This matters to someone.

/Not me.

I wish I could get millions to ruin a company.

Reward the fail, America!

Sounds like the board of directors is the group primarily responsible for this cock-up.

What the F were they thinking? They just seduced themselves with a shiny big name and didn't pay attention to what they were actually DOING by appointing Corzine and supporting his decisions.

1) Turning over (not just cutting but cutting and replacing) over a third of the workforce?
2) Changing from being a low-risk transaction maker to a high-risk positions-holder in a short period of time?
3) Hiring a guy to lead the charge who had been OUT of the business for the last decade (and was likely to make all the same mistakes everyone else made during that time)?

Good job, board - you just drove your company into the ground.

I lol'd; I watched Die Hard 2, 3 and 4 this weekend. (I watched the original last weekend.)

I find it funny that nobody is drawing a connection from GOLDMAN SACHS (which, according the OWS crows is eeeeeeeeevil) and the DEMOCRATS (who are somehow never eeeeeeeeeevil, even when they are a. in the 1%, and b. former Chairman of eeeeeeeeevil GOLDMAN SACHS).

I find it odd they only mention Corzine is a DEMOCRAT one time in the article. One would have thought it would warrant mentioning several times about the GOLDMAN SACHS connection and connections to the DEMOCRATS. I mean it isn't like a news story about a DEMOCRAT running a company into the ground is a big news story. Oh, wait. Yes, yes it is.

So, here we have a news article about everything wrong with the world, according to DEMOCRATS and somehow you just know they will pour out the troops to defend the former CEO of GOLDMAN SACHS. Then again, Liberals are known for their larger than life hypocrisy, especially when it comes to DEMOCRATS and GOLDMAN SACHS.

/ over the top?
// Naaaaaahhhh!

cefm: Sounds like the board of directors is the group primarily responsible for this cock-up.

What the F were they thinking? They just seduced themselves with a shiny big name and didn't pay attention to what they were actually DOING by appointing Corzine and supporting his decisions.

1) Turning over (not just cutting but cutting and replacing) over a third of the workforce?
2) Changing from being a low-risk transaction maker to a high-risk positions-holder in a short period of time?
3) Hiring a guy to lead the charge who had been OUT of the business for the last decade (and was likely to make all the same mistakes everyone else made during that time)?

Good job, board - you just drove your company into the ground.

The board is only responsible for (3)

They don't run the company the CEO does.

1macgeek: I find it funny that nobody is drawing a connection from GOLDMAN SACHS (which, according the OWS crows is eeeeeeeeevil) and the DEMOCRATS (who are somehow never eeeeeeeeeevil, even when they are a. in the 1%, and b. former Chairman of eeeeeeeeevil GOLDMAN SACHS).

I find it odd they only mention Corzine is a DEMOCRAT one time in the article. One would have thought it would warrant mentioning several times about the GOLDMAN SACHS connection and connections to the DEMOCRATS. I mean it isn't like a news story about a DEMOCRAT running a company into the ground is a big news story. Oh, wait. Yes, yes it is.

So, here we have a news article about everything wrong with the world, according to DEMOCRATS and somehow you just know they will pour out the troops to defend the former CEO of GOLDMAN SACHS. Then again, Liberals are known for their larger than life hypocrisy, especially when it comes to DEMOCRATS and GOLDMAN SACHS.

/ over the top?
// Naaaaaahhhh!

Corzine was also an advisor to DEMOCRAT Obama and the democrat party

Who the fark lets a former Governor of New Jersey run a company?

1macgeek: I find it funny that nobody is drawing a connection from GOLDMAN SACHS (which, according the OWS crows is eeeeeeeeevil) and the DEMOCRATS (who are somehow never eeeeeeeeeevil, even when they are a. in the 1%, and b. former Chairman of eeeeeeeeevil GOLDMAN SACHS).

I find it odd they only mention Corzine is a DEMOCRAT one time in the article. One would have thought it would warrant mentioning several times about the GOLDMAN SACHS connection and connections to the DEMOCRATS. I mean it isn't like a news story about a DEMOCRAT running a company into the ground is a big news story. Oh, wait. Yes, yes it is.

So, here we have a news article about everything wrong with the world, according to DEMOCRATS and somehow you just know they will pour out the troops to defend the former CEO of GOLDMAN SACHS. Then again, Liberals are known for their larger than life hypocrisy, especially when it comes to DEMOCRATS and GOLDMAN SACHS.

The most astonishing thing about this is the fact that the minute this hit the web, millions of conservatives began feverishly fapping. Simultaneously.

1macgeek: I find it funny that nobody is drawing a connection from GOLDMAN SACHS (which, according the OWS crows is eeeeeeeeevil) and the DEMOCRATS (who are somehow never eeeeeeeeeevil, even when they are a. in the 1%, and b. former Chairman of eeeeeeeeevil GOLDMAN SACHS).

I find it odd they only mention Corzine is a DEMOCRAT one time in the article. One would have thought it would warrant mentioning several times about the GOLDMAN SACHS connection and connections to the DEMOCRATS. I mean it isn't like a news story about a DEMOCRAT running a company into the ground is a big news story. Oh, wait. Yes, yes it is.

So, here we have a news article about everything wrong with the world, according to DEMOCRATS and somehow you just know they will pour out the troops to defend the former CEO of GOLDMAN SACHS. Then again, Liberals are known for their larger than life hypocrisy, especially when it comes to DEMOCRATS and GOLDMAN SACHS.

