Posts Tagged ‘stock options’

Mozilo Charged; Ex-Countrywide CEO Committed Fraud Says SEC

Friday, June 5, 2009 15:19 1 Comment

Federal regulators  charged fmr. Countrywide CEO Angelo Mozilo with fraud on Thursday. Mr. Mozilo, along with the company’s former COO David Sambol and CFO Eric Sieracki.
Robert Khuzami, an enforcement officer with the SEC, alleges that the men “deliberately misled” Countrywide shareholders.
As the mortgage industry began to decline  in late 2006 and 2007, Mr. Mozilo cashed [...]

This was posted under category: BAC, Countrywide Tags: , , , , , , , , ,

Hartford CEO to Step Down Amid Heavy Losses

Thursday, June 4, 2009 10:44 1 Comment

Hartford (HIG) CEO Ramani Ayer will be stepping down from his position as the company’s Chief Executive. Ayer spent 10 years at the top of the struggling insurer and will be retiring at the end of the year amid record company losses and shareholder pressure.
In our 2009 forecast, we suggested that Hartford’s future looked the [...]

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