Tuesday, May 22, 2012

Corzine's Compensation - 8.5 Million Dollars in Salary and Options From MF Global in 2011

WASHINGTON, DC - DECEMBER 15:  Former chairman...
MF Global's bankrupcty court filings apparently disclosed that Chief Executive Officer Jon Corzine received approximately $8.5 million in compensation last year, including almost $5.4 million of stock options in the bankrupt brokerage firm. While some will point out that the options are now worthless, they were not worthless when they were given to Corzine, and his pay was still $3.1 million for 20 months of work.
And he did not do such a good job. Not only did he resign in the midst of regulatory probes, the firm cannot find $1 billion that vanished during his watch.

And why is there no pending civil or criminal cases against him and the others who ran MF Global? A billion dollars disappear, customer funds are missing - not lost in the market - missing, and no charges have been brought?


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