Posted by Lisa Prestegard on 1/28/08 7:23am
Msg #232760

Interesting link to news article re: Countrywide

I sure wish I had this guy's retirement package

http://news.yahoo.com/s/ap/20080128/ap_on_bi_ge/countrywide_financial_ceo

Reply by Linda_H/FL on 1/28/08 8:49am
Msg #232781

I agree with this part...

"It would be best if Countrywide and Bank of America froze all of his compensation until a thorough inquiry could be completed as to exactly what happened at Countrywide"

Reply by jba/fl on 1/28/08 9:43am
Msg #232794

Re: I agree with this part...Me Too! n/m

Reply by JanetK_CA on 1/28/08 5:16pm
Msg #232881

Me too! But...

"Now, he'll leave with a pension plan and supplemental executive retirement plan that totaled $23.8 million as of December 2006, according to the most recent proxy statement the company filed with the Securities and Exchange Commission."

I wonder how all the former CW employees who have lost their jobs and are running out of unemployment benefits feel about this? And that's to say nothing of the homeowners who are having problems. (But that's a different issue.)