26
Mar
2012
A Damage-Control Weekend for BATS and Jon Corzine
Categories: Crisis, Financial Services
It was a busy weekend for damage control, with two examples of executives who tried to regroup after enduring very bad news.
First, there was an effort by former MF Global CEO Jon Corzine to counter a memo that emerged late last week that said Corzine authorized the transfer of client monies to J.P. Morgan. The memo’s contents, first reported by Bloomberg, would appear to contradict Corzine’s sworn testimony before Congress that he did not approve such actions in the chaotic, final days of the firm.
Corzine’s team (presumably led by his lawyers) pro...
Read More