Mr. Mozilo's Brillo

I am extremely disappointed in the CEO of Countrywide, Mr. Angelo R. Mozilo, forfeited his paltry $37.5 million severance package. If not for Mr. Mozilo’s strong command, Bank of America would never have been provided such a sweet purchase price and opportunity to expand it’s own indulgence towards financial crises. To charge a CEO with a character of unethical greed is preposterous if not out right blasphemous. A CEO is not some low level rogue trader amassing losses of almost $ 8 billion. Mr. Mozilo, was doing the appropriate thing in showing investors that he paved a solid concrete path while setting the foundation for future capital gains and corporate growth. Just think of all the new opportunities for investors and employees that he has brought forth. It is a cowardly move to cave to criticism such as this. I thought it was a nice prepared statement but am disappointed that true grit does not exist in this fellow CEOs character. He will be admonished and his fanny snapped many times in the country club locker room this weekend. Shame!

CD