Jon Corzine

  • News

    That’s Unfortunate

    [via @kaylatausche]

    / Nov 3, 2011 at 10:48 AM
  • News

    Bonus Watch ’11: MF Global CEO

    Yes, Corzine’s contract says he’s eligible for a $12 million package if he leaves the firm but recent events will make it slightly more difficult for him to collect that check on the way out.

    / Nov 2, 2011 at 5:35 PM
  • News

    Bloomberg: Jon Corzine Chose Not To Get Drunk And Unload His Problems On A Group Of Unsuspecting Bankers Night Before Q3 Results Came Out

    But you can imagine what it would’ve been like if he had, right? [Slurring] “We’re sooo preggo with Euro debt it’s not even funny. Might have to use client funds for collateral. I’m serious.” [Spills wine on guy to his right, attempts to wipe it up before having hand shoved away.]

    / Nov 2, 2011 at 11:30 AM
  • News

    You People Would Like That, Wouldn’t You?

    “Corrections & Amplifications MF Global acknowledged to federal regulators that it had diverted funds out of customer accounts, and a federal official said the move is possibly in violation of the law. An earlier version of this article incorrectly implied that MF Global had admitted the move violated the law.” [WSJ]

    / Nov 1, 2011 at 4:20 PM
  • News

    Maybe MF Global Invested $700mm Of Customer Funds In A Few Hands On Full Tilt Poker?

    Here is the conventional wisdom on MF Global, which I’ve sort of defended when provoked: [I]n many ways, it’s a very satisfying morality tale. We’re in this time of Occupy Wall Street, a lot of people are already dissatisfied with Wall Street in general, and this is moral hazard — excessive risk-taking. Here, the firm […]

    / Nov 1, 2011 at 2:29 PM
  • News

    Regulators Interested To Find Out Where A Few Hundred Million In MF Global Customer Funds Went

    It’s either missing-missing or there but just in hiding as a result of “sloppy internal controls.”

    / Oct 31, 2011 at 9:37 PM
  • News

    Does It Seem Strange To Anyone Else That CNBC Is MF Global’s Seventh Largest Creditor?

    If as a generally informed person who had not yet seen MF Global’s bankruptcy petition, you were to guess who’s going to be knocking on MF’s door most forcefully, you might come up with a list something like this: 1. The banks that were repo’ing its $6.3 billion in Eurozone exposure 2. The lenders on […]

    / Oct 31, 2011 at 2:19 PM
  • News

    MF Global USA Files For Chapter 11

    According to Reuters, earlier talks with Interactive Brokers fell apart.

    / Oct 31, 2011 at 10:36 AM
  • News

    Jon Corzine Could Use A Hand Here

    As previously discussed, MF Global needs to sell (at least part of) itself and fast. Who wants to break themselves off a piece of Jon Corzine’s firm? According to the Journal, MF-G “earlier had a roster of up to 10 potential partners, but has narrowed that list in recent days to fewer than five.” Whether […]

    / Oct 28, 2011 at 3:45 PM
  • News

    Who Wants To Buy (A Piece Of) MF Global?

    As you may have heard, things have not been going so hot for MF Global lately (though CEO Jon Corzine would beg to differ, saying yesterday on an internal call that “things are fine, pretty much”). The brokerage firm reported its biggest quarterly loss ever this earlier this week, Moody’s cut its rating to one […]

    / Oct 27, 2011 at 3:08 PM
  • News

    Dick Bové Would Love To See Goldman Do Jon Corzine A Solid

    “Goldman could benefit from MF Global’s plight,” Bove said in a note today. “One might argue that Goldman is over capitalized and that it has too much liquidity. Buying some or all of MF Global might create the opportunity to make a windfall profit.” MF Global, run by Chairman and Chief Executive Officer Jon Corzine, […]

    / Oct 26, 2011 at 3:49 PM
  • News

    Charlie Gasparino Doesn’t Need A Flowchart To Tell Him How The Volcker Rule Works

    Disappointed by MF Global’s dismal results today, its outsize European exposure, and its CEO’s politics, the Fox Business correspondent tweeted: Maybe! Other possibilities include: 1. The Volcker Rule doesn’t go into effect until 2012, and 2. When it does go into effect, it will apply only to FDIC insured banks, not creepy quasi-bank things like MF […]

    / Oct 25, 2011 at 5:58 PM
  • News

    Jon Corzine Bets MF Global Bond Buyers $3 Million He Won’t Be Treasury Secretary

    Seriously, he’s taking bets. Is Jon S. Corzine on the short list to replace Timothy F. Geithner as Treasury secretary? A preliminary prospectus filed on Tuesday by MF Global, where Mr. Corzine, the former Democratic governor and senator from New Jersey is now chief executive, suggests that just may be a possibility. MF Global is […]

    / Aug 2, 2011 at 4:51 PM
  • News

    Treasury Secretary Corzine?

    Corzine…has attended secret meetings with the president and has been working on Obama’s 2012 campaign for months, The Post has learned. And, like any good executive, Corzine is looking out for his own bottom line. Success could resuscitate his political career with a top post — such as treasury secretary or a key ambassadorship — […]

    / Jul 5, 2011 at 12:51 PM
  • News

    David Tepper Has A Message For Jon Corzine

    As the Appaloosa manager may have his hands tied at the moment, we’re happy to pass it on. Subject: HOW DO YOU LIKE ME NOW?

    / Jun 2, 2011 at 12:49 PM
  • News

    Not Everyone On Wall Street Has Spurned Obama

    He’s kissed the warm embrace of Dan Loeb, Steve Cohen, Ken Griffin et al good-bye but some financiers are still showing Mr. President the love. According the Journal, former Goldman CEO (and New Jersey governor) Jon Corzine will be hosting a dinner for 60 tonight at his home tonight where Obama will speak, before heading […]

    / Apr 27, 2011 at 9:47 AM
  • News

    David Tepper Gets The Go-Ahead To Stick It To Jon Corzine

    As you may recall, last fall, Appaloosa founder David Tepper told New York that it would be fair to interpret the fact that he bought the $50 million beach house belonging to the ex-wife of Jon Corzine, the man who passed him over for a Goldman partnership, with the intent of demolishing it and building […]

    / Apr 26, 2011 at 5:21 PM
  • News

    Hank Paulson Pushed Jon Corzine Out Of Goldman Because He Reminded People Of Bluto From Animal House

    As is widely known at this point, Jon Corzine left Goldman Sachs in January 1999, after serving as co-CEO with Hank Paulson. JSC didn’t leave of his of volition so much as he was pushed by his colleague, who’d convinced the management committee it was the right thing to do while Corzine was skiing with […]

    / Mar 31, 2011 at 11:16 AM

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