"Countrywide CEO Folds 'Parachute'"

STEVE INSKEEP, Host:

Our last word in business today is executive sacrifice, because Countrywide has announced that Mr. Mozilo will forfeit the platinum parachute. It may have something to do with lawmakers' complaints given that so many of his customers face foreclosure. Mozilo faces lawmakers on Capitol Hill soon. But now he can tell them he's not only giving up the cash, he will also give up continued use of the company jet.