Post Profile






Former MF Global Chief Risk Officer Sacked For Doing His Job, Disagreeing With Corzine

Yesterday we noted how a CBO analyst may have been terminated for her conflicting views on model assumptions, especially when they veered away from the Wall Street-defined norm. Today, we find that the same approach to dissent may have been the reason why MF Global ended up taking inordinate risk, and ultimately blowing up, leaving over a billion in client money go from the solid to the liquid phase overnight.
read more

share
See more about: MF Global

Related Posts


The Goes The Neighborhood, Jon Corzine Is Looking An Office

Business & Finance : Business Insider: Clusterstock

The Wall Street Journal reports that former MF Global CEO Jon Corzine is seeking office space: One of the locations he seems interested in: brokerage firm John Carris Investments, at 40 Wall St., around the corner from the New York ...

Corzine Blew Off Risk Officer

Business & Finance : Business from Newser

Jon Corzine can’t say that nobody warned him that his bets on European debt might ruin MF Global, because his chief risk officer did just that—repeatedly. Michael Roseman told Corzine that the company didn’t have the cash to handle ...

The Distinction That Makes Jon Corzine Worse Than Wall Street CEOs From The Financial Crisis

Business & Finance : Business Insider: Clusterstock

With the announcement that MF Global Trustee (and former FBI chief) Louis J. Freeh will charge Jon Corzine for failing in his duty to oversee the company, the meaning of Jon Corzine shifts once again. Prior to this announcement, I u...

Jon Corzine Replaced MF Global's 'Risk Officer' With An 'Everything Is OK' Officer

Business & Finance : Business Insider: Clusterstock

At yesterday's Congressional hearings, the risk management practices that Jon Corzine instilled at MF Global continued to take hits. Chief among the negative items that came out of the hearing was that Michael Rossman was fired in J...

REPORT: Jon Corzine Threatened To Quit If MF Global Didn't Let Him Bet Aggressively On European Bonds (MF)

Business & Finance : Business Insider: Clusterstock

Michael Roseman, MF Global's once chief risk officer, had some serious problems with former CEO Jon Corzine's appetite for European sovereign credit risk, reports the Wall Street Journal's Aaron Lucchetti and Julie Steinberg. Accord...

Comments


Copyright © 2016 Regator, LLC