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RErevealed is written by Benn & Lani Rosales of Austin, Texas (jealous? Austin is pretty awesome). Benn is the Founder of Agent Genius, online real estate magazine, and Lani is the New Media Director. This site is designed to reveal and rereveal the realities of social media in an attempt to overcome the industry standard of fluff writing and lofty, pointless theory. So let's get down to the nitty gritty, shall we?

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Here, you'll learn not only what social media is and how it works but the ever crucial (and often overlooked) why element of social media. We apply a sociological and anthropological lens to new media and help you filter out the junk (like when we pick peas out of our rice).

Mozilo Gives Up Severance Pay

moziloIn the “best interest” of the company and shareholders, Mozilo walks away from a $36.4 million (cash) severance package. Crazy, you ask? Nah- he’s still eligible for insane retirement benefits and compensation totaling $40 million, he’s a considerable stockholder and don’t worry, he still gets to use the company jet and gym (and probably the tanning bed with the oompa-loompa-orange bulbs).

But should he have walked away? I think most people would, especially given that he’ll still easily afford an entourage, driver and skinny chicks feeding him grapes by the pool. But would I have given up that severance package? No way- even though he made Countrywide the mega-lender it has become, history has already written him off as a bad guy and made him the fall guy for the debacle at Countrywide (and the mortgage industry as a whole), so why not? He did his job! Silly Mozilo- you should’ve taken the money and bought an island in Fiji to quietly slip into retirement!

Source- The Real Estate Bloggers

6 Responses to “Mozilo Gives Up Severance Pay”

  1. Vicki Moore Says:

    I’m looking at this guy’s picture thinking is that really his skin color - $36 million - uh-huh - he looks weird - considerable stockholder - uh-huh. …”probably the tanning bed with the oompa-loompa-orange bulbs.” I laughed so loud I startled everyone.

  2. lani Says:

    i serve to entertain you my dear :)

    Benn pointed out he must have the same disorder michael jackson has, so i can only make *so* much fun.

  3. Vicki Moore Says:

    He can take it. He swims with the big fishes.

  4. lani Says:

    I think he IS the big fishes!

  5. Kansas City Real Estate Says:

    Mozila should have spent less time on CNBC and more time running Countrywide. Maybe he thought that Countrywide sold tan-in-a-can and was trying to keep them in business by using as much as humanly possible. Unfortunately they are in the business of making loans…I am not sure if that Umpa Lumpa was aware of that or not?

  6. Long Beach real estate Says:

    I would be happy to receive the $36 Million dollars…if someone can just wire transfer the money, I will use it wisely…lol

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