cohenbarryj

Countrywide Financial: Mozilo Continues to Dump Shares

Is it 12 (b)-5 selling ? If so this has been going on for I believe more than three (3) years. Kinda the corporate version of a reverse DRIP program. Don't get me wrong, would like to see some cash purchase from all of these senior managers that tell investors how wonderful things are and how misunderstood the value of the company is (i.e. cheap). Maybe instead of options grants, Boards of Directors shoudl pay people in cash but make them buy shares in the open market with a certain percentage of the pay/bonus. This way we (shareholders) would see the 1) less dilution, 2) the real cost associated with ownership (compensation expense) and executives would be really tied to shares.