Countrywide’s Mozilo: $65 Million for Four Months Work

CALABASAS, Calif. – Angelo Mozilo, the co-founder and CEO of mortgage banking giant Countrywide Financial Corp., earned a quick $1.3 million Monday with the exercise of 46,000 Countrywide options at $10.89 each, then the sale of the shares at $38.45 each. Mozilo, one of the highest paid corporate executives in the country, has earned $55 million so far this year through the exercise of options, and at least $10 million more from his paid compensation, according to filings with the Securities and Exchange Commission. The 68-year-old mortgage kingpin is well on his way to topping his compensation last year when he brought home $127 million. That included paid compensation of $48 million, net realized gains on the exercise of options of $72 million, and $7 million on the vesting of restricted stock awards. The year before, 2005, Mozilo took home $150 million.