Credit C.E.O. Comp Under Fire, V

Conde Nast Portfolio 20 months ago

Credit C.E.O. Comp Under Fire, V

It was certain to come up sooner or later. Enron was invoked by the committee chairman, Henry Waxman, in questioning Angelo Mozilo, chief executive of Countrywide Financial about his sales of stock. Full Article at Conde Nast Portfolio

Related Quotes

Appearance is not good if you are telling investors to buy stock at same time you are selling your own stock
SOURCE: Conde Nast Portfolio 20 months ago
I'd like to frame it the way it was. I started in 2004 -- I could have sold all the shares all at once. They were options I had held for more than 10 years and were expiring. There is absolutely no relationship between the buyback of stock and my sales.
SOURCE: Conde Nast Portfolio 20 months ago
Countrywide stock fell 90 percent since then... You were selling shares and borrowing money to buy stock back and keep the price up ... How did this help shareholders?
SOURCE: Conde Nast Portfolio 20 months ago
You came to a common number, and agreed on it.
SOURCE: Conde Nast Portfolio 20 months ago
With Enron, the executives were selling the stock, and they had knowledge that no one else had.
SOURCE: Conde Nast Portfolio 20 months ago
The buyback of stock went on for more than a year. The question was what to do with our capital. We came to a point where the company was exceedingly profitable and the buyback was designed to increase the return equity for our shareholders. Tthe purpose was to benefit the shareholders.
SOURCE: Conde Nast Portfolio 20 months ago
I have no reason to believe our board would think it inconsistent to sell stock while the company was doing a stock buyback
SOURCE: Conde Nast Portfolio 20 months ago
I received no bonus for 2007, no severance pay, no 'golden parachute.' The amount discussed in the press consisted mainly of deferred compensation, stock and options that I had earned during the years prior to 2007.
SOURCE: The Washington Post 20 months ago
His sins were so much smaller than the other people we’re talking about.
SOURCE: Dealbook 20 months ago
Internal e-mails show that the consultant appeared to serve as Mr. Mozilo's personal advisor with the goal of achieving 'maximum opportunity' for Mr. Mozilo ... appeared to heavily favor Mr. Mozilo.
SOURCE: Los Angeles Times 20 months ago

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