|54th Governor of New Jersey|
January 17, 2006 – January 19, 2010
|Preceded by||Richard Codey|
|Succeeded by||Chris Christie|
|United States Senator
from New Jersey
January 3, 2001 – January 17, 2006
|Preceded by||Frank Lautenberg|
|Succeeded by||Robert Menendez|
|CEO of Goldman Sachs|
August 4, 1994 – August 8, 1999
|Preceded by||Stephen Friedman|
|Succeeded by||Henry Paulson|
|CEO of MF Global|
March 23, 2010 – November 4, 2011
|Preceded by||Bernard Dan|
|Succeeded by||Position eliminated|
|Born||Jon Stevens Corzine
January 1, 1947
|Spouse(s)||Joanne Dougherty (m. 1969; div. 2003)
Sharon Elghanayan (m. 2010)
|Residence||Hoboken, New Jersey|
|Alma mater||University of Illinois (B.A.)
University of Chicago Booth School of Business (M.B.A.)
|Religion||United Church of Christ|
|Service/branch||United States Marine Corps|
|Years of service||1969–1975|
Jon Stevens Corzine (born January 1, 1947) is an American financial executive and former politician. A Democrat, he was a United States Senator from New Jersey from 2001 to 2006 and was the 54th Governor of New Jersey from 2006 to 2010. He also worked as CEO of Goldman Sachs during the 1990s and was CEO of MF Global from 2010 to 2011. He was charged by the Commodity Futures Trading Commission (CFTC) in connection with MF's bankruptcy in 2011.
Corzine began his career in banking and finance. In the early and mid-1970s, he worked for Midwestern banks (Continental-Illinois National Bank in Chicago, Illinois and BancOhio National Bank in Columbus, Ohio) during and after his Master of Business Administration (MBA) studies at the University of Chicago Booth School of Business. In 1975 he moved to New Jersey to work for Goldman Sachs. He became Chairman and CEO of Goldman Sachs and the leading advocate in the firm's decision to go public. In 1999, having lost a power struggle with Henry M. Paulson, Corzine left the firm. After his departure from Goldman Sachs, he earned what has been estimated to be $400 million during the 1999 initial public offering of the company.
Corzine served five years of a six-year U.S. Senate term representing New Jersey before being elected governor in 2005. He was defeated for re-election in 2009 by Republican Chris Christie. In March 2010, Corzine was named chairman and CEO of MF Global Inc., a financial services firm specializing in futures brokerage. The company filed for bankruptcy protection in October 2011 after losing $1.6 billion of customer money and Corzine resigned on November 4, 2011.
- 1 Early years, education, and early business career
- 2 Goldman Sachs
- 3 U.S. Senate
- 4 Campaigns for governor
- 5 Governor of New Jersey
- 6 Post-gubernatorial career
- 7 Electoral history
- 8 Personal life
- 9 See also
- 10 Notes and references
- 11 External links
Early years, education, and early business career
Corzine was born in central Illinois, the son of Nancy June (née Hedrick) and Roy Allen Corzine. He grew up on a small family farm in Willey Station, Illinois, and near Taylorville. After completing high school at Taylorville High School, where he had been the football quarterback and basketball captain, he attended the University of Illinois at Urbana-Champaign, where he was a member of the Phi Delta Theta fraternity, and graduated in 1969, earning Phi Beta Kappa honors. While in college, he enlisted in the United States Marine Corps Reserve and served from 1969 until 1975, attaining the rank of sergeant. In 1970 he enrolled in the University of Chicago Booth School of Business, from which he received a Master of Business Administration degree in 1973.
His first business experience was in the bond department of Continental Illinois National Bank, where he worked days while attending the Booth School of Business MBA program at night. He then moved to BancOhio National Bank, a regional bank in Columbus, Ohio, that was acquired in 1984 by National City Bank. Corzine worked at BancOhio until 1975 when he moved his family to New Jersey and was hired as a bond trader for Goldman Sachs.
Over the years, he worked his way up to Chairman and CEO of the company in 1994 and successfully converted the investment firm from a private partnership to a publicly traded corporation. Corzine also chaired a presidential commission for Bill Clinton and served on the U.S. Treasury Department's borrowing committee. As a Goldman Sachs senior partner, he was summoned to help develop a rescue package for the hedge fund Long Term Capital Management when the leveraged fund's collapse in the fall of 1998 threatened contagion across the U.S. financial system. According to U.S. News & World Report, Corzine did not get along with co-CEO Henry Paulson, who came from the other major area of the bank, investment banking. When Corzine decided to help the bailout, Paulson seized control of the firm. As co-chairman of the firm, he oversaw its expansion into Asia. When Goldman Sachs went public after Corzine's departure, Corzine made $400 million.
Corzine has participated in meetings of the Bilderberg Group, a network of leaders in the fields of politics, business, and banking, from 1995–1997, 1999, 2003 and 2004. He is a former member of the group's Steering Committee.
After being forced from Goldman Sachs in January 1999, Corzine campaigned for a New Jersey Senate seat after Frank Lautenberg announced his retirement. Despite initially trailing behind his opponent in the Democratic primary by 30 percentage points, Corzine won the nomination and was subsequently elected to the Senate by a four-percent margin over his Republican opponent, four-term United States Congressman Bob Franks, in the November 2000 election and was sworn into the Senate in January 2001.
He spent more than $62 million of his own money on his campaign, the most expensive Senate campaign in U.S. history – over $33 million of this was spent on the primary election alone, where he defeated former Governor James Florio 58–42%. Franks had been a last-minute choice because New Jersey Governor Christine Todd Whitman had been expected to run for the Senate. The record $62 million amount surpassed Michael Huffington, who spent nearly $28 million in an unsuccessful 1994 Senate race.
During the campaign, Corzine refused to release his income tax return records. He claimed an interest in doing so, but he cited a confidentiality agreement with Goldman Sachs. Skeptics argued that Corzine should have followed the example of his predecessor Robert Rubin, who converted his equity stake into debt upon leaving Goldman.
Corzine campaigned for state government programs including universal health care, universal gun registration, mandatory public preschool, and more taxpayer funding for college education. He pushed affirmative action and same-sex marriage. David Brooks opined that Corzine was so liberal that his election, although the fact that his predecessor was also a Democrat, helped push the Senate to the left.
During Corzine's campaign for the United States Senate, he made some controversial off-color statements. When introduced to a man with an Italian name who said he was in the construction business, Corzine quipped: “Oh, you make cement shoes!" according to Emanuel Alfano, chairman of the Italian-American One Voice Committee. Alfano reported that when introduced to a lawyer named David Stein, Corzine said: "He's not Italian, is he? Oh, I guess he's your Jewish lawyer who is here to get the rest of you out of jail." Corzine denied mentioning religion, but did not deny the quip about Italians, stating that some of his own ancestors were probably Italian, or maybe French.
Also in 2000, Corzine denied having made payments to African-American ministers, although the foundation controlled by Jon and Joanne Corzine had paid one influential black church $25,000. Rev. Reginald T. Jackson, director of the Black Ministers Council, had campaigned against a form of racial profiling whereby police officers stop minority drivers and had gotten New Jersey state police superintendent, Carl A. Williams, fired. Corzine had donated to Jackson prior to getting what appears to be a reciprocal endorsement.
