Vanity Fair business writers, contributing editors Bryan Burrough, William D. Cohan, and Bethany McLean discuss the personal and professional tribulations of Jon Corzine. They spoke to friends and associates of the embattled former Goldman C.E.O. and New Jersey governor to examine the private demons and blind ambition that led Corzine to the MF Global scandal. Their article “Jon Corzine’s Riskiest Business” is in the February issue of Vanity Fair. The paperback release of William Cohan's latest book, Money and Power: How Goldman Sachs Came to Rule the World, is out today.
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Comments [15]
Great reporting - great interview.
IT IS IN THE SOFA
How much of his demise was because of timing? Was he successful at Goldman because he had money to cover the market until the expected outcome happened but was caught with out backup at MF Global?
could we hear a bit about pay to play, the atrition deal, and the pension fund?
John Corzine had that awful car accident several years ago also due to reckless behavior. Today's guests say they believe he wouldn't knowingly break the law, and per se that may be so, but he definitely is a rule bender (everybody does it) which his speeding accident demonstrates
...Paulson and Corzine, that is.
None of the deadhead congressmen asked the obvious question "Did you ever say 'I don't care where you find the money, do whatever it takes to cover those positions,' or something to that effect?"
$1.2B out of $45B under management by MF Global. About 2.7%.
Both these guys belong in jail!
The recent NJ Tpke and GS Parkway toll increases - intended to finance the ARC Tunnel Project that was canned by Christie - took effect this past January 1. The governor and his surrogates are tagging this increase on Corzine. Is this truth or just game playing?
40 people on my floor of my office building lost their jobs because of MF Global going under. The firm was doing fine before this guy had to "GO FOR IT" He belongs in jail.
Guest said: He's a very driven guy.
Isn't that how he got slammed into a barrier on the side of the road?
Shouldn't the SEC bring back the Net Capitalization rule, and did it ever apply to commodities/futures broker dealers?
Leonard, did your intro say the money "turned up missing"?
Ha!
Ask Yogi Berra where it went.
Was Corzine fired from Goldman Sachs?
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