Born poor, now self-made billionaires-Angelo R Mozilo

ngelo R Mozilo was the co-founder and chief executive officer of Countrywide Financial until July 1, 2008. The 70-year old Mozilo started the company in 1969.

The company soon grew to become one of the biggest mortgage lenders in the US. Countrywide was listed on the New York Stock Exchange in 1984. They granted huge loans to borrowers without verifying their repayment abilities.

Promoting risky loans, the company played a crucial role in huge subprime mortgage crisis. Finally, this led to the collapse of the company. The company was subsequently taken over by the Bank of America. CNN named Mozilo as one of the 'Ten Most Wanted: Culprits' of the 2008 financial collapse in the United States.

The Securities and Exchange Commission in June filed civil-fraud charges for 'deliberately misleading investors about the significant credit risks being taken in efforts to build and maintain the company's market share.'

Mozilo's compensation during the housing bubble from 2001-06 is under scrutiny. During that period, his total compensation (including salary, bonuses, options and restricted stock) was $470 million.

A butcher's son, Angelo Mozilo worked hard right from his childhood to make ends meet.

Love, Sex and Adultery in Ancient Egypt

Women had more freedom than their counter parts in Mesopotamia, for instance, but never as much as Paris Hilton and pals. Egyptians married young, very young indeed, and, in royal families, between themselves. Childbirth was dangerous but encouraged in ancient Egypt - prosperity was a goal for everyone and that included having a big family. The love and sex lives of the Egyptians were as complicated as they are today. Turin's famous Erotic Papyrus assures us that the Egyptians were sexually adventurous, with a penchant for naked belly-dancing, and collections of love poetry from the Amarna era reveal that they were also big romantics. According to Angelina Jolie in recent news “fidelity is not essential in her relationship with Brad Pitt”, but adultery is one of the oldest reasons for divorce, death and depression - the 3 D’s - and in ancient Egypt as in most of the modern world, women often still file for divorce on the grounds of adulte...

Born poor, now self-made billionaires - Ed Liddy

Ed Liddy, former chief executive officer of American International Group (AIG ) had to face lot of hardships before he rose to great heights. Ed Liddy's father died when he was just 12 years old. According to a BusinessWeek report, he had a poverty-stricken childhood. Liddy graduated from Catholic University of America in 1968 and received a master's degree in business administration from George Washington University in 1972. He worked with Ford Motor before joining G D Searle & Co in 1981. The 63-year old Liddy earned about $130 million during his eight-year tenure at Allstate. In the wake of the financial crisis, Ed Liddy came to rescue the ailing AIG, worked for a salary of $1. But the act turned disastrous when the company handed out employee bonuses totally $165 million after it had accepted $170 billion in government bailout funds. This forced him to quit AIG.

Travel Geneva

Geneva is a world city, a city characterised by its cosmopolitan population. People come here for many reasons, from humanitarian commitments, attending trade fairs and festivals to diplomatic and cultural activities. Geneva can be considered as the world's smallest metropolis and the headquarters of some of the most prestigious organizations in the world such as The Red Cross and European HQ of the United Nations. The town is situated in the laps of nature. A stroll within the city limits, along the shores of the lake with its famous water jet or up into the Old Town are sure to stay in your memories for a long time. Geneva has a very vibrant and multi-cultural night life. As and when the enjoyment reaches its peak, you are sure to feel that you are in France. Why Visit Geneva? European United Nations and Red Cross HQ Famous water jet in the lake 2000 years old Cultural and historical centre Trade Fairs and Festivals. Renowned for Cuisine and Wine. Lugano Tourism ...

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