Pouting all the way, MF Global plans to reincorporate in the U.S., abandoning Bermuda for Delaware.
The futures brokerage, formerly part of the Man Group, has recently been whining a whole lot about how unfair and anti-competitive all of those billions in U.S. government bailout bucks to banks have been. We do not necessarily disagree. But such gripes about competitive disadvantages are pretty rich coming from a company based in Bermuda, and for all of the right reasons, we’re sure.
“We want to operate in a regulatory environment that benefits from the regulatory reforms discussed in Washington,” MF CEO Bernard Dan said. Plus, Delaware has recently been named the bestest damned tax shelter on God’s green earth, while Bermuda seems intent on driving out all of its financial firms with potentially ugly new taxes.
Comments (4)
Leave a comment
You can log in with your account or comment as a guest below.
Too Greg, Didn’t Like.
Greg
I’m going to pinprick the air mattress you keep for out-of-town visitors. By the time you realize what I’ve done, it will be too late.
Not Jeff Macke but a fan of his work
TGFD says…
Being in Delaware is the new killing it!
The Guy from Delaware
It is not just me who thunk that Jon is Greg. Thank God! I thought I was mad.