Corzine Resigns From Securities Firm MF Global After Disastrous Bets
WASHINGTON (AP) — Jon Corzine is stepping down from running the securities firm that collapsed after his disastrous bets on European debt.
The firm, MF Global, said Friday that Corzine has resigned as chairman and CEO. It says he will decline a severance package worth $12.1 million, including cash and benefits.
MF Global filed for bankruptcy protection on Monday after its bets on European debt spooked investors and trading partners.
The company is under investigation by regulators and the FBI because hundreds of millions disappeared from customer accounts as it slid toward bankruptcy.
Corzine ran Goldman Sachs and was governor of New Jersey before joining MF Global.
MF Global says lead director Edward Goldberg and president and Chief Operating Officer Bradley Abelow will continue in their current positions.
Comment
"Destroying the New World Order"
THANK YOU FOR SUPPORTING THE SITE!
Latest Activity
- Top News
- Everything
"cheek kea thanks you so much. Yes, I agree, but there was so much espionage, mistrust, and military…"
"Yes I believe there's a Cure or Remedy for everything. As netizens across the world start to…"
A Cure for Cancer?
How many of you have agonized over seeing little kids at St. Jude’s Hospital with brain cancer,…See More
Розумний дім: як технології роблять життя комфортнішим
Що таке розумний дімРозумний дім — це система сучасних технологій, яка дозволяє автоматизувати…See More
What the fuck?
"When will the perverts picked out of the government and positions of power for thorough…"
"Welcome on board. Your input is welcome, but could you provide a translation in…"
"Did you lose the password= As far as I know we have changed nothing her. Continue as Sullivan."
Death of an F-106 Pilot in Pursuit of the Unknown
The year in between 1970 and 1972 on July 14 on a single night when a series of events led to the…See More
"Hey, buddy! You're right, I can't get into my account! "
The Re-Evaluation of our Current Reality
Surprisingly, there has been talk of mankind being enveloped in an artificial reality for decades…See More
© 2026 Created by truth.
Powered by
You need to be a member of 12160 Social Network to add comments!
Join 12160 Social Network