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Countrywide Rewards

Posted on May 28, 2010.
Countrywide RewardsWhy former CEO of Countrywide receive a $ 62 million starting after causing the company to fail?

Countrywide was the top of the stack as they acquired residential mortgage loans from other mortgage lenders.

As CEO, why did he allow the institution to purchase bad mortgage flagrant small lenders just look good on paper? Also, why was he rewarded?

It is a criminal. He has engaged in unethical practices or if some employees allege. Is it not obvious who support Republicans? The Democrats would not allow that to happen (MNE real).

The same reason, the new WaMu CEO got 15 million after 18 days of work.

The Republic is dead plutocracy has succeeded.

This is called a golden parachute. Basically, it's in his contract and the company was legally obligated to pay.

He had a contract with his employer. Are you a shareholder and did you vote for your board of directors that has given its bottle?

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