Corzine entered Congress in a class of ten new senators, eight of whom were Democrats. According to U.S. News & World Report, Corzine, Hillary Clinton and Jean Carnahan were the more notable new Senators in 2000. During his five-year senatorial career, he was present at 1503 of 1673 votes, co-sponsored 1014 bills, sponsored 145 bills (only 11 of which made it out of committee), and had one sponsored bill enacted.
He co-authored the Sarbanes-Oxley Act. In the aftermath of Enron, he co-sponsored (with Barbara Boxer) legislation, which was later propounded by Ted Kennedy, that reforms the 401(k) plan to minimize the risk of investment portfolios. The plan was opposed by President George W. Bush and faced strong opposition in Congress. Restrictions on retirement account allocations were in direct opposition to the contemporaneous movement towards self-directed individual retirement accounts for Social Security.
Corzine was a sponsor of the Start Healthy, Stay Healthy Act. He supported providing a two-year tax break to victims of the September 11, 2001 attacks and help grant citizenship to victims who were legal resident aliens. He supported gun control laws, outlawing racial profiling, and subsidies for Amtrak. He was the chief sponsor, along with U.S. Senator Sam Brownback, of the Darfur Accountability Act. He voted against the Iraq War Resolution. Corzine was the prime sponsor, along with fellow New Jersey U.S. Senator Frank Lautenberg, of a federal version of John's Law, in memory of Navy Ensign John R. Elliott (a native of New Jersey), a U.S. Naval Academy graduate who was killed by a drunk driver. The legislation provides federal highway safety grant incentives to encourage states to impound the cars of DUI suspects. He was an early contributing blogger at The Huffington Post.
In the aftermath of the September 11, 2001, attacks, Corzine and Peter Fitzgerald attempted to mold a more disciplined bailout of the airline industry, but even the redesigned plan was not entirely satisfactory to Corzine. Corzine opposed the reduction in low-income student eligibility for Pell Grant funding caused by changes in the "expected family contribution".
Corzine tried and failed to introduce legislation for chemical plant regulation six weeks after the September 11, 2001 attacks. Subsequent efforts by then-Administrator of the Environmental Protection Agency and former New Jersey Governor Christine Todd Whitman in 2002 were also squelched. Along with Hillary Clinton, he was one of the few senators who attempted to pressure the Bush administration to clamp down on regulation of the chemical and nuclear-power industries. His efforts helped make New Jersey one of the stricter states in the nation in terms of chemical plant regulation.
In 2001, Corzine coauthored (with Bob Graham) a tax-cut proposal aimed at lowering the marginal tax bracket from 15% to 10% on the first $19,000 of taxable income. In 2002, he proposed a tax cut that exempted the first $10,000 of income from the $765 of Social Security taxes for both employers and employees. Corzine also proposed making dividend payments tax deductible to companies as a form of economic stimulus.
While in the Senate, he chaired the Democratic Senatorial Campaign Committee from 2003–2005. In this role he was influential in convincing certain potential candidates to not run in order to avoid costly primaries in three key states during the 2004 United States Senate elections. He also played a role in the selection of Senator John Edwards as a running mate for Senator John Kerry. In 2002, Corzine called for the resignation of United States Securities and Exchange Commission Chairman Harvey Pitt.
Campaigns for governor
Corzine and his opponent, Republican Doug Forrester, spent $73 million on their gubernatorial campaigns by the week before Election day. This included $38 million by Corzine and $19 million by Forrester for the general election. The primaries accounted for the difference. Since Corzine had spent over $62 million on his 2000 United States Senate elections, the combined expenditures for Corzine's run for the Senate and governorship exceeded $100 million. The main campaign issues were property taxes and the Bush administration. New Jersey had averaged $5,500 in 2004 property taxes, and Corzine tried to link his opponent to Bush.
The campaign for the post of Governor of New Jersey was successful with 54% of the vote. Forrester, a businessman and a former Mayor of West Windsor Township, in Mercer County, won 43%. Corzine received 1,224,493 votes to Forrester's 985,235. A total of 80,277 votes, or 3%, were scattered among other candidates. Corzine won 13 of New Jersey's 21 counties: Atlantic, Bergen, Burlington, Camden, Cumberland, Essex, Gloucester, Hudson, Mercer, Middlesex, Passaic, Salem, and Union. Corzine won the three most populous counties (Bergen, Essex, and Middlesex), five of the top six, and seven of the top nine.
Corzine ran for re-election in the 2009 New Jersey gubernatorial election. Early on, Rasmussen Reports indicated that Republican challenger Chris Christie led Corzine 47% to 38%. Later polls showed Corzine closing the gap, and in some cases, ahead. In the end, Corzine lost the race to Christie by a margin of 48.5% to 44.9%, with 5.8% of the vote going to independent candidate Chris Daggett.
Governor of New Jersey
Corzine officially declined his $175,000 salary in 2006.
After taking office in January 2006, Corzine's approval numbers were very low. Many polls seemed to indicate that much of this negative polling was a result of the 2006 New Jersey State Government shutdown. An April 26, 2006, polls from Quinnipiac University Polling Institute showed Corzine at a 15% approval with a 72% disapproval. A February 28, 2007, poll from Quinnipiac University showed Corzine at 50% approval with 34% disapproval. When Corzine released a controversial plan to monetize the New Jersey Turnpike and the Garden State Parkway, his approval rating fell to 30% in January 2008.
In conjunction with this fall in approval rating, an initiative to recall the Governor was started for the first and only time ever in New Jersey history. The recall effort failed after gathering less than the required 1.2 million signatures.
Corzine had long insisted that state employees must bear part of the cost of their health benefits after retirement. As of July 1, 2007, in agreements with the Communications Workers of America, the American Federation of State, County, and Municipal Employees, and the International Federation of Professional and Technical Engineers, active State employees in those unions (as well as certain other non-union employees) are now required to contribute 1.5% of their salary to offset health care costs. State and local employees’ contributions to the two largest pension systems increased by 10%, from 5% to 5.5% of their annual salaries and increased the retirement benefit age for new public employees, from 55 to 60 years. In 2008, Corzine approved a law that increased the retirement age from 60 to 62, required that government workers and teachers earn $7,500 per year to qualify for a pension, eliminated Lincoln's Birthday as a state worker holiday, allowed the state to offer incentives not to take health insurance and required municipal employees work 20 hours per week to get health benefits.
As part of his attempt to balance the budget, Corzine decreased funding to most programs and localities including state universities and colleges. The first of these decreases came with the 2007 budget. Rutgers University and other New Jersey state universities have raised tuition, cut hundreds of sections of classes, and several sports teams. With the latest decrease in funding for 2009, most state institutions have less funding than they had a decade ago. Despite the $15 million in cuts, Rutgers went ahead with previous agreed upon raises of $15 million to their executive faculty. This resulted in Rutgers making $30 million in cuts.
Corzine has been the only New Jersey governor in recent memory to make any headway in addressing the crisis of municipal funding. While not directly touching the third rail of New Jersey governance – property taxes – Corzine's reform of the school funding formula (passed and signed in January 2008) resulted in significant relief to many New Jersey towns with outsize school costs but limited tax base. The plan survived a legal challenge and was declared constitutional by the New Jersey Supreme Court on May 28, 2009.
Corzine championed expanding government health and education programs. He planned to require every resident to enroll in a health plan and have taxpayers help pick up the tab for all the welfare low- and middle-income residents. In June 2008, state legislators voted for the first phase of that program mandating health care coverage and Corzine signed it into law in July.
