CALABASAS, Calif. – Angelo Mozilo celebrated the new year like he did the old year–by cashing in some of his lucrative stock options. Mozilo who made more than $200 million over the last two years on his Countrywide options, realized almost $2.3 million in gains last Thursday when he exercised 70,000 options at just $9.60 each, then sold the shares for $42.22, according to a filing with the Securities and Exchange Commission. Mozilo earned almost $120 million in 2005 by exercising options, and another $85 million last year.
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