News

Jon Corzine Receives Less Than Stellar Performance Review By House Subcommitee

House Republicans condemned former MF Global Holdings Ltd. Chief Executive Jon S. Corzine for making poor decisions that led to the firm’s collapse, but the lawmakers stopped short of saying anyone at the company broke the law by taking customer money. MF Global filed for bankruptcy a year ago, and the futures firm’s customers are still owed an estimated $1.6 billion. Mr. Corzine, a former Democratic senator and New Jersey governor, has faced widespread criticism but no criminal charges in connection with the collapse. “Choices made by Jon Corzine during his tenure as chairman and CEO sealed MF Global’s fate,” Rep. Randy Neugebauer (R., Texas), the chairman of the House Financial Services Subcommittee on Oversight and Investigations, said in a statement. Mr. Neugebauer’s committee on Wednesday released excerpts of its report on the futures firm’s collapse. [WSJ]

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16 Responses to “Jon Corzine Receives Less Than Stellar Performance Review By House Subcommitee”

  1. Hobbes says:

    If Congress had a performance review, it would make Corzine look like a god among men.

    • guest says:

      Congress is the last group of people who would want stupidity criminalized

    • Puck It says:

      Sadly, they do have performance reviews….they're called "elections"….and the morons who were in office already got passing grades. Meet the new boss/same as the old boss.

  2. Raj says:

    That's where I went wrong – I should have said I never intended to break any rules or any laws.

  3. Guest says:

    In another life Corzine could definitely have played Billy Bob Thornton's character in Bad Santa…in another life my friend in another life…

  4. FKApmco says:

    That's just like saying the buck stops with a CEO.
    In other news, it may get cold this winter.

  5. Lloyd Christmas says:

    Don't you worry about a thing, Mr. Noogieburger.

  6. EVP, HR HR says:

    Stop doing these things: fucking up companies, betting your firm's existence on debt of imploding companies from your blackberry, overstocking the swag room with light-up glowing bouncy balls
    Start doing these things: start a garden, buy a condo in Naples, take an Alaskan glacier cruise next summer

  7. _guest says:

    Keep up the good work guys!

    -Mr. Sarbanes & Mr. Oxley

  8. Guest says:

    Well, this is just a type thing that happens to people that wear North Face fleece…

  9. qwestion says:

    Caption: "Jon Corzine enjoys a cup of hot joe while pondering the list of possible enterprises he can fuck up next."

    • Guest says:

      Caption: "Jon Corzine taking a break from planning the next Democratic fund raising party, which will be on his new $1.6B yacht"

  10. GLD says:

    Maybe he join Sallie Krawchek and help people stash their gold. http://www.bullioninternational.com/

  11. Guest says:

    The fuck did that year go??

    – guy who's missing about 26 weeks of his life

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