Wall Street traders who make bets with a firm's own money usually have at least several sets of bosses looking over their shoulder and who should know better than the gurus at the Wall St Journal?
At MF Global Holdings Ltd., where Jon S. Corzine made $6.3 billion in trades on European sovereign debt that sank the company last month, a different set of rules applied. Corzine, the 64-year-old former New Jersey governor and Goldman Sachs chairman who took over as chairman and chief executive of MF Global in March 2010, reported only to the company's board of directors…
Read more at http://online.wsj.com/article/SB10001424052970203710704577054630610795306.html?mod=business_newsreel
No comments:
Post a Comment