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MF Global President Agrees to 96% Pay Cut

The president and chief operating officer of failed broker MF Global Holdings Inc. has agreed to have his annual base salary of $1.5 million slashed 96 percent as he stays on to work on the company's Chapter 11 restructuring.

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Jon Corzine
Mario Tama, Getty Images
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MF Global Failure Underscores Global Investing Risks [AUDIO]

The disasterous fall of former Governor Jon Corzine's securities firm, MF Global, demonstrates the precarious nature of the world economy for investors.

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Reports: Regulator Ceases Role in MF Global Probe

Published reports say a key regulator will not participate in the investigation of the collapsed brokerage that was run by his former Goldman Sachs colleague Jon Corzine.

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MF Global
Mario Tama, Getty Images
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CEO Corzine Steps Down At MF Global

He set out to create a mini-Goldman Sachs. In the end, he built a mini-Lehman Brothers.  Former New Jersey Gov. Jon Corzine's resignation Friday from the securities firm he led capped a week of high drama and swift failure.

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Jon Corzine
Mario Tama, Getty Images
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MF Global Fails Under Jon Corzine

Once upon a time, when he was governor, Jon Corzine was feeling the barbs of political criticism and setback. As he sat next to me in our studio, he seemed unusually subdued and distracted. During a News and Commercial break,

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Mario Tama, Getty Images
Mario Tama, Getty Images
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MF Global Files for Bankruptcy Protection

MF Global Holdings Ltd., the securities firm run by former New Jersey Governor and Goldman Sachs head Jon Corzine, is seeking bankruptcy protection one week after reporting its biggest-ever quarterly loss

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