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Angelo Mozilo became the Chairman of the board and Chief Executive Officer of Countrywide Financial until July 1, 2008.
Condé Nast Portfolio ranked Mozilo second on their list of "Worst American CEOs of All Time."
Mozilo is the son of a butcher from the Bronx and he was born in New York City. He was able to graduate from Fordham University with a Bachelor of Science degree in the year 1960. In 1969, he was able to set up a mortgage lender company called Countrywide Credit Industries with his past mentor David S. Loeb. They eventually moved their headquarters to Los Angeles County in Calabasas, California. Loeb and Mozilo eventually co-founded the IndyMac Bank as an investment of Countrywide Mortgage before it got spun-off as an independent bank in the year 1997. However, on July 11, 2008, IndyMac collapsed and got seized by the federal regulators.
Earnings & Financial Data
|
Date |
Category |
Description |
Amount |
|---|---|---|---|
|
2011 |
Sale of Asset |
Selling price of Angelo Mozilo's 6,238-square-foot mansion in Thousand Oaks, California |
$3,400,000 |
|
2010 |
Sale of Asset |
Sale of Angelo Mozilo's large house in the wealthy Los Angeles suburb of La Cañada Flintridge |
$2,500,000 |
|
2008 |
Earnings |
Total compensation of Angelo Mozilo as the chief executive of Countrywide Financial from the year 2000 to 2008 |
$521,500,000 |
|
2008 |
Asset |
Stock and option awards of Angelo Mozilo as the chief executive of Countrywide Financial for the year 2008 |
$121,500,000 |
|
2008 |
Earnings |
Salary and bonus of Angelo Mozilo as the chief executive of Countrywide Financial for the year 2008 |
$10,800,000 |
|
2008 |
Earnings |
Annual compensation of Angelo Mozilo as the chief executive of Countrywide Financial for the year 2008 |
$132,000,000 |
|
2008 |
Sale of Asset |
Sale of Angelo Mozilo's residence in the upscale coastal community of Santa Barbara, California |
$9,000,000 |
|
2007 |
Sale of Asset |
Sale of Angelo Mozilo's stock in Countrywide |
$140,000,000 |
|
2007 |
Others |
Other compensation Angelo Mozilo as the chief executive of Countrywide Financial that includes the use of the company aircraft, country club fees and automobile use for the year 2007 |
$176,510 |
|
2007 |
Asset |
Stock and option awards of Angelo Mozilo as the chief executive of Countrywide Financial for the year 2007 |
$20,000,000 |
|
2007 |
Salary |
Annual salary of Angelo Mozilo as the chief executive of Countrywide Financial for the year 2007 |
$1,900,000 |
|
2007 |
Earnings |
Annual compensation of Angelo Mozilo as the chief executive of Countrywide Financial for the year 2007 |
$22,100,000 |
|
2006 |
Earnings |
Salary, bonuses and stock-based compensation of Angelo Mozilo as the chief executive of Countrywide Financial for the year 2006 |
$48,100,000 |
|
2006 |
Earnings |
Net value of exercised options for the year 2006 |
$72,200,000 |
|
2006 |
Bonus |
Bonus of Angelo Mozilo as the chief executive of Countrywide Financial for the year 2006 |
$20,460,000 |
|
2006 |
Asset |
Stock and option awards of Angelo Mozilo as the chief executive of Countrywide Financial for the year 2006 |
$24,100,000 |
|
2006 |
Others |
Value of company-paid perks, such as country club memberships and personal travel on the company jet for the year 2006 |
$643,210 |
|
2006 |
Salary |
Annual salary of Angelo Mozilo as the chief executive of Countrywide Financial for the year 2006 |
$2,860,000 |
|
2006 |
Earnings |
Annual compensation of Angelo Mozilo as the chief executive of Countrywide Financial for the year 2006 |
$43,000,000 |
|
2005 |
Bonus |
Bonus of Angelo Mozilo as the chief executive of Countrywide Financial for the year 2005 |
$19,890,000 |
|
2005 |
Others |
Other compensation of Angelo Mozilo as the chief executive of Countrywide Financial that includes the use of the company aircraft, country club fees and automobile use for the year 2005 |
$437,000 |
|
2005 |
Asset |
Stock and option awards of Angelo Mozilo as the chief executive of Countrywide Financial for the year 2005 |
$34,360,000 |
|
2005 |
Salary |
Annual salary of Angelo Mozilo as the chief executive of Countrywide Financial for the year 2005 |
$2,270,000 |
|
2005 |
Earnings |
Annual compensation of Angelo Mozilo as the chief executive of Countrywide Financial for the year 2005 |
$56,960,000 |
|
1993 |
Asset |
Purchase value of Angelo Mozilo's large house in the wealthy Los Angeles suburb of La Cañada Flintridge |
$875,000 |