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Jon Corzine Resigns From MF Global, Will Not Collect Severance
Jon Corzine is gone, and as we expected, will not collect a single penny from his $12+ million severance. Statement from the MF board: "The Board of Directors of MF Global Holdings Ltd. announced the resignation of Jon S. Corzine from all posts at MF Global. Mr. Corzine has confirmed that he will not seek severance payments in connection with his resignation. Edward L. Goldberg, the lead director of the Board of Directors, and Bradley I. Abelow, the Company¹s President and Chief Operating Officer, will continue in their current positions." And here is Jon's personal announcement: "I have voluntarily offered my resignation to the Board of Directors of MF Global. This was a difficult decision, but one that I believe is best for the firm and its stakeholders. I feel great sadness for what has transpired at MF Global and the impact it has had on the firm's clients, employees and many others. I intend to continue to assist the Company and its Board in their efforts to respond to regulatory inquiries and issues related to the disposition of the firm's assets." Now, as to how he will avoid questioning by the federal authorities, that is a different matter entirely...
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Hey! Fuck that guy!
Which one?
Touche.
How about banning both from receiving severance and prosecuting them!
motherfucking global, bitchez!
http://azizonomics.com/2011/11/04/motherfucking-global/
-Michael Clayton in Jon Corzine's kitchen- Scene
Michael Clayton: I don't know what Walter promised you but...
Jon Corzine: A miracle worker. That's Walter on the phone twenty minutes ago. Direct quote, okay, "Hang tight, I'm sending you a miracle worker."
Michael Clayton: Well he misspoke.
Jon Corzine: About what? That you're the firms fixer? Or that you're any good at it?
[explodes in anger] This shit is complicated, and when you make as much as I do from connections, you tend to lose the penchant and drive to monitor the ethical, legal, moral & most basic of details, okay? These clients are all greedy f**cks, alright, and they shouldn't have expected to swim with sharks without getting bitten! This is America, now, Michael! We don't have firms that make things of value, we only have firms that shift things of value, as in from your pocket to mine, got it! How the hell are greedy pricks like me with aspirations going to get what we need to satisfy our unrelenting voraciousness if we can't bend the rules from time to time, even if there's collateral damage?
Jon Corzine: What if someone had stolen my master password at MF Gloal? Huh? Happens all the time.
Michael Clayton: The FBI likes client fraud & commingling of funds cases. They work them hard and they clear them fast. Right now there's a coffee slurping FBI forensic acccounting team pouring over MF Global Accounts. Tomorrow they're going to be fingering each and every person who had their finger in the pie, including Obama "bundlers."
[the phone rings]
Michael Clayton: There's no play here. There's no angle. There's no champagne room. I'm not a miracle worker, I'm a janitor. The math on this is simple. The smaller the mess the easier it is for me to clean up.
Jon Corzine: [points to the phone] That's the FBI isn't it?
Michael Clayton: No. They don't call.
Own that flick - great movie.
What is the name of the movie?
Michael Clayton
Great movie. Tom Wilkinsons characters' monologue at the start sums it up.
And Clooney's last few lines are apt :
"youre fucked"
-wha..what?
"youre so fucked"
Karen was extremely book smart, but pathetically stupid, just like The Bernank.
You don't fuck this president, THIS PRESIDENT FUCKS YOU!
No the Prez is just someone else's dick....
Which guy...
WASHINGTON (AP) -- The lead regulator investigating the collapse of Jon Corzine's securities firm, MF Global, worked alongside him for 18 years at Goldman Sachs Group Inc. The two later collaborated to pass a law intended to prevent accounting scandals...
http://beta.finance.yahoo.com/news/corzine-regulator-worked-together-gol...
gensler. Another one.
Hitler was right about everything.
Kennedy < Warren
Kennedy & Warren > Tebow
Article should be titled: "Jon Corzine Resigns from MF Global, Has Already Collected My Severance."
Nice succinct statement; I like!
