A stockholder proposal critical of Countrywide's executive compensation policies received a surprisingly strong 43% support at Countrywide Financial Corp.'s annual meeting June 14.The American Federation of State, County and Municipal Employees Pension Plan said chairman and chief executive Angelo Mozilo's 2005 total compensation, which the union pegged at $160 million (including stock options), accounted for 6% of Countrywide's net income. "It is time that shareholders are given a say on whether this type of compensation is in anyone's best interests but Mr. Mozilo's," said AFSCME president Gerald McEntee. Countrywide can be found on the Web at http://www.countrywide.com.
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