Corzine Steps Down as MF Global Head

Apparently he did a pretty bad job
By Kevin Spak,  Newser Staff
Posted Nov 4, 2011 7:19 AM CDT
Updated Nov 4, 2011 7:42 AM CDT
Corzine Steps Down as MF Global Head
New Jersey Gov. Jon Corzine delivers his concession speech at an election night rally November 3, 2009 in East Brunswick, New Jersey.   (Getty Images)

Jon Corzine is stepping down as both chairman and CEO of MF Global, or at least what's left of it, the firm announced today. Corzine, who drove the company into bankruptcy with bets on European debt, will decline his severance package, the AP reports; it would have been worth $12.1 million. He has also hired a famed white-collar crime attorney, the New York Times reports, though we can't imagine why. (More Jon Corzine stories.)

Get the news faster.
Tap to install our app.
Install the Newser News app
in two easy steps:
1. Tap in your navigation bar.
2. Tap to Add to Home Screen.