Jon Corzine was assigned as the CEO of MF Global in the March of 2010. 18 months later on, and in the aftermath of a massive trade in European sovereign debt, the business filed for bankruptcy, the 8th largest in U.S. history. As the company neglected it was found that over $1.6 billion in segregated customer assets was lost.
The case investigates the problems that could have led to MF Global's demise, including its business model and also the competitive pressures it faced prior to and following Corzine's arrival, and the tactical and managerial decisions taken by Corzine to reorient the company. Furthermore, the sovereign debt trade, created to improve gains, is described in less detail.
PUBLICATION DATE: June 18, 2012 PRODUCT #: 312105-HCB-ENG
This is just an excerpt. This case is about FINANCE & ACCOUNTING
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