Thursday, March 06, 2008
Corporate Accountability
Corporate Accountability
Committee Releases Memorandum on CEO Pay and the Mortgage Crisis
In advance of the Committee’s March 7 hearing, Chairman Waxman releases a staff memorandum examining the apparent breakdown between shareholder interests and the compensation and retirement benefits awarded to Countrywide CEO Angelo Mozilo, former Merrill Lynch CEO Stanley O’Neal, and former Citigroup CEO Charles Prince.
Documents and Links
Memorandum on CEO Pay and the Mortgage Crisis (2 MB)- Angelo Mozilo Compensation History (121 KB)
- Countrywide CEO Employment Agreement from Pearl Meyer & Partners (June 11, 2004) (125 KB)
- Revised Pay Proposal for Angelo Mozilo (September 19, 2006) (3 MB)
- E-mail from John England to Ron Zimmerman (September 28, 2006) (75 KB)
- E-mail from Angelo Mozilo to Susan Bow (October 15, 2006) (50 KB)
- E-mail from John England to Angelo Mozilo (October 4, 2006) (32 KB)
- Towers Perrin Proposal for Angelo Mozilo's Compensation (October 24, 2006) (1 MB)
- Countrywide Board Overview of 2006 Agreement (157 KB)
- E-mail Exchange Between Angelo Mozilo and John England (October 20, 2006) (45 KB)
- Countrywide Comparison of Mozilo Severance (46 KB)
- E-mail Exchange Between Mozilo and England (November 23, 2006) (117 KB)
- Countrywide E-mail Re: Mozilo ROE (November 17, 2006) (97 KB)
- Stanley O'Neal Compensation History (19 KB)
- ESO Holdings and Valuation (54 KB)
- Merrill Lynch E-mail Re: O'Neal Compensation Value (March 4, 2008) (148 KB)
- Merrill Lynch Definition of Cause (29 KB)
- Stanley O'Neal Draft Separation Agreement (October 27, 2007) (1 MB)
- Merrill Lynch Board Meeting Minutes (January 17, 2008) (2 MB)
- Charles Prince Compensation History (61 KB)
- Charles Prince Tally Sheet (113 KB)
- Citigroup Gross Misconduct Definition (41 KB)
- Preliminary Hearing Transcript (8 MB)
