Angelo, have you heard of Ken Lay?

His sales are perfectly legitimate. And maybe they’re even smart. But if Angelo Mozilo isn’t careful, he could become the new poster boy for corporate greed.

Last week, as the mortgage mess whipsawed Wall Street, financial markets around the world, and his own company’s stock, the Countrywide Financial CEO continued to polish his personal finances.

As part of a pre-planned program, Mozilo exercised options on 202,000 Countrywide shares and then sold them, netting himself more than $3.2 million, according to filings with the SEC.

That comes on top of more than $380 million in company compensation that Mozilo has received in the past five years.

Countrywide is the largest mortgage lender in the nation. As Mozilo sold stock last week, his company said it had ample access to credit to ride out the mortgage storm. . .for now.

But that corporate message sure gets obscured when the CEO is rushing to cash in on options that don’t expire until 2011 and 2013.

 Read related stories: Countrywide · Subprime · Mortgage · Business