Corzine spent some $200,000 of public funds on advertisements to promote a referendum on the 2007 New Jersey ballot to borrow $450 million to fund stem cell research. The referendum faced strong opposition and was rejected despite the fact that $270 million had previously been approved to build stem cell research centers.
Corzine, a death penalty opponent, as governor supported and presided over abolition of capital punishment in New Jersey and replacing it with life imprisonment. After the legislature passed and he signed it into law, New Jersey became the first state to legislatively eliminate capital punishment since 1965. Although the bill was not passed until late in 2007, New Jersey had not executed any criminals since 1963. Because the penalty was never used and often reversed upon appeal, it was viewed as a form of extended suffering for victims' families by some supporters of its abolition. Before the enactment of the new law, he commuted the death sentences of all death row inmates to life in prison. Corzine also has supported early New Jersey efforts at gun control.
Corzine was one of several United States Governors – including Martin O'Malley of Maryland, Mike Beebe of Arkansas, and Eliot Spitzer of New York – who were early supporters of Hillary Clinton's 2008 presidential campaign. He raised $1 million for her campaign. He, Bill Clinton, Eliot Spitzer, Chuck Schumer, and Charlie Rangel co-hosted Clinton's October 25, 2007 60th-birthday party. He remained a committed Clinton superdelegate late into the 2008 Democratic Party presidential primary season. In the event the Democratic National Committee would have decided to recontest the Michigan and Florida primaries, Corzine and Ed Rendell were prepared to spearhead Clinton's fundraising in for those races. Towards the end of the primary season in April 2008, Corzine made it clear that although he was a Clinton supporter, his superdelegate vote would be determined by the popular vote. After her win in the April 22, 2008 Pennsylvania Democratic primary and a calculation of popular votes that excluded caucuses and included the controversial Michigan and Florida Democratic primaries, Corzine reaffirmed his support for her. Once Barack Obama became the presumptive nominee, Corzine became a prominent spokesperson for Obama's agenda.
Corzine was among a group of big (in terms of population) state governors, such as Republican Arnold Schwarzenegger, who moved his state Republican and Democratic primaries to February 5, 2008, the date of Super Tuesday, 2008. He was also among a group of prominent Democratic politicians (that included Ted Kennedy and Barack Obama) who received political contributions from Norman Hsu that he ended up donating to charity.
In November 2008, in response to the ongoing economic downturn, Corzine proposed an economic recovery package consisting of additional massive spending, accelerated capital improvement spending and reforms and cuts to the corporate income tax. As of December 2008 many elements of the plan had been approved by the Democrats in the NJ Legislature. On January 2, 2009, Corzine joined the governors of four other states in urging the federal government to provide $1 trillion in aid to the country's 50 state governments to help pay for education, welfare and infrastructure as states struggle with steep budget deficits amid a deepening recession.
Corzine, in attempting to pass the 2007 fiscal year budget, clashed with a few fellow state Democrats in the New Jersey General Assembly, particularly over the proposed increase of the state's sales tax from 6% to 7%. Corzine said that he would not accept a budget that did not include the sales tax increase. After the legislature failed to pass Corzine's budget by the midnight deadline of July 1, 2006, he signed an executive order that immediately closed down all non-essential state government services, such as road construction projects. Legislators failed to resolve the situation by July 4 and casinos, among other governmentally-regulated industries, closed their doors at 8:00 am on July 5. Corzine called the shutdown "deplorable," though he refused to negotiate with legislators and accept alternate plans that did not increase the sales tax. It is estimated that the state lost several hundred millions of dollars of revenue every day the casinos remained closed, because of the budget impasse.
After six days of state government shutdown, Corzine and Assembly Democrats agreed to raise the state sales tax to 7% with half of the 1% increase going to the state budget and the other half going to property tax relief. On July 8, 2006, the $30 billion state budget, with the sales tax agreement, passed both houses and Governor Corzine signed the budget into law ending the budget impasse.
Toll hike plan
Initially, Corzine opposed privatization of the New Jersey Turnpike. On January 8, 2008, to address ongoing structural budget issues, Governor Corzine proposed a four-part proposal including an overall reduction in spending, a constitutional amendment to require more voter approval for state borrowing, an executive order prohibiting the use of one-time revenues to balance the budget and a controversial plan to raise some $38 billion by leasing the Garden State Parkway, the New Jersey Turnpike, and other toll roads for at least 75 years to a new public benefit corporation that could sell bonds secured by future tolls, which it would be allowed to raise by 50% plus inflation every four years beginning in 2010. Corzine vowed to get that plan through the state legislature by March, but held off for nearly a month before releasing the details. Upon learning how the plan would work, New Jersey native residents railed against it, comparing it to using one credit card to pay off another, pointing out that it would create hardship for commuters and noting that it would actually increase the state's $32 billion debt.
Corzine, who was running for the United State Senate in the spring of 1999, met Carla Katz, the then married president of Local 1034 of the Communications Workers of America (CWA), in the same apartment building where he resided in Hoboken; the CWA represents the largest number of state workers in New Jersey. As Katz later recalled, Corzine offered her a job on his Senate campaign, but she declined the offer. Corzine and the still married Katz were soon dating, and they began appearing in public as a couple in early 2002, shortly after Corzine's unofficial separation from his wife, Joanne. (The Corzines divorced the following year.) For more than two years Corzine was romantically involved and living with Katz. She lived with him at his apartment building in Hoboken from April 2002 until August 2004.
After Corzine's breakup with Katz, their lawyers negotiated a financial payout in November 2004. According to press accounts, the settlement for Katz exceeded $6 million, including cash (in part used to buy her $1.1 million condominium in Hoboken), a college trust fund to educate her children, a 2005 Volvo sport utility vehicle, and Corzine forgave a $470,000 loan he had made to Katz in 2002 to buy out her ex-husband's share of their home in Alexandria Township. Katz enrolled in Seton Hall University School of Law on a full scholarship in 2004. Corzine later acknowledged he had given $15,000 to Katz's brother-in-law, Rocco Riccio, a former state employee who was forced to resign after being accused of examining income tax returns for political purposes. At the time, Katz was president of the CWA Local 1034, which bargains on behalf of many state employees.
In the summer of 2005, when Corzine was running in the New Jersey gubernatorial election, news first emerged of his relationship with Katz and the money she had received. Corzine was elected governor despite the scandal. In the fall of 2006, during an impasse in contract negotiations between the Corzine administration and the state's seven major state employee unions (including the CWA), Katz contacted the governor by phone and e-mail to lobby for a renewal of the negotiations. Their relationship and the financial settlement Katz received after their breakup led to allegations of many potential conflicts of interest in labor negotiations while Corzine was governor. A state ethics panel, acting on a complaint from Bogota mayor Steve Lonegan, ruled in May 2007 that Katz's contact with Corzine during negotiations did not violate the governor's code of conduct.
Separately, New Jersey Republican State Committee Chairman Tom Wilson filed a lawsuit to release all e-mail correspondence between Corzine and Katz during the contract negotiations. On May 30, 2008, New Jersey Superior Court Judge Paul Innes ruled that at least 745 pages of e-mail records should be made public, but Corzine's lawyers immediately appealed the decision to the New Jersey Supreme Court.
