IndyMac ends CEO’s stock deal
From Times Wire Services
IndyMac Bancorp Inc. canceled Chief Executive Michael Perry’s option to purchase 1 million shares of company stock after it reported its first-ever annual loss.
Perry asked the board of the Pasadena-based mortgage lender to make the move “solely upon his own initiative” so that IndyMac could make more options available for future grants to other employees, according to a regulatory filing.