Corzine's new salary starts at $1.5 million

A sampling of blog postings this week

Former Gov. Jon S. Corzine's annual salary at MF Global Holdings, a futures and options broker, will start at $1.5 million, according to documents filed by the company with the Securities and Exchange Commission.

The company announced Tuesday that Corzine would be serving as the company's chairman and chief executive officer, effective immediately.

Besides the salary, Corzine is eligible for a signing bonus of $1.5 million and an additional bonus, depending on performance, of at least $2 million for the fiscal year that ends March 31, 2011, according to his employment agreement. Additional compensation includes an option to buy 2.5 million shares of MF Global common stock.

A bill to allow adoptees access to medical histories and birth records was approved Monday by the Senate, 27-10.

The bill would allow adult adoptees access to their original birth certificates as well as family medical histories. Birth parents would have one year from the enactment of the law to let the state know if they did not wish to participate. During the one-year gap, adoptees would be able to contact adoption agencies to obtain nonidentifying medical information.

For years, adoptee advocates have pushed for similar legislation only to watch bills get stopped in one house or the other of the Legislature. The bill now heads to the Assembly.

- Adrienne Lu