Corzine Lived Up to Risk-Taking Reputation at Helm of MF Global

In his 24-year career at Goldman Sachs Group Inc., Jon Corzine made a name for himself as an intrepid trader who pushed the limits of risk.

So it makes sense that when Corzine, after almost a decade as a U.S. senator and governor, was named chairman and chief executive officer of MF Global Holdings Ltd. in March, 2010, his plan for expanding the futures and commodities trader involved taking more risk, Bloomberg Businessweek reports in its Nov. 7 issue. Less than 20 months later, the company is bankrupt, days after posting a $192 million quarterly loss and disclosing $6.3 billion in bets on European government bonds.