By Emmanuel Olaoye
NEW YORK, Nov. 8 (Thomson Reuters Accelus) - The collapse of MF Global and charges that millions of dollars are unaccounted for highlights the challenges that powerful corporate executives pose to a firm’s governance controls, experts said.
Jon Corzine, MF Global’s chief executive officer resigned on Friday, four days after the futures brokerage firms filed for bankruptcy. Before his time with the firm, Corzine ran the investment bank Goldman Sachs in the 90s before he went on to be a senator for the state of New Jersey. He then served as New Jersey’s governor for four years before joining MF Global in March 2010. (more…)