Mozilo’s been exercising options and bailing as fast as he can. It’s been going on for months.
Follow the money, if he was confident of a turn around he would be buying now.
A certain amount is reasonable for diversity purposes is wise, but he has been doing an awful lot of it lately. He obviously knows CFC is going down. He has also been very careful not to overstate the future prospects of CFC. Probably getting very good legal advice in an effort to thwart any potential lawsuits against himself.