 Million; 'American Morning' Stil
January 28th, 2008 5:07 PM
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…