COUNTRYWIDE FOUNDER COULD EARN OVER $100 MILLION FROM FIRM'S FAILURE

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ABC - Angelo Mozilo, the co-founder and public face of troubled mortgage
giant Countrywide, is eligible for tens if not hundreds of millions in
compensation and perks on the sale of the company to Bank of America.
During calendar 2006, the latest period available for review in
Securities and Exchange Commission filings, Mozilo took home $48.1
million in compensation. An early analysis of SEC filings by the Los
Angeles Times suggests he could get upward of $115 million when he
leaves after the sale is complete, despite the fact that the company
tanked during the recent subprime mortgage crisis. . .

http://abcnews.go.com/print?id=4121306

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