Deals
MF Global Granted Corzine $5.4 Million in Stock Options
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MF Global Holdings Ltd. awarded former Chief Executive Officer Jon Corzine about $8.5 million in compensation last year, including almost $5.4 million of stock options in the bankrupt brokerage firm.
Corzine’s pay of about $3.1 million included a bonus of $1.3 million, according to a filing by MF Global in U.S. Bankruptcy Court in Manhattan. Stock options in bankrupt companies are almost always worthless.