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Angelo Mozilo Chosen # 2 Worst CEO

Discussion in 'General Real Estate and Real Estate Finance' started by nauthead, May 4, 2009.

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  1. nauthead

    nauthead Senior Member

    15
    Nov 26, 2004
    Professional Status:
    Certified General Appraiser
    State:
    Florida
    Personally I would have voted him # 1.

    "Meet the man who made subprime a household word. Once a symbol of self-made accomplishment—a butcher’s son who built the largest mortgage lender in the country—Mozilo became blinded by success and began going after the riskiest and most unsavory of borrowers to boost his company’s market share. In doing so, he legitimized a sector that would ultimately bring down the economy".


    http://www.cnbc.com/id/30502091?slide=20
     
  2. Caligirl

    Caligirl Senior Member

    0
    Jan 27, 2006
    Professional Status:
    Certified General Appraiser
    State:
    California
    But... but... only a few years ago he was one of the '100 Most Influential' people in Real Estate!!!!
     
  3. Terrel L. Shields

    Terrel L. Shields Elite Member
    Gold Supporting Member

    302
    May 2, 2002
    Professional Status:
    Certified General Appraiser
    State:
    Arkansas
    Allow me to modify the following with my opinion.....
    I believe this would be more accurate…
     
  4. Caligirl

    Caligirl Senior Member

    0
    Jan 27, 2006
    Professional Status:
    Certified General Appraiser
    State:
    California
    They left out the numerous employment lawsuits against Countrywide. Help boost volume and profits by breaking labor laws and taking advantage of your employees! For example, listen in on their phone conversations with potential clients, and deduct money from their paychecks if they don't follow the script perfectly. They could work faster, too, if they aren't allowed to eat lunch. <barf emoticon>
     
  5. Karl

    Karl Elite Member

    0
    Jan 15, 2002
    Professional Status:
    Licensed Appraiser
    State:
    Arizona
    Wait till those employees even those at the top, turn on him in court. This is going to get really dirty!!!
     
  6. GCJim

    GCJim Senior Member

    0
    Dec 11, 2007
    Professional Status:
    Certified General Appraiser
    State:
    New Jersey
    I CANNOT freakin' WAIT!!!
     
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