{"id":4580,"date":"2008-03-12T15:45:46","date_gmt":"2008-03-12T15:45:46","guid":{"rendered":"https:\/\/www.stockbrokerfraudblog.com\/2008\/03\/countrywide_financial_merrill"},"modified":"2022-03-28T14:19:31","modified_gmt":"2022-03-28T19:19:31","slug":"countrywide-financial-merrill","status":"publish","type":"post","link":"https:\/\/www.investorlawyers.com\/blog\/countrywide-financial-merrill\/","title":{"rendered":"Countrywide Financial, Merrill Lynch, and Citigroup Executives Defend Their Hefty Compensations Following Subprime Mortgage Crisis"},"content":{"rendered":"

\t\t\t\tAppearing before the U.S. Congress last week, Countrywide Financial CEO and founder Angelo Mozilo, Ex-Citigroup CEO Charles Prince, and Ex-Merrill Lynch Chairman and CEO Stanley O’Neil gave their testimonies to the House Committee on Government and Oversight Reform. <\/p>\n

The three men say that reports about their compensation are “grossly exaggerated” and that they too have lost millions of dollars from the mortgage debacle. On Thursday, the Congressional issued a report stating that the three men earned $460 million between 2002 and 2006. <\/p>\n

All three men say their income from the firms are tied to the profits that the companies made in the years prior to the mortgage crisis and that their company stock has dropped dramatically since then.<\/p>\n

Continue Reading \u203a<\/a><\/div>\n","protected":false},"excerpt":{"rendered":"

Appearing before the U.S. Congress last week, Countrywide Financial CEO and founder Angelo Mozilo, Ex-Citigroup CEO Charles Prince, and Ex-Merrill Lynch Chairman and CEO Stanley O’Neil gave their testimonies to the House Committee on Government and Oversight Reform. The three men say that reports about their compensation are “grossly exaggerated” and that they too have […]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":""},"categories":[3820,3868,3787,3864],"tags":[],"class_list":["post-4580","post","type-post","status-publish","format-standard","hentry","category-citigroup","category-countrywide-financial","category-morgan-stanley","category-subprime-mortgage"],"yoast_head":"\nCountrywide Financial, Merrill Lynch, and Citigroup Executives Defend Their Hefty Compensations Following Subprime Mortgage Crisis — Investor Lawyers Blog — March 12, 2008<\/title>\n<meta name=\"description\" content=\"Appearing before the U.S. Congress last week, Countrywide Financial CEO and founder Angelo Mozilo, Ex-Citigroup CEO Charles Prince, and Ex-Merrill Lynch — March 12, 2008\" \/>\n<meta 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