1. MF Global Missing Hundreds of Millions of Customer Money
... Corzine utilized his previous experience of increasing the worth of a company through investments by immediately launching into a bold campaign to boost profits by placing risky bets with the company's money. According to Lisa Endlich's book "Goldman Sachs: The Culture of Success," Corzine lived by the philosophy that losses were justifiable as long as the trades were also. When Corzine began his job at MF Global, he ... bought up big holdings of debt from Spain, Italy, Portugal, Belgium, and Ireland, believing ... that the financial crisis in Europe would soon recover and his stocks wo...
- Word Count: 812
- Approx Pages: 3
- Has Bibliography
- Grade Level: Undergraduate