Tuesday, December 13, 2011

Where's the money, Joe?

Joe Corzine is under scrutiny from a senatorial panel that is asking him what happened to $1.2 Billion when the company that he previously was an executive with, MF Global, collapsed. According to a Fox News article this will be the eight largest bankruptcy in U.S. history. Corzine was quoted as saying "I never gave any instruction to anyone at MF Global to misuse customer funds."

The important question to someone like Corzine who, up until now, has had an illustrious career is how can he win back his public image. Regardless of whether he is found guilty his image is tarnished but is it beyond repair? Luckily Corzine is at an age (and probably wealthy enough) that he could retire quietly but what happens to younger executives that find themselves in the same position?

Linky Here

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