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Money magazine asked several financial experts: What are you doing with your own portfolio in the wake of the financial crisis? More
Former executives are flocking to the vineyards of Napa Valley, where they're vying to produce the next cult California red. More
Installing surveillance cameras to keep an eye on the staff can help business owners boost profits and pinpoint problems. More
Angelo Mozilo has already heard from lawmakers about the level of his compensation as the CEO of Countrywide Financial Corp.
Mozilo reportedly stood to collect a windfall of $115 million dollars after his firm agreed in January to a yet-to-be completed $4 billion sale to Bank of America. But after facing heavy criticism from lawmakers, including Sen. Hillary Clinton, Mozilo said he would forfeit $37.5 million in payments tied to the deal.
In January, Sen. Charles Schumer and Rep. Barney Frank, both openly criticized Mozilo's compensation as Countrywide became a symbol of the subprime mortgage crisis.
"Mr. Mozilo could display some goodwill by donating any severance pay he stands to receive to the nonprofit housing counselors trying to prevent foreclosures," Schumer said in a statement.
In 2006, Mozilo took home $42.9 million in compensation.
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