What CEO is worth $120 million? Under the category of the rich git richer –
From CNN.com:
Countrywide Financial Corp. said Chief Executive Angelo Mozilo received $121.85 million in compensation and gains from the exercise of options and vesting of stock awards in 2006, while shares in the largest U.S. mortgage lender rose 24 percent.
The Calabasas, California-based company disclosed the awards in its proxy filing Friday with the U.S. Securities and Exchange Commission. It also urged shareholders to reject a proposal at its upcoming June 13 annual meeting to give stockholders a say over executive pay levels.
