In March 2010, Jon Corzine had been out of his job as New Jersey governor for two months. At the same time, the derivatives brokerage firm MF Global was looking for a candidate with both executive and financial sector experience to become its chief executive. Corzine, who had also been the former CEO of Goldman Sachs, seemed like the perfect fit. Apparently, he wasn’t. On Oct. 31, 2011, the company filed for bankruptcy protection and Corzine resigned.
The MF Global CEO left his post on Nov. 4, 2011, after a one year and eight months on the job. A brief tenure, to be sure, but it’s actually not so short-lived when compared to those of some of his contemporaries. A global corporation is no less likely to make questionable executive hiring decisions as the average small business, and CEOs of some major corporations have the short tenures on their resumes to prove it. Click ahead to see some of these here-today-gone-tomorrow CEOs.
By Daniel Bukszpan
Posted 07 December 2011