No Bonuses for MF Global Execs

Trustee tells lawmakers he won’t award bonuses to executives of bankrupt firm.

Senior MF Global Holdings Ltd. executives still working at the bankrupt firm will not receive bonuses, the company’s trustee told lawmakers.

Louis Freeh, the former Federal Bureau of Investigation director serving as trustee for the New York-based firm, committed to lawmakers that he would not award bonuses to current or former employees in the wake of reports that compensation packages for Chief Operating Officer Bradley Abelow, General Counsel Laurie Ferber and Chief Financial Officer Henri J. Steenkamp, were being prepared.

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