Corzine Resigns as Head of Bankrupt MF Global

Jon Corzine resigned Friday as chairman and chief executive of MF Global, the brokerage firm that spiraled into bankruptcy this week after the former Democratic New Jersey governor made risky bets on European debt.

Corzine declined a $12.1 million severance package, including cash and benefits, the firm said Friday.

MF Global filed for bankruptcy protection on Monday after its bets on European debt spooked investors and trading partners.

GET MORE STORIES LIKE THIS

IN YOUR INBOX!

Sign up for our daily email and get the stories everyone is talking about.

Uncategorized

Previous post

Perry Supports Work Visas for Illegals

Next post

U.S. Tightens Drone Rules After Diplomatic Officials Say Strikes Damage U.S. Relationship With Pakistan

Join the conversation!

We have no tolerance for comments containing violence, racism, vulgarity, profanity, all caps, or discourteous behavior. Thank you for partnering with us to maintain a courteous and useful public environment where we can engage in reasonable discourse.