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MF Global Executives Could Get Six-Figure Bonuses Despite Collapse

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Amanda Lang
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What do you do after your company implodes and customer money goes missing? You collect a bonus, of course.

As many as 23 employees at MF Global, the brokerage firm that collapsed in October, might get bonuses for their assistance with the company's bankruptcy investigation, The Wall Street Journal reported Friday. Among them are three higher-ups -- president and CEO Bradley Abelow, chief financial officer Henri Steenkamp, and general counsel Laurie Ferber -- who could take home bonuses of up to six figures each, according to the WSJ.

The MF Global employees in a position to collect bonuses would do so if they can help the former FBI director overseeing the liquidation of the firm's assets with the job, the WSJ reports. MF Global was one of the highest-profile financial failures of 2011, and news that some of its senior members might go home with major payouts -- reminiscent...
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OpedNews volunteer from 2005 to 2013.

Amanda Lang was a wonderful member of the Opednews team, and the first volunteer editor, for a good number of years being a senior editor. She passed away summer 2014.

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