Corzine won his case on appeal. On March 18, 2009, the New Jersey Supreme Court ruled it would not hear arguments in the case, effectively ending the legal battle to make his e-mails with Katz public. Corzine spent approximately $127,000 of taxpayer funds to keep the e-mails secret. Nonetheless, on August 1, 2010, The Star-Ledger published 123 of the Corzine-Katz e-mails, revealing the extent of their personal contact during negotiations over a new state government workers contract in early 2007.
Corzine continued to serve in the U.S. Senate while running for governor, which ensured that he could resign from the Senate and appoint a Democrat as his successor if he won and allowed him to retain his Senate seat if he lost. Speculation was that he would appoint a Democrat from one of the congressional districts in New Jersey, perhaps Congressmen Rob Andrews, Rush Holt, or Frank Pallone. He appointed Governor Richard Codey although on November 23, 2005, he announced that he was not interested in pursuing the seat. On December 9, 2005, Corzine named his friend, who lived and lives in the same apartment building, U.S. Rep. Robert Menendez, a Democrat, to succeed him.
One of Corzine's first nominations was that of Zulima Farber as New Jersey Attorney General. She served for approximately seven months until an ethics investigation concluded that she had acted improperly by going to the location where local police in Fairview, New Jersey had stopped her boyfriend, Hamlet Gore, for driving with a suspended license and an expired vehicle registration. Corzine said he did not ask for Farber's resignation.
On February 9, 2006, after many scandals regarding financial mishandling at the University of Medicine and Dentistry of New Jersey, Corzine nominated Robert Del Tufo, the former Attorney General of New Jersey and U.S. Attorney, as chairman of the board of trustees. Corzine also nominated Oliver Quinn, Prudential Financial's vice president and chief ethics officer, as vice chairman of the board.
Corzine's commissioner of the Department of Environmental Protection and Chief of Staff, Lisa P. Jackson was nominated as the administrator of the United States Environmental Protection Agency. She was confirmed by the Senate on January 22, 2009.
On April 12, 2007, Corzine and 25-year-old aide Samantha Gordon were injured in an automobile accident on the Garden State Parkway near Galloway Township while traveling from the New Jersey Conference of Mayors in Atlantic City to Drumthwacket, his residence in Princeton, to meet with radio personality Don Imus and the Rutgers University women's basketball team.
The New Jersey State Police determined that Corzine's SUV, driven by a state trooper, was traveling in excess of 90 miles per hour (140 km/h) with its emergency lights flashing when the collision occurred. A pickup truck drifted onto the shoulder and swerved back onto the lane, and another pickup truck swerved to avoid the truck and hit the Governor's SUV, causing the SUV to hit the guardrail. The State Police reviewed roadside camera recordings and E-ZPass records to track down the driver of the truck; he was not charged with any violation.
Corzine and the trooper were flown by helicopter to Cooper University Hospital in Camden, a Level I trauma center. The aide was taken by ambulance to Atlantic City Medical Center. Neither the NJ State Trooper nor the aide was seriously injured, but Corzine suffered broken bones, including an open fracture of the left femur, 11 broken ribs, a broken sternum, a broken collarbone, a fractured lower vertebra, and a facial cut that required plastic surgery. The Governor was not wearing a seat belt. Friends had long said that they had rarely seen him wear one. When asked why the state trooper who was driving would not have asked Corzine to put on his seat belt, a staffer said the governor was "not always amenable to suggestion". The Superintendent of State Police has also noted that the trooper could be charged if the crash was preventable.
By April 23, 2007, Corzine's doctors had upgraded him from critical to stable condition. He was sedated and unable to speak because of a breathing tube in his throat, and as such, was unable to perform his duties as governor. In accordance with the New Jersey State Constitution, New Jersey Senate President Richard Codey assumed the position of acting governor for the short period from April 12 until May 7, 2007. In 2005, voters had approved an amendment to the state constitution to provide for a lieutenant governor who would succeed the governor in the event of a vacancy or assume gubernatorial duties in the event of incapacitation, but that position would not be filled until 2010.
Corzine left the hospital on April 30, 2007., sped to Drumthwacket, where he recuperated and which had been outfitted with a videoconferencing center (at his expense) so he could communicate with legislators. He issued an apology, paid a $46 ticket for not wearing a seat belt, and he appeared in a public service announcement advocating seat belts which opened with the words "I'm New Jersey Governor Jon Corzine, and I should be dead."
It was reported that Corzine would pay his own medical bills rather than bill taxpayers.
During the first months of his administration, Corzine experienced favorable approval ratings. According to a March 2006 Fairleigh Dickinson PublicMind Poll, 47% of New Jersey voters approved of the job Corzine was doing, while 16% disapproved. Peter Woolley, director of the PublicMind, noted, "the numbers are pretty good for a New Jersey governor heading full tilt into an unprecedented budget crisis". Much of the good will that was indicated by the March poll was quickly diminished, and in April 2006, a PublicMind poll showed that Corzine's approval rating had eroded to 39% while his disapproval rating increased to 36%. By July 2006, the Governor's ratings recovered to some extent from the April decline and in September of the same year it was clear that Corzine's approvals had not suffered from the summer conflict over the budget and the sales tax hike; 51% of New Jersey voters approved of the governor's handling of his job while 31% disapproved. His PublicMind poll ratings remained relatively stable and healthy through the rest of 2006 and 2007 with his average approvals at 54% and his average disapprovals at 29%.
In January 2008, prior to the State of the State address Corzine was at 48% approving 32% disapproving, according to the PublicMind poll. But another FDU PublicMind poll taken in late January, after the State of the State address, showed that governor's ratings were slipping; 41% of voters approved of the job Corzine was doing while 39% reported that they disapproved. The decline was largely in response to the governor’s plan to raise tolls on the New Jersey Turnpike and the Garden State Parkway. February 2008 was not any kinder, as a PublicMind poll indicated that his numbers continued to slip with disapprovals catching up to approvals with 42% of voters approving and 43% of voters disapproving. Woolley remarked on the decline saying, "Considering the beating he has taken on his toll plan, it's remarkable that his numbers are not a good deal worse." The governor's approval ratings showed no recovery through September 2008 with his approvals and disapprovals averaging 42% and 43% respectively. Coincident with the presidential campaign, Corzine's approval ratings saw some improvement.
In January 2009 he stood at 46% approving and 40% disapproving. Woolley asserted that the governor was faring relatively well in public opinion considering "the enormous and growing pressure on the state budget and on the governor to protect various constituencies". Come March 2009, the PublicMind Poll found that, "Gov. Jon Corzine's standing with the New Jersey public is suffering along with the economy," and as a result his approvals began to slip with 40% of voters approving and 43% disapproving. His approvals continued to decline in April as he contended with the budget and the financial crisis with 40% approving and 49% disapproving. At the end of his term, in January 2010, Corzine’s approvals landed at their lowest point during the administration with 33% approving and 58% disapproving.
Corzine was appointed CEO and Chairman of MF Global, a multinational futures broker and bond dealer, in March 2010.
MF Global's stock price declined two-thirds in the final week of October 2011 and its credit rating was reduced making its debt high-yield debt following huge quarterly losses. On October 31, 2011, trading was halted on shares of MF Global prior to the market opening, and soon thereafter MF Global announced that it had declared Chapter 11 bankruptcy. Shortly afterwards, federal regulators began an investigation into hundreds of millions of dollars in missing customer funds. Corzine resigned as CEO on November 4, 2011, after having retained the services of defense attorney Andrew J. Levander. It was reported that Corzine declined a severance package worth $12.1 million. MF Global's collapse was one of the ten biggest bankruptcies in U.S. history.
