15 key players in the MF Global bankruptcy

On the heels of a Congressional report assigning blame for the firm's collapse, we offer our take on the most important executives, officials and regulators involved in the case

Jon Corzine1. Jon Corzine

Chairman and CEO of MF Global

Finally we come to the man at the top: MF Global CEO Jon Corzine. Corzine took his place at the company’s helm in March 2010, having previously served as Chairman and CEO of Goldman Sachs, a U.S. Senator and Governor of New Jersey. It was Corzine who spearheaded the firm’s transformation into an investment bank, an effort that led him to take on the risky positions in European sovereign debt that would later precipitate the firm’s demise.

The former executive’s exact role in the improper transfer of customer funds is still unclear, although individuals such as Terry Duffy and Trustee James Giddens have openly accused him of wrongdoing. Thursday’s Congressional report also placed the blame for the company’s bankruptcy squarely on Corzine’s shoulders, stating that “During his nineteen-month tenure as Chairman and CEO of MF Global, Jon Corzine made several fateful decisions, the cumulative effects of which caused MF Global’s bankruptcy and jeopardized customer funds.”

----------------------------------------------------------------------

Check out these other slideshows related to MF Global:

<< Page 16 of 16
Comments
comments powered by Disqus