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MF Global Chairman, CEO Quits
Jon Corzine has stepped down from New York–based brokerage MF Global Holdings.
Jon Corzine has stepped down from New York–based brokerage MF Global Holdings. Corzine, chairman and CEO, will not seek his $12 million severance package from MF Global. The resignation capped a week in which the firm filed for bankruptcy and faced a handful of federal investigations into missing customer money exceeding $600 million, adds The New York Times.
Corzine joined MF Global in March 2010 after a nearly 10-year sabbatical spent in politics. He has also headed global investment banking and securities firm Goldman Sachs. Edward Goldberg, lead director of the board of directors and Bradley Abelow, president and COO, of MF Global will continue handling their responsibilities.
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