Complinet logo
Search
Contact us

MF Global CEO Jon Corzine resigns under fire

Nov 04 2011 Reuters

Jon Corzine has resigned as MF Global Holdings Ltd's chairman and chief executive officer four days after the futures brokerage filed for bankruptcy protection, culminating a rapid downfall for one of Wall Street's best-known executives. Corzine said his decision was voluntary and was best for the company and its stakeholders. "I feel great sadness for what has transpired at MF Global and the impact it has had on the firm's clients, employees and many others," Corzine said. "I intend to continue to assist the company and its board in their efforts to respond to regulatory inquiries and issues related to the disposition of the firm's assets." Friday's resignation is the latest development in a stunning downfall for Corzine, 64, who ran Goldman Sachs & Co in the late 1990s and was subsequently a U.S. senator from New Jersey and governor of that state. MF Global, which Corzine joined in March 2010, had been his ticket back to Wall Street. Corzine is not seeking

Already have an account?

Log in

Want to read this article?

Click here for a free 14 day trial