Corzine Made $8.5M In 2011 Before MF Global Collapsed

Law360, New York (May 21, 2012, 7:55 PM EDT) -- Jon Corzine received nearly $8.5 million in compensation last year as CEO of MF Global Holdings Ltd. before stepping down as the firm spiraled into bankruptcy, according to court papers filed Friday by the trustee charged with liquidating the company's estate.

Corzine, a former governor of New Jersey, took home about $3.1 million in pay, including a $1.3 million bonus, and was given $5.4 million in stock options, the statement of financial affairs said. Trustee Louis Freeh filed the paperwork Friday after being granted an extension...
To view the full article, register now.

Related

Sections

Case Information

Case Title

MF Global Holdings Ltd.


Case Number

1:11-bk-15059

Court

New York Southern

Nature of Suit

Date Filed

October 31, 2011

Law Firms

Companies

Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.