Corzine was subpoenaed to appear before a House committee on December 8, 2011, to answer questions regarding 1.2 billion dollars of missing money from MF Global client accounts. He testified before the committee, "I simply do not know where the money is, or why the accounts have not been reconciled to date", and that given the number of money transfers in the final days of trading at MF Global, he didn't know specifics of the movement of the funds. He also denied authorizing any misuse of customer funds. On January 30, 2012, it was reported that officials investigating the case believed most of the money is unrecoverable. In March 2012, Bloomberg reported that a memo produced by congressional investigators quotes an internal company e-mail as saying Corzine gave "direct instructions" to use customer money to cover the company's own shortfalls prior to bankruptcy. A Corzine spokesperson responded that Corzine "never gave any instruction to misuse customer funds and never intended anyone at MF Global to misuse customer funds".
In February 2013, a court approved a settlement deal among commodities firm MF Global's bankruptcy trustees that will reimburse its customers for 93 percent of the value of their accounts, from which about $1.6 billion had disappeared during the firm's bankruptcy.
In June 2013, the Commodity Futures Trading Commission filed civil charges against Corzine for using funds from MF's customer accounts for corporate purposes. "Corzine is charged with one count of failure to segregate and misuse of customer funds and one count of failure to supervise diligently", a news report said. The commission drew on extensive taped Corzine phone conversations in filing the complaint. Corzine's attorney Levander issued a statement contesting the charges when they were filed.
Corzine, and managers including Bradley Abelow and Henri Steenkamp, are appealing a court ruling calling for 100 percent repayment to customers of the bankrupt brokerage. The ruling was made on November 5, 2013, by U.S. Bankruptcy Judge Martin Glenn and would allow all missing customer funds to be returned by the end of the year.
As of 2010[update] Corzine served as a partner at J.C. Flowers & Co., the private equity firm founded by a personal friend, J. Christopher Flowers. Flowers owned a 10 percent stake in MF Global and is also a former Goldman Sachs partner.
|New Jersey U.S. Senate Election 2000|
|New Jersey Gubernatorial Election 2005|
|New Jersey Gubernatorial Election 2009|
|Republican gain from Democratic||Swing|
Corzine married his high school sweetheart, Joanne Dougherty, in 1969 at the age of 22, and their 33-year marriage produced three children – Jennifer, Josh, and Jeffrey. The couple separated in 2002 and were divorced in November 2003. Jeffrey Corzine, Jon's younger son committed suicide on March 13, 2014 in Mexico, age 31.
In April 2010, The Huffington Post announced the engagement of Corzine and psychotherapist Sharon Elghanayan (née Levine), whom he had been dating since 2004. On November 23, 2010, Corzine married Elghanayan in a ceremony presided over by Chief Justice of the New Jersey Supreme Court Stuart Rabner, according to an announcement in The New York Times.
Notes and references
- "Jon Corzine". StateLawyers.com. Retrieved July 29, 2008.
- Foley, Stephen (November 18, 2011). "What price the new democracy? Goldman Sachs conquers Europe". The Independent (London). Retrieved November 18, 2011.
- Derer, Mike (June 7, 2000). "Who Wants to Vote for a Multimillionaire?". Time (Time Inc.). Retrieved July 17, 2008.
- "MF Global trustee doubles estimates of shortfall". Reuters. November 22, 2011.
- Schaefer, Steve. "New York Fed Severs Tie With Bankrupt MF Global, Down To 21 Primary Dealers". Forbes.
- Leising, Matthew; Cristina Alesci (November 4, 2011). "Jon Corzine Resigns From MF Global After Bankruptcy, Won’t Seek Severance". Bloomberg L.P. Retrieved November 6, 2011.
- Peterson, Iver (April 9, 2000). "Around Jon Corzine's Roots, a Casual Indifference to Ethnicity". The New York Times (The New York Times Company). Retrieved July 20, 2008.
- Gohlke, Josh. (September 18, 2005). "Corzine's success had humble beginning". The Record (Bergen County).
Taylorville is the sort of town where one faces an early choice between staying or leaving, and Corzine is a dramatic example of the latter. His links to the place have only dwindled further in recent years with the deaths of a close friend and his last local relative, as well as his 2003 divorce from his wife, Joanne, whom he dated at Taylorville High School.
- Rhoads, Mark (April 13, 2007). "Gov. Jon Corzine in Critical Condition". Illinois Review (online). Illinois Review. Retrieved November 3, 2007.
- "Corzine, Jon Stevens, (1947– )". Biographical Directory of the United States Congress. Retrieved July 30, 2008.
- "Members of Congress / Jon Corzine". The United States Congress Votes Database (The Washington Post Company). Retrieved July 30, 2008.
- "About the Governor". State of New Jersey. 2007. Archived from the original on December 13, 2007. Retrieved November 3, 2007.
- Endlich, Lisa J. (1999). Goldman Sachs: The Culture of Success. Knopf. p. 221. ISBN 978-0-679-45080-1.
- Greenwald, John (October 5, 1998). "The Brightest and the Brokest". Time. Retrieved July 17, 2008.
- "Jon Corzine and Henry Paulson Jr.; Gabrielle Reece; William H. ("Holly") Whyte; John W. Hinckley Jr.". U.S. News & World Report. January 17, 1999. Retrieved July 28, 2008.
- Schwartz, Nelson D. (May 12, 2010). "Corzine Starting Small in Bid for Redemption". The New York Times. Retrieved May 13, 2010.
- "Power Play: Goldman's Hank Paulson Won the Battle to Oust Dick Grasso Over His Lavish Pay. But Will He Win the War?". Newsweek. June 7, 2004. Retrieved July 21, 2008.
- Church, George J. (December 21, 1998). "Diamonds Buried in The Rubble". Time. Retrieved July 17, 2008.
- "Bilderbergers celebrate half a century of intrigue, secrecy" 20 (13). The New American. June 28, 2004. ISSN 0885-6540.
Attendees from the U.S. this year reportedly included: Senators Jon Corzine (D-N.J.) and John Edwards (D-N.C.); ... Peter Weinberg, CEO of Goldman Sachs International; and James Wolfensohn, president of the World Bank.
- "Former Steering Committee Members". bilderbergmeetings.org. Bilderberg Group. Retrieved 2014-02-08.
- Roose, Kevin (2014). Young Money: Inside the Hidden World of Wall Street's Post-Crash Recruits. London, UK: John Murray (Publishers), An Hachette UK Company. p. 206. ISBN 978-1-47361-161-0.
- Hosenball, Mark (June 12, 2000). "The New Jersey Purchase: Jon Corzine's $36 Million Campaign For The Senate". Newsweek. Newsweek, Inc. Retrieved July 19, 2008.
- Richman, Josh. "Self-funded candidates say it's worth every cent", Oakland Tribune, June 5, 2006. Retrieved September 2, 2007. "His [Michael Huffington's] $30 million campaign—including more than three times the previous record for television ad buys—was the costliest in U.S. Senate history until New Jersey Democrat Jon Corzine spent $62.7 million of his own money in 2000."[dead link]
- Cook, Charlie (June 20, 2000). "In New Jersey, Past Is Not Necessarily Prologue". Cook Political Report. Archived from the original on June 11, 2008. Retrieved September 23, 2009.
