Obama Bundler Corzine Snagged $8.4 Million in Year Before MF Global Collapse

Posted by Jammie
May 21, 2012 at 9:35 pm

JammieWF.com:

According to Obama a central theme of his campaign will be to claim Mitt Romney has no idea how to create jobs and grow the economy. Funny coming from a guy who still has this thug Jon Corzine working as a bundler for him. Obviously Corzine is experienced at creating jobs based on his recent history, right?

Former MF Global Holdings Ltd. CEO Jon S. Corzine received more than $8 million in cash and stock options in the months leading up to the brokerage’s collapse, according to recently filed bankruptcy documents.

Corzine, a former New Jersey governor and co-chairman of Goldman Sachs Group Inc., received a bonus of $1.25 million in addition to his salary of about $1.8 million last year. He also was awarded $5.35 million in now-worthless stock options. Corzine resigned from MF Global last fall, just days after the brokerage’s collapse over its losing bets on European sovereign debt.
Other MF Global insiders, including Chief Operating Officer Bradley Abelow, also saw big pay days. Abelow, who is still working at the firm, was paid $2.7 million in cash, including a $1.25 million bonus, plus restricted stock valued at $1.5 million.Neither Corzine’s lawyer, Andrew Levander, nor Abelow’s lawyer, Gary Naftalis, could be reached for comment.He should be in a holding cell without bail. Then he could be reached for comment.