The former CEO of Countrywide Financial Corp. turned an obscure little company into one of the country's biggest mortgage providers. Unfortunately, that put him at the top of the subprime-mortgage bubble that began to burst in 2007. Mozilo testified about the subprime ordeal before the Congressional Committee on Oversight and Government Reform in March 2008, and voluntarily forwent $37.5 million in severance pay, as well as an annual $400,000 "consulting fee." But when Bank of America Corp. bought the struggling Countrywide, Mozilo still took home about $44 million on top of the $140 million in Countrywide stock he sold off during 2006-7.
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