By the time the June 6 Senate primary in New Jersey rolled around, former Goldman Sachs Co-Chairman Jon Corzine had spent a record shattering $34 million in his successful quest for the Democratic nomination. He defeated former Gov. Jim Florio 58–42 percent
- "Allen Funt; Jim "Catfish" Hunter; Christine Todd Whitman; Henry Cisneros". U.S. News & World Report. U.S. News & World Report, L.P. September 12, 1999. Retrieved July 28, 2008.
- August, Melissa; et al. (November 20, 2000). "Numbers". Time (Time Inc.). Retrieved July 22, 2008.
- "The High Price Of Chutzpah: Cheney And Corzine May Be Pushing The Ethical Envelope On Conflict-Of-Interest Rules. That's More Than Daring—It's - Just Plain Galling". Newsweek. Newsweek, Inc. August 28, 2000. Retrieved July 19, 2008.
- Morse, Jodie, Nadya Labi, and Michel Orecklin (November 20, 2000). "New Faces In The Senate". Time (Time Inc.). Retrieved July 18, 2008.
- Brooks, David (December 25, 2000). "Surviving The Coming Clash: With The Left Feeling Frisky, Conservatives Need To Watch Their Step If They Want To Have Their Way. It's Time To Be Patient.". Newsweek. Newsweek, Inc. Retrieved July 20, 2008.
- Halbfinger, David M. (March 30, 2000). "Corzine Assailed for Joke About Italian-Americans". New York Times. Retrieved July 29, 2008.
- Adubato, Steve. "Good Faith Politics". The Star-Ledger. Retrieved July 20, 2008.
- Ingle, pp. 62–63.
- Jacob, Andrew (September 20, 2000). "Black Minister Criticized for Taking Corzine's Money". New York Times (The New York Times Company). Retrieved August 27, 2008.[dead link]
- Glasser, Jeff (November 12, 2000). "Mrs. Carnahan Goes to Washington: Head of the Class". U.S. News & World Report. U.S. News & World Report, L.P. Retrieved July 28, 2008.
- "Members of Congress: Jon Corzine". GovTrack.us. Retrieved July 30, 2008.
- Saporito, Bill (April 1, 2002). "When One Stock Is Enough". Time (Time Inc.). Retrieved July 19, 2008.
- Kadlec, Daniel (December 31, 2001). "Stumped By The Slump (page 4)". Time (Time Inc.). Retrieved July 19, 2008.
- Kadlec, Daniel (January 13, 2002). "Enron: Who's Accountable?". Time (Time Inc.). Retrieved July 19, 2008.
- Quinn, Jane Bryant (January 21, 2002). "401(K)S And The Enron Mess: Your Retirement Plan Might Be Every Bit As Risky As Enron's. What Companies Should Do About It.". Newsweek. Newsweek, Inc. Retrieved July 20, 2008.
- McGinn, Daniel (February 18, 2002). "The Ripple Effect: The Enron Scandal Is Making Us Rethink The Basic Rules Of Corporate Life And Question The Greedy, Go-For-Broke Ethos Of The Long Boom". Newsweek. Newsweek, Inc. Retrieved July 20, 2008.
- "The Mutual Fund Scandal: Unfair Fight: Mutual Funds Were Supposed To Be The Smart, Safe Choice For Small Investors. But The Latest Scandal Shows How Wall Street Big Shots Make Profits, While The Little Guys Take A Beating". Newsweek. Newsweek, Inc. December 8, 2003. Retrieved July 21, 2008.
- Lim, Paul J.; Matthew Benjamin (December 16, 2001). "The 401(k) Stumbles: Investment losses and employer cutbacks leave workers reeling". U.S. News & World Report. U.S. News & World Report, L.P. Retrieved July 28, 2008.
- Gergen, David (May 15, 2005). "Dueling for Values". U.S. News & World Report. U.S. News & World Report, L.P. Retrieved July 28, 2008.
- "Darfur Legislation". darfurscores.org. Genocide Intervention Network. January 1, 2008. Retrieved July 28, 2008.
- Levy, Steven (May 23, 2005). "HUFFINGTON'S POST: NOT YET TOAST: ONE WRITER CALLED IT 'THE BOX-OFFICE EQUIVALENT OF GIGLI, ISHTAR AND HEAVEN'S GATE ROLLED INTO ONE.". Newsweek. Newsweek, Inc. Retrieved July 21, 2008.
- "Pork Barrel Or A Kick-Start?: To Bolster The Faltering Economy, Our Leaders Are Throwing Open The Federal Coffers. A Little Caution Is In Order.". Newsweek. Newsweek, Inc. October 15, 2001. Retrieved July 21, 2008.
- "PERSPECTIVES". Newsweek. Newsweek, Inc. January 10, 2005. Retrieved July 21, 2008.
- Marek, Angie C. (August 31, 2003). "Every Little Tweak Hurts". U.S. News & World Report. U.S. News & World Report, L.P. Retrieved July 28, 2008.
- Marek, Angie C. (January 15, 2006). "The toxic Politics of Chemicals: Securing chemical plants: legislation and obfuscation". U.S. News & World Report. U.S. News & World Report, L.P. Retrieved July 28, 2008.
- Brill, Steven (February 24, 2003). "A Watchful Eye: Politics Is Clouding The Homeland-Security Picture. The Reality And The Rhetoric.". Newsweek. Newsweek, Inc. Retrieved July 21, 2008.
- Marek, Angie C. (March 21, 2007). "As DHS Plans Chemical Guidelines; N.J. Is Ready to Fight". U.S. News & World Report. U.S. News & World Report, L.P. Retrieved July 25, 2008.
- Alter, Jonathan (March 26, 2001). "Thanks Ever So Much, President Poor-Mouth: Bush Pays The Price For An Unusual Decision To Speak Ill Of The Economy". Newsweek. Newsweek, Inc. Retrieved July 20, 2008.
- Alter, Jonathan (November 18, 2002). "Dems In The Dumps: They Were Outmaneuvered, Outhustled And Overmatched. Can The Democrats Matter Again? A New Prescription For A Troubled Party.". Newsweek. Newsweek, Inc. Retrieved July 20, 2008.
- Sloan, Allen (December 23, 2002). "Adding Up The Stimulus Plan". Newsweek. Newsweek, Inc. Retrieved July 21, 2008.
- Waller, Douglas (September 15, 2003). "The Reluctant Warriors of the G.O.P.". Time (Time Inc.). Retrieved July 19, 2008.
- Waller, Douglas (July 5, 2004). "Dreaming About The Senate". Time (Time Inc.). Retrieved July 19, 2008.
- Tumulty, Karen (July 19, 2004). "The Gleam Team (page 6)". Time (Time Inc.). Retrieved July 19, 2008.
- Barnett, Megan; Kenneth T. Walsh (November 3, 2002). "Harvey, what were you thinking?: The Webster Chronicles". U.S. News & World Report. U.S. News & World Report, L.P. Retrieved July 28, 2008.
- Chen, David W. (November 9, 2005). "Corzine Prevails in a Nasty Governor's Campaign in New Jersey". New York Times (The New York Times Company). Retrieved August 27, 2008.
- Magnusson, Paul (September 27, 2004). "What Makes Jon Corzine Run: His rise in the Senate has been meteoric – so why is he aiming to be governor of Jersey?". BusinessWeek. The McGraw-Hill Companies Inc. Retrieved August 27, 2008.
