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| Permalink View Article Stats Promoted to Headline (H3) on 11/1/11: Joe Nocera: Corzine Crashes Like It's 2008 Quicklink submitted by Scott Baker (Add your own quicklinks easily with the OpEdNews Quick Link Browser bookmark) |
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 Jon Corzine by Wikipedia |
When Goldman Sachs went public on May 4, 1999, Jon Corzine, who was then the firm's chief executive, held a stake that was suddenly valued at $305 million. So, perhaps, it's uncharitable to complain about the piddling $12 million severance he was poised to gain if he had managed to sell his current firm, MF Global Holdings, over the weekend. But I'm going to complain anyway. The idea that Corzine, who single-handedly destroyed MF Global Holdings, was in a position to command so much as a penny in severance is horrifying. |
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