Posts Tagged ‘Countrywide’

AOL Changes Guard: Employee Insights to new CEO Tim Armstrong

Posted by • March 13th, 2009 • 3 Comments

AOL’s CEO Randy Falco has left the building and it will be interesting to watch how the new CEO Tim Armstrong, a former Google advertising sales executive, will be received by employees. For the past several months, Falco has been on our CEO Watch List as one of the lowest rated CEOs on Glassdoor.com (w/ at least 25 or more reviews). At the time of the announcement, Falco had a 13% approval rating and 64% disapproval rating.  One has to ask if the writing was on the wall for Falco when we observe that his approval rating continued to sink. 

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Bank of America Hiring as Countrywide Transaction Completes

Posted by • February 20th, 2009 • 17 Comments

Bank of America today announced that they would be rebranding Countrywide to Bank of America Home Loans, in light of the tarnished reputation that surrounds the lending brand.  This news comes on the heels of the January announcement that the company had completed its purchase of Countrywide for $4 billion in stock.  Reports are also stating that Bank of America will be adding 1,000 new jobs to staff the new Home Loan division, along with moving 500 current jobs to this new endeavor. 

The question is, what does this mean for both past Countrywide and current Bank of America employees?  Looking through the reviews and salaries on Glassdoor, we found a few interesting tid-bits we thought we’d share:

Salaries:  At Countrywide, a home loan officer earns about $63k/year.  But Bank of America home loan officers reportedly earn an average $67K/year. Does this mean that Countrywide loan officers will see adjustments to address equity gaps?

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