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Angelo Mozilo, chairman and chief executive of Countrywide Financial (CFC), managed to keep his finger off the sell button for a couple of day.
But his continued faith in his company’s fortunes was further demonstrated Thursday, when he dumped another 46,000 shares at $35.63, for proceeds of $1.64 million (see earlier coverage). For those playing at home and keeping score, that brings his total dumpage since Feb. 1 to 928,000 shares for $36.9 million.
Word is that this latest disgorgement was a sort-of margin call: his tanning salon demanded payment.
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