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January 15, 2008

Countrywide meltdown

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Countrywide Financial Corp. may have crashed and burned in the subprime lending meltdown, with its investor Bank of America picking up the pieces, and its headquarters could be moved away from Calabasas, and the fate of its employees is uncertain, but its CEO will remain comfortably well-off no matter what.


Comments

Living the American Dream.
Your company goes in the toilet because of 'boutique' financing schemes, and the CEO walks away with half a billion.
I'm in the wrong buiness!

Posted by: Shaver One at January 15, 2008 12:43 PM

I'd be willing to screw up a major company for half that price!

Posted by: Steve Greenberg at January 15, 2008 05:05 PM
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