Just another Goldman Sachs scumbag. Same with the regulators, all squidly. Business as usual.
I didn't know you could collect severance while hanging from the end of a rope.
Bravo!
Keep it going!!!
http://i2.cdn.turner.com/cnn/2009/images/09/23/corzinebillboard_english-...
Let's hope he takes another high speed ride on the Garden State Parkway in the rain....
Far too unsatisfying if this fuck dies in a wreck. The people want their own gratification - like in Libya.
that would be very nice. love to be in that crowd at the time.....
revoked
I'm pretty sure the chief operating officer needs to get the fuck out too. And doesn't anybody get mother fucking fired these days?
And the CFO. Nothing happens with money that the CFO doesn't know about.
I was fired as a teenager once for giving the wrong change. $1.20 too little. (I guess working three jobs caught up with me)
To think, I could have been a great Wall Street tycoon.
Jon Corzine & Dick Fuld are teaming up to run a Hedge Fund called '' Come InVest Sheeples International''
It's going to be called Dick Fuld, Corzine.
Linda Green & Signman Fraud will be co-partners.
Allegedly.
I'm worried about the soup company
And he hired Lehman's Laywer too! What a piece of shit this guy is.
andrew ross sorkin suspects the money is just "lost". It could have been a "fat finger".
here horowitz from bad boys runs interference for his "co-religionists" at 85 Broad Street in typical yid style.
http://dealbook.nytimes.com/2011/10/31/its-lonely-without-the-goldman-net/
such flair and elan, this mensch has.
The mad skills of these peeps , amazing.
LIESman, cramer, ira ross sorkin, faber, greenberg, kaminsky, rovell, finerman, kudlow the born again "Christian", boorstin, melissa francis, "zach" karabell, jane wells.
such a mitzvah at englewood cliff everyday, itz!!!!!!!!!!!!!!!!!!!!!
Itz almost as if they are put in place running/protecting a criminal enterprise (fellow "jews).
Good post, but you forgot to add, and im not kidding one bit...that Kudlow is a coke addict....and a zebra never changes their spots...lol.....
"protecting a criminal enterprise (fellow "jews)"
I am reminded of the verse in the Apocalypse that says
"I know the slander of those who say they are jews and are not"
Robert Anton Wilson points out in Illuminatus Trilogy that to conspire means to "breathe together". Same Nitrous Oxide?
On the other hand, the West Bank and Gaza are full of people who are genetic Jews, but aren't.
Don't you love it, these dirtbags commit HUGE crimes and their punishment is "resignation". Oh we can't prosecute him for HUGE crimes because he no longer works here. Next stop for this POS better be Rahway or a lynching.
They could have at least shot him in the head with tear gas granade...
It's okay. He's got 99 weeks of unemployment coming...
Isn't he magnanimous? A true hero of the state.
The Hope, the change, the reality of it all.
Now we know why Corzine had a clause to let him take gov positiosn. In gov, he could do much more damage to the economy, and still have a gov pension. Just like the Bamster:)
This is a Jon Corzine re-election Biographical video (7 minutes).
Hear about how grandpa lost it all, too.
http://www.youtube.com/watch?v=hTrJLsxGQWA
He makes my skin crawl.
Their minds truly work differently. Dissocial personality type disorders seem to be a requirement for leadership positions these days.
Is this what democracy looks like? Disgusting.
He needs to start learning how to pick up the soap in the shower without bending his knees.
A republican would have taken the severence. Both sides are corrupt scum, but at least Republicans have some balls. What a slithering coward. Take the money!!!!!
Rest easy bitches. Eric 'The Wolf' Holder is on this motherfucker.
+1
DOOM...
Now he can be Prime Minister of Belgium.
Hpefully they go after Corzine's personal wealth to make whole clientss @ MF that lost any $$. Don't want no ore taxpayer funding for those co-mingled feckin' losses.
Take it out of Corzine's hide! Do you think it might make an impact on other CEO's?