/ over the top?
// Naaaaaahhhh!



These guys think your a moran

Pretty sure he said the same thing after leaving office of the Governor of NJ.

Corzine puts the Crony in Crony Capitalism. When will people learn to stop voting for Republicans?

He still gets his 12 M severance.

Who cares if everyone else is out of a job.

Jon Corzine, doing for the private sector what he did for New Jersey.

quellic: The most astonishing thing about this is the fact that the minute this hit the web, millions of conservatives began feverishly fapping. Simultaneously.

Ew.

jjorsett: Jon Corzine, doing for the private sector what he did for New Jersey.

But... but... I thought the private sector only promoted excellence!

quellic: The most astonishing thing about this is the fact that the minute this hit the web, millions of conservatives began feverishly fapping. Simultaneously.

Neo-Cons maybe. Actual conservatives? Most likely smacking themselves in the forehead (if they had investments with the company) or shaking their heads muttering "'told ya so".

/right side of the aise
//when it comes to running a business, most folks don't care about politics so long as the company does well
//Corzine has a penchant for snagging defeat from the jaws of victory when it comes to investors (see his tenure at Goldman Sachs, Governor of NJ, Real Estate deals, etc.)

The_Gallant_Gallstone: jjorsett: Jon Corzine, doing for the private sector what he did for New Jersey.

But... but... I thought the private sector only promoted excellence!

Then clearly you thought wrong, and I'd suggest letting someone else manage your money for you. As the evidence makes apparent, plenty of private sector incompetence exists. And it gets penalized. Too bad in this case it'll be the investors who pay the price, but them's the breaks when you make a bad investment decision.

Nope... nothing to see here. Certainly not a former CEO of GOLDMAN SACHS, heavy DEMOCRAT contributor, and debtor to CNBC. Certainly there is no connection to be made between GOLDMAN SACHS, DEMOCRATS and CNBC! Perish the thought. There is no way a former GOLDMAN SACHS CEO and current DEMOCRAT would be buying off CNBC for favorable coverage. Couldn't happen!

I am certain CNBC will explain in detail why a former GOLDMAN SACHS CEO advising DEMOCRATS is beholden to them for so much money. It will put to rest all the nasty rumors about GOLDMAN SACHS, DEMOCRATS and CNBC being in bed together.

/ I am sure they will
// But we won't believe a word of it

The_Gallant_Gallstone: jjorsett: Jon Corzine, doing for the private sector what he did for New Jersey.

But... but... I thought the private sector only promoted excellence!

But...but...I thought taxpayers were only left holding the bag when the government came along and screwed everything up. Oh wait...I thought right.

1macgeek: It will put to rest all the nasty rumors about GOLDMAN SACHS, DEMOCRATS and CNBC being in bed together.

Well you could have added CNBC is owned by GE, who in turn owns Obama.

here are the creditors and biggest shareholders

Link (new window)

oh, poor JPM and DB.

Chris Christie will do much worse compared to Corzine when he enters the private sector.

I've had it with these monday to friday traders in my monday to friday stock market

dumbobruni: here are the creditors and biggest shareholders

Link (new window)

oh, poor JPM and DB.

They're not out any money. They're just trustees for bonds that were issued to the general public. They're the legal creditor for bankruptcy purposes but it's the end bondholders who are on the hook here, and it's them that'll get together and negotiate with MF. JPM and DB are just conduits.

Oh look... another story about how scum can get away with this crap and not even a blemish on their golden parachutes or a spot on their resume, but people on FARK knows what is really important.. .. where credit needs to go.


/If you really think there is a difference at the top there is no reason to argue with you, WWE wrestling is real too.

How long until they start blaming this on the unions?

"All those union-represented brokers did this to us, and not us for gambling on Europe and being wrong."

Goodfella: How long until they start blaming this on the unions?

"All those union-represented brokers did this to us, and not us for gambling on Europe and being wrong."

I was thinking more:
"We'll get you next time, Soros! Next tiiiiime!"

BalugaJoe: He still gets his 12 M severance.

Who cares if everyone else is out of a job.

This seems to _be_ the job, nowadays.

1macgeek: I find it funny that nobody is drawing a connection from GOLDMAN SACHS (which, according the OWS crows is eeeeeeeeevil) and the DEMOCRATS (who are somehow never eeeeeeeeeevil, even when they are a. in the 1%, and b. former Chairman of eeeeeeeeevil GOLDMAN SACHS).

I find it odd they only mention Corzine is a DEMOCRAT one time in the article. One would have thought it would warrant mentioning several times about the GOLDMAN SACHS connection and connections to the DEMOCRATS. I mean it isn't like a news story about a DEMOCRAT running a company into the ground is a big news story. Oh, wait. Yes, yes it is.

So, here we have a news article about everything wrong with the world, according to DEMOCRATS and somehow you just know they will pour out the troops to defend the former CEO of GOLDMAN SACHS. Then again, Liberals are known for their larger than life hypocrisy, especially when it comes to DEMOCRATS and GOLDMAN SACHS.

/ over the top?
// Naaaaaahhhh!



Former New Jersey Gov. Jon Corzine (DEMOCRAT) is one of the top bundlers for Obama, a DEMOCRAT. "He's one of the best partners I have in the White House," "We work together, said Obama of Corzine. Obama, a DEMOCRAT, said that Corzine is "our Wall Street guy."

Mr. Falcon.