Countrywide’s Mozilo: $100 Million Pay for Eight Months Work

CALABASAS, Calif. – Even as shares in his company continue to slide, Countrywide Financial Corp. CEO Angelo Mozilo continues to milk his long-held options, earning him almost $100 million so far this year. Mozilo, the co-founder of the nation’s largest mortgage lender, exercised 92,000 options on Wednesday for $14.69 each, then sold the shares for $28.74, a one-day gain of $1.3 million, according to a filing with the Securities and Exchange Commission. The day before, Mozilo exercised 110,000 options for $9.94 each, then sold the shares for $28.06 each, a one-day profit of $2 million. Mozilo, who has taken home almost $350 million the last three years, has earned almost $95 million so far this year by exercising options.

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