1. QUOTE from:
    Advice for Mozilo pay was ignored
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    A Towers Perrin spokesman denied that England served as an advocate for Mozilo. "As a matter of policy, Towers Perrin is engaged for executive compensation consulting assignments by a company, either its management or the board or both, but not an individual executive ... Countrywide Financial engaged Towers Perrin and Towers Perrin neither represented nor acted as a personal advocate for Mr. Mozilo." The committee report also raised questions about changes Mozilo had made to his stock trading plan. Full Article at Los Angeles Times
    As a matter of policy, Towers Perrin is engaged for executive compensation consulting assignments by a company, either its management or the board or both, but not an individual executive ... Countrywide Financial engaged Towers Perrin and Towers Perrin neither represented nor acted as a personal advocate for Mr. Mozilo.
    SOURCE: Los Angeles Times 20 months ago
All quotes from:
Advice for Mozilo pay was ignored
  1. There's an element of Greek tragedy
    SOURCE: Los Angeles Times 20 months ago
  2. It's hard to know why we're rewarding failure.
    SOURCE: Los Angeles Times 20 months ago
  3. We're trying to understand why these three gentlemen should collectively walk away with hundreds of millions of dollars while their companies are losing billions
    SOURCE: Los Angeles Times 20 months ago
  4. I think he sincerely wanted every American who wanted a home to have one. . . . But he was quite willing to do it in as reckless a fashion as necessary.
    SOURCE: Los Angeles Times 20 months ago
  5. 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
  6. My primary unhappiness with what the board has put forth is that it lowers your maximum opportunity significantly
    SOURCE: Los Angeles Times 20 months ago

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