Corzine Gives Up A Piddling $12 MIllion

Corzine made a paltry attempt to "make good" after destroying MF Global by refusing to accept a $12 million severance package. 

Times columnist Joe Nocera takes aim at Corzine, Wall Street, and a culture of corruption. 

[NYT] The idea that Corzine, who single-handedly destroyed MF Global Holdings, was in a position to command so much as a penny in severance is horrifying. It suggests two things. The first is the extent to which “heads-I-win-tails-you-lose” remains the operative concept for Wall Street compensation. The second is that one’s politics doesn’t much matter when it comes to lining one’s pockets. Corzine is an avowed liberal who has decried income inequality and Wall Street pay — but right up until the end, he had his hand out for millions he didn’t deserve.

Read Joe Nocera's article here >>