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Old 05-04-2009, 06:50 AM
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nauthead nauthead is offline
 
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Default Angelo Mozilo Chosen # 2 Worst CEO

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
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Old 05-04-2009, 09:32 AM
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But... but... only a few years ago he was one of the '100 Most Influential' people in Real Estate!!!!
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Old 05-04-2009, 09:36 AM
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Terrel L. Shields Terrel L. Shields is offline
 
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Allow me to modify the following with my opinion.....
Quote:
a butcher ’s son who built the largest scumbag mortgage lender in the country—Mozilo became blinded by success greed and began going after the riskiest and most unsavory of borrowers to boost his company’s market share with the help of his political cronies. In doing so, he legitimized a sector insured that crooked mortgage brokers and politicians that would ultimately bring down the economy".
I believe this would be more accurate…
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Old 05-04-2009, 09:42 AM
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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>
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Old 05-04-2009, 10:15 AM
Karl Karl is offline
 
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Wait till those employees even those at the top, turn on him in court. This is going to get really dirty!!!
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Old 05-04-2009, 11:34 AM
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Quote:
Originally Posted by Karl View Post
Wait till those employees even those at the top, turn on him in court. This is going to get really dirty!!!
I CANNOT freakin' WAIT!!!
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