WASHINGTON AP - Jon Corzine stepped down Friday from running the securities firm that collapsed after his disastrous bets on European debt. The move was announced as a criminal probe of the company appeared to be intensifying.The firm, MF Global, said Corzine has resigned as chairman and CEO and will decline payments from a severance package worth $12.
November 04, 2011 at 12:00 AM
1 minute read
WASHINGTON AP – Jon Corzine stepped down Friday from running the securities firm that collapsed after his disastrous bets on European debt. The move was announced as a criminal probe of the company appeared to be intensifying.
The firm, MF Global, said Corzine has resigned as chairman and CEO and will decline payments from a severance package worth $12.1 million, including cash and benefits.
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