The resignation capped a disastrous week for Jon S. Corzine, who saw MF Global lose two-thirds of its market value, file for bankruptcy and face several federal investigations, the NY Times’ Dealbook reported this morning.
Jon S. Corzine has resigned from his posts at the embattled brokerage firm MF Global, the company announced on Friday.
Mr. Corzine, the firm’s chairman and chief executive, will not seek his $12 million severance from MF Global, which filed for bankruptcy on Monday, according to the company’s statement.
The resignation capped a disastrous week for Mr. Corzine, as he saw MF Global lose two-thirds of its market value, file for bankruptcy and face a handful of federal investigations into more than $600 million in missing customer money. The decision also signaled a rapid downfall of what was supposed to be Mr. Corzine’s grand return to Wall Street....
More? Check out http://dealbook.nytimes.com/2011/11/04/corzine-resigns-from-mf-global/
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