Monday, January 28, 2008

A little slice of justice

The CEO of Countrywide, a defunct sub-prime lender that is being bought out by Bank of America, is declining his severance pay of $37.5 million. It's refreshing to see someone in the business world willing to do without their golden parachute. (Click)
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2 comments:

Anonymous said...

What I want to know is where is that $37 million going? Surely not to charity....?

January 29, 2008 at 4:35 AM
Fousty said...

True True. At least it is not going into his pockets.

January 29, 2008 at 11:09 AM

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