The top two executives of Countrywide Credit Industries each earned more than $3 million in cash compensation last year as the company firmed up its leadership of the mortgage industry.

David S. Loeb, chairman and president, was paid $3,063,461 in salary and bonus in the fiscal year ended Feb. 28, 1994, up 15% from the previous year, according to the company's recently released proxy statement.

Limited Time Offer

Save $400 off your subscription. Special offer ends April 30, 2017.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.