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Corzine resigns as head of troubled firm, will not seek severance
By: Bill O'ReillyNovember 4, 2011
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STORY EXCERPT
USA Today: Jon Corzine abruptly resigned as chairman and chief executive of now-bankrupt MF Global Friday, four days after the brokerage collapsed in Wall Street's largest failures over his losing bet on European sovereign debt. The brokerage announced that Corzine, a former U.S. senator and ex-New Jersey governor who once headed Goldman Sachs, "will not seek" severance payments totaling an estimated $12 million.
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