Economy/Business News Alert: Jon Corzine resigns from MF Global

Friday, November 4, 2011

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The Washington Post Friday, November 4, 2011 7:58:22 AM
ECONOMY/BUSINESS NEWS ALERT

Jon Corzine resigns from MF Global


Former New Jersey governor Jon Corzine is stepping down from running the securities firm that collapsed after his disastrous bets on European debt, the Associated Press reports.

The firm, MF Global, said Friday that Corzine has resigned as chairman and chief executive. It says he will decline a severance package worth $12.1 million, including cash and benefits.


Read more at:
http://www.washingtonpost.com/business/former-nj-governor-corzine-steps-down-from-collapsed-mf-global-rejects-12m-severance-package/2011/11/04/gIQAb55alM_story.html



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