- Samuel, Terence (August 3, 2005). "Congress Watch: Recess? Not in New Jersey". U.S. News & World Report. U.S. News & World Report, L.P. Retrieved July 28, 2008.
- "November 2005 General Election" (PDF). Official General Election Results. State of New Jersey. December 16, 2005. Retrieved August 27, 2008.
- Hester, Tom, Jr. (June 13, 2008). "Lou Dobbs For Governor? CNN Host Says He's Not Running". HuffingtonPost.com, Inc. Retrieved July 21, 2008.
- "Election 2009: New Jersey Governor NJ Governor: Christie Leads Corzine by Nine" May 14, 2009 http://www.rasmussenreports.com/public_content/politics/election_2009/new_jersey/election_2009_new_jersey_governor
- "Political Surveys and Election Polls, Trends, Charts and Analysis". Pollster.com. Retrieved March 22, 2012.
- "Official General Election Results" (PDF). New Jersey Division of Elections. Retrieved December 2, 2009.
- Chen, David W. (October 4, 2006). "The Goldman Sachs Crew That’s Helping Run Trenton Government". The New York Times (The New York Times Company). Retrieved July 21, 2008.
- "NJ Budget Problems End Corzine's Honeymoon, Quinnipiac University New Jersey Poll Finds; Raise State Taxes, Not Local Taxes, Voters Say 3–1 at the Wayback Machine (archived June 29, 2006) (Press release). Quinnipiac University. April 26, 2006.
- February 28, 2007 – New Jersey Governor's Approval Inches Up To New High, Quinnipiac University Poll Finds; Concern For Property Tax Also At New High, Quinnipiac University, released February 28, 2007, Retrieved April 14, 2007.
- Hester, Tom, Jr. (July 21, 2008). "Corzine recall effort falls flat". NJ.com. Associated Press,. Retrieved July 29, 2008.
- "Citizens Guide to the Budget" (PDF).
- "Rutgers U. Adopts Grim Budget to Deal With State Cuts" Chronicle of Higher Education, July 16, 2006; retrieved July 14, 2008.
- "Message on FY2009 State Budget" Rutgers: Office of the President, June 30, 2008; retrieved July 14, 2008.
- "Governor Corzine Comments on School Funding Reform", April 28, 2009. Retrieved November 5, 2009. Archived July 1, 2009, at the Wayback Machine.
- "N.J. Supreme Court backs Gov. Jon Corzine's revised school-funding plan" Newark Star Ledger, May 28, 2009; retrieved November 5, 2009.
- "New Jersey Voters Reject Stem Cell Research Referendum". U.S. News & World Report. U.S. News & World Report, L.P. November 7, 2007. Retrieved July 23, 2008.
- "Jon Corzine on Crime". OnTheIssues.org. Retrieved July 27, 2008.
- Halloran, Liz (April 30, 2006). "Pulling Back From The Brink: Why are death sentences and executions dropping?". U.S. News & World Report. U.S. News & World Report, L.P. Retrieved July 27, 2008.
- "Executions News and Developments: 2007". Death Penalty Information Center. 2008. Retrieved July 29, 2008.
- Von Drehle, David (December 17, 2007). "New Jersey: A Death Penalty Trend?". Time (Time Inc.). Retrieved July 19, 2008.
- "Clemency". Death Penalty Information Center. 2008. Retrieved July 27, 2008.
- Shute, Nancy (June 4, 2006). "Violence Interrupted: To Gary Slutkin, giving up guns is a lot like swearing off smoking". U.S. News & World Report. U.S. News & World Report, L.P. Retrieved July 27, 2008.
- Wilson, Reid (September 5, 2007). "'08 Notes: Left Coast Edition". Time. Time Inc. Retrieved July 19, 2008.
- Healy, Patrick (June 7, 2007). "Goals Are Both Met and Missed in Clinton Fund-Raising". The New York Times (The New York Times Company). Retrieved July 30, 2008.
- Romano, Andrew (October 9, 2007). "Clinton Gets Hip. Sort of.". Newsweek. Newsweek, Inc. Archived from the original on October 14, 2008. Retrieved July 21, 2008.
- Dvorak, Blake (April 18, 2008). "The Morning Roundup". Time. Time Inc. Retrieved July 19, 2008.
- "The Page". Time (Time Inc.). May 13, 2008. Retrieved July 19, 2008.
- Romano, Andrew (April 4, 2008). "The Popular Vote Fallacy". Newsweek. Newsweek, Inc. Retrieved July 21, 2008.
- Smalley, Suzanne (April 23, 2008). "What's the Magic Metric?: Here's a new kind of recount: The Clinton camp's complicated formula to make her look like the leader.". Newsweek. Newsweek, Inc. Retrieved July 21, 2008.
- Dunbar, John (June 22, 2008). "Obama Takes on 'Enron Loophole'". Time (Time Inc.). Retrieved July 19, 2008.
- Alter, Jonathan. "New Hampshire Before New Year's?: The Front-Loading Of Primaries—Meant To Help Pick A Nominee Quickly—May Backfire.". Newsweek Web Exclusive. Newsweek, Inc. Retrieved July 20, 2008.
- "Washington News". U.S. News & World Report. U.S. News & World Report, L.P. March 16, 2007. Retrieved July 23, 2008.
- Isikoff, Michael, Mark Hosenball, and Evan Thomas (September 24, 2007). "With A Little Help From My Friends: The Hsu scandal sheds light on how—and why— pols bail each other out when the going gets tough.". Newsweek. Newsweek, Inc. Retrieved July 21, 2008.
-  Archived October 18, 2008, at the Wayback Machine.
-  Archived January 20, 2009, at the Wayback Machine.
-  Archived December 17, 2008, at the Wayback Machine.
- "Hungry for real news?". NewsFetish.com. Retrieved March 22, 2012.
- "Governor Corzine Signs Executive Order for Orderly Shutdown of Government Operations" (Press release). State of New Jersey. July 1, 2006. Archived from the original on September 30, 2007. Retrieved September 23, 2009.
- Baron, Michael; William Spain (July 5, 2006). "Atlantic City casinos forced to close: Budget standoff in N.J. halts gambling; parks and beaches affected". MarketWatch. Retrieved July 30, 2008.
- "N.J. gov. calls shutdown 'deplorable'". USA TODAY. Associated Press. July 5, 2006. Retrieved July 30, 2008.
- Servetah, Stacie; Chris Dolmetsch (July 6, 2006). "Corzine, Lawmakers Agree to End Budget Impasse, Raise Sales Tax". Bloomberg L.P. Retrieved July 30, 2008.
- Kiviat, Barbara (October 18, 2007). "Who Really Owns the Roads?". Time (Time Inc.). Retrieved July 19, 2008.
- Schwaneberg, Robert (January 9, 2008). "Corzine seeks higher tolls, state spending freeze to reduce debt". Star Ledger. Retrieved July 29, 2008.
- Chen, David W.; Ken Belson (January 9, 2008). "Corzine Proposes Steep Rise in Tolls". New York Times. Retrieved July 29, 2008.
- Samuel, Peter (February 5, 2008). "Gov Corzine releases draft bill to monetize New Jersey tollroads [sic]". Toll Roads News. Retrieved July 29, 2008.