Let's pass the hat around for this poor fella. The lousy son of a bitch is down on his luck.
Now, as to how he will avoid questioning by the federal authorities, that is a different matter entirely
Are you kidding? With Eric Holder as Attorney General? He is as safe as safe can be.
Eric Placeholder, the finest moss the north side has ever seen.
the jews and their footsoldier blacks are making their move.
Corzine is a fucking scumbag two-timing greedy paper pushing con artist like all his friends at Goldman Sucks. He was gambling with other suckers' money, pure and simple. They try to make it sound kosher and sophisticated with fancy terms like repos and credit default swaps; but, this is all gambling for the big payout pure and simple. These guys would be in seedy casinos or debtors prison two generations ago. Today, the whores in the MSM hail them as financial wizards while they have destroyed the capital base of this country sucking wealth and ill gotten profits out of the system by simply moving paper and prestidigitating. Corzine bet on distressed PIIGS sovereign debt, arrogantly figuring that the sheeple of Germany would get rolled by their souless spineless whore political leaders to pay for his million dollar payday. I guess his overconfidence got his goose a well deserved cooking. This Corzine asshole deserves to be totally degorged of his ill-gotten personal wealth and then put to work scrubbing toilets at the local soup kitchen for life.
Bravo
"Corzine is a fucking scumbag two-timing greedy...."
What a rant!
Makes me wonder, was his hand in your actual pocket?
Will MF Global be paying for Corzine's civil and/or criminal legal fees?
Burn the fucking place down to shreds AND THEN split...but he's such a stand up fuck not taking his severance....JUST WAIT...THE FUCK WILL BE IN OFFICE AGAIN SOON UNDER THE HNIC!!
JUST WAIT....
Otherwise stated as:
I apologize in advance to all extremely honorable-by-contrast-and-relative-standards Mafioso/La Costa Nostra & others in the organized crime business, who mostly prey on their own kind, for momentarily comparing you to the far filthier slime that exists on Wall & Broad Street, or K Street, for that matter.
Perhaps Corzine can make "Minimum Wage" running the paper-shredder on the graveyard shift?
Perhaps Corzine can make "Minimum Wage" running the paper-shredder on the graveyard shift?
But, I will take that ticket to Costa Rica. Thanks, bye.
Who cares about 12 million severance when you have 1.5 billion in client funds?
Sure, some of that money has to go to the Obama re-election campaign, but
some of that money is going to his new Yacht and lovely home in sunny Bermuda!
Jon "Don" Corzine will collect his 12 MILLION.......maybe not from MF Global, but from his buddies at Goldman Sachs. You see....that was the plan...take this firm down buddy and we will take care of you on the back end just like we've always done...no worries. It was Goldman and the other bankster thugs that most likely grabbed the loot with a collateral call because they didn't want to be left holding the bag and they had designed this collapse to further tighten their control. It sounds like conspiracy hokum, but you just can't make the series of events like this $hit up. "Don" Corzine will never see the inside of any jail cell.....his buddy is the one investigating him.....they met at the "Country" club last night and laughed about how "wink, wink" he'll investigate alright...NOT! Jonny has screwed his clients...stolen $1.5 billion of their money....and he's still walking around free. Every other perp that embezzles money gets jail....arghhhh!
Can't wait to see where this crumb turns up next.
He didn't "give up" anything. He would have been an unsecured creditor in bankruptcy for his severance anyway which means he would have got none of it. The amount of wages which are treated as preferential claims in a bankruptcy is tiny, basically an amount intended to allow a $30k/yr. worker to eat for a couple weeks. The whole notion that he felt "bad" and didn't want the money is just asinine. The more you know....
He said he is not going to ask for his severence.....but that does not mean he will not get....he will just not ask for it....his lawyer will or his wife...
Even if I vomited uncontrollably for three years non-stop; it would not even begin to express my disgust.
How is the search for the missing funds coming?