Pretty sweet gig…

April 25, 2008

The chart above marks the performance of a company whose CEO made $132mil last year on pay and stock sale. The company? None other than Countrywide Financial.

Here’s an excerpt from the article:

A securities filing shows Countrywide Financial Corp. CEO Angelo Mozilo earned some $10.8 million in total compensation and cashed out $121.5 million in stock options last year.

The compensation disclosed in the Securities and Exchange Commission filing released Thursday represents an 80 percent cut from the 70-year-old’s total pay in 2006 of about $51 million.

The Calabasas-based company reported a yearly loss in 2007 of $704 million amid the nationwide mortgage market meltdown.

Man, that’s a pretty sweet gig. Lose $51mil for the people you’re supposed to be working for, and make $130mil. I’ll take a job like that, where do I sign up??

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