- Hester, Tom, Jr. (February 7, 2008). "Leading Democrat, all GOP legislators reject Corzine toll plan". South Jersey News Online. Archived from the original on April 12, 2008. Retrieved July 29, 2008.
- Lonegan, Steve (March 3, 2008). "AFP analysis of the Corzine Toll Hike Plan". Politickernj.com. Retrieved July 29, 2008.
- "Poll finds majority don't like Corzine budget plan". NJ.com. Associated Press. March 10, 2008. Retrieved July 29, 2008.
- Adams, Cindy (June 6, 2007). "Jon's Ex Tells All". New York Post. Retrieved July 29, 2008.
- Kocieniewski, David; Serge F. Kovaleski (May 23, 2007). "Romance Over, Union Chief Has Corzine’s Number". The New York Times (The New York Times Company). Retrieved July 23, 2008.
- Kocieniewski, David (August 4, 2005). "Corzine Gave $470,000 Loan to Head of Union". The New York Times (The New York Times Company). Retrieved July 23, 2008.
- "CWA Local 1034" (Press release). Communications Workers of America Local 1034. July 16, 2008. Retrieved July 29, 2008.
- Trymaine Lee, “Corzine Gave Money To Relative Of Friend”, September 3, 2007; accessed February 22, 2014.
- Lee, Trymaine (September 3, 2007). "Judge Rules That E-Mail by Corzine Is Public". The New York Times. Retrieved May 31, 2008.
- "Corzine-Katz e-mails will remain private after N.J. Supreme Court ruling". The Star-Ledger. March 18, 2009. Retrieved August 3, 2010.
- "Former N.J. Gov. Jon Corzine, Carla Katz's forbidden e-mails are revealed". The Star-Ledger. August 1, 2010. Retrieved August 3, 2010.
- Preston, Mark (December 7, 2005). "Sources: Menendez tapped for U.S. Senate seat". Cable News Network. Retrieved July 30, 2008.
- Mansnerus, Laura; David W. Chen (August 15, 2006). "N.J. Attorney General Agrees to Resign". The New York Times (The New York Times Company). Retrieved July 30, 2008.
- Salazar, Carolyn, et al. "Stung by ethics report, Farber is out", The Record (Bergen County), August 16, 2006, Retrieved April 29, 2007.[dead link]
- "May-16-06 Governor Names New UMDNJ Board Members" (Press release) Office of the Governor. May 16, 2006. Retrieved April 29, 2007. "These are Governor Corzine’s fourth and fifth nominations to the UMDNJ Board of Trustees; he previously nominated Robert Del Tufo, Oliver Quinn and Harold Shapiro to the Board, and designated Del Tufo to serve as Chairman." Archived December 14, 2006, at the Wayback Machine.
- "Congressional Record – 111th Congress (2009–2010) – THOMAS (Library of Congress)". Thomas.loc.gov. Retrieved March 22, 2012.
- Zebrowski, Jonathan (April 16, 2007). "Corzine in stable condition after crash". Daily Princetonian. Retrieved July 30, 2008.
- "Police: Corzine's SUV Was Going Roughly 91 MPH Before Crash". Fox News. April 17, 2007. Retrieved July 30, 2008.
- Gohlke, Josh; Nussbaum, Alex; and Young, Elise. "Driver not charged in Corzine crash", The Record (Bergen County), April 14, 2007. Retrieved April 16, 2007. "The driver of the red Ford pickup – located Friday night after an intensive 24-hour search – was not issued any summonses.... State police investigators located Potts at 8 pm Friday, using information from the Little Egg Harbor Township police, E-ZPass data and footage from tollbooth traffic cameras." Archived May 4, 2007, at the Wayback Machine.
- "Events Leading to the Accident". The New York Times. April 13, 2007. Retrieved July 30, 2008.
- "Cross Country". U.S. News & World Report. U.S. News &World Report, L.P. April 22, 2007. Retrieved July 23, 2008.
- Chen, David W.; David Kocieniewski (April 14, 2007). "Corzine Facing Severe Hurdles in Intensive Care". New York Times. Retrieved July 30, 2008.
- "Aides: Corzine Not Wearing Seat Belt". WPVI. April 13, 2007. Retrieved July 30, 2008.
- Kocieniewski, David; Lawrence K. Altman (April 24, 2007). "Gov. Corzine Is Moved From Intensive Care". The New York Times (The New York Times Company). Retrieved July 30, 2008.
- Cooper, Michael. "Crash Adds Uncertainty to New Jersey Politics", The New York Times, April 15, 2007, Retrieved April 19, 2007. "New Jersey voters agreed in 2005 to create the position of a lieutenant governor who would serve if a governor stepped down or could not serve, but the position will not be created until 2009."
- "Verbatim". Time (Time Inc.). May 3, 2007. Retrieved July 19, 2008.
- Chen, David W. (April 30, 2007). "Corzine to Make Early Exit From Hospital Monday". The New York Times. Retrieved July 30, 2008.
- Moroz, Jennifer "Corzine asks for seat-belt fine, gets it", The Philadelphia Inquirer, May 2, 2007. Retrieved May 3, 2007 Archived May 4, 2007, at the Wayback Machine.
- Bevan, Tom (May 25, 2007). "I'm Jon Corzine, and I Should Be Dead". Time. Time Inc. Retrieved July 19, 2008.
- "Corzine will pay all medical bills, aide says". The Star-Ledger. April 27, 2007. Retrieved January 24, 2009.
- "President Tanks; Governor has Good Will Heading into Budget System" (Press release). Fairleigh Dickinson University PublicMind Poll. March 8, 2006.
- "2006 Survey of Budget Proposals" (Press release). Fairleigh Dickinson University PublicMind Poll. April 4, 2006.
- "Corzine Shakes Off Sales Tax" (Press release). Fairleigh Dickinson University PublicMind Poll. August 31, 2006.
- "Key Questions: Corzine Summary". Fairleigh Dickinson University PublicMind Poll.
- "Public Hasn't Taken a Toll on Corzine – yet." (Press release). Fairleigh Dickinson University PublicMind Poll. January 7, 2008.
- "Governor's Toll Proposal a Drag" (Press release). Fairleigh Dickinson University PublicMind Poll. January 30, 2008.
- "Toll Plan Puts Public Opinion on Wrong Track" (Press release). Fairleigh Dickinson University PublicMind Poll. January 7, 2008.
- "Voters Say Cut Spending" (Press release). Fairleigh Dickinson University PublicMind Poll. February 25, 2008.
- "For the Moment Advantage Corzine" (Press release). Fairleigh Dickinson University PublicMind Poll. January 9, 2009.
- "Corzine, Like Economy, Lags in New Jersey" (Press release). Fairleigh Dickinson University PublicMind Poll. March 4, 2009.
- "Budget Battles Corzine, Still Behind Christie> (Press release). Fairleigh Dickinson University PublicMind Poll. April 7, 2009.
- "Corzine Leaves and Era of Bad Feeling" (Press release). Fairleigh Dickinson University PublicMind Poll. January 12, 2010.
- "MF Global Appoints Jon S. Corzine Chairman and Chief Executive Officer" (Press release). MF Global. March 23, 2010.
- Touryalai, Halah (October 29, 2011). "Will MF Global Be Saved This Weekend?". Forbes. Retrieved October 31, 2011.
- Spicer, Jonathan; Bansal, Paritosh (October 30, 2011). "MF Global seeks sