steveox
Well-Known Member
(Reuters) - Jon Corzine, one of Wall Street's best-known stars, stepped down as MF Global Holdings Ltd's chairman and chief executive after his bets on European debt drove the futures brokerage into bankruptcy.
The departure was announced hours before conflicting reports on Friday about the whereabouts of hundreds of millions of dollars in missing customer money.
Bloomberg News said customer funds had been found in a JPMorgan Chase & Co custodial account holding $658.8 million. It cited two people with knowledge of the matter.
But CNBC business television cited JPMorgan as saying it was holding MF Global money, but it was not the missing $633 million.
Corzine, a former chief of Goldman Sachs & Co, characterized his abrupt departure from a company he once joked as "too small to care about" as "difficult" but voluntary. It came four days after MF Global sought bankruptcy protection.
The resignation was effective Friday, an MF Global spokeswoman said.
Corzine, 64, joined MF Global in March 2010 as his ticket back to Wall Street, after stints as a U.S. senator from New Jersey and one-term governor of that state. He had run Goldman from 1994 to early 1999.
http://news.yahoo.com/mf-global-ceo-jon-corzine-resigns-under-fire-124436209.html
Well Well ,,Democrats have CEOs as well,,Isnt whyat the wall street protests are about? Greedy Bankers and CEOs? You see Democrats are hypocretes. Yeah they wanna tax the Rich but not one of their own. Theyre are more Billionares and Millionares supporting Democrats then Republicans. But Wait a minute,,Isnt that the same Jon Corzine that cops are chicken**** to write him a seat belt violation? You see Democrats pass their own laws but the laws dont apply to them.
The departure was announced hours before conflicting reports on Friday about the whereabouts of hundreds of millions of dollars in missing customer money.
Bloomberg News said customer funds had been found in a JPMorgan Chase & Co custodial account holding $658.8 million. It cited two people with knowledge of the matter.
But CNBC business television cited JPMorgan as saying it was holding MF Global money, but it was not the missing $633 million.
Corzine, a former chief of Goldman Sachs & Co, characterized his abrupt departure from a company he once joked as "too small to care about" as "difficult" but voluntary. It came four days after MF Global sought bankruptcy protection.
The resignation was effective Friday, an MF Global spokeswoman said.
Corzine, 64, joined MF Global in March 2010 as his ticket back to Wall Street, after stints as a U.S. senator from New Jersey and one-term governor of that state. He had run Goldman from 1994 to early 1999.
http://news.yahoo.com/mf-global-ceo-jon-corzine-resigns-under-fire-124436209.html
Well Well ,,Democrats have CEOs as well,,Isnt whyat the wall street protests are about? Greedy Bankers and CEOs? You see Democrats are hypocretes. Yeah they wanna tax the Rich but not one of their own. Theyre are more Billionares and Millionares supporting Democrats then Republicans. But Wait a minute,,Isnt that the same Jon Corzine that cops are chicken**** to write him a seat belt violation? You see Democrats pass their own laws but the laws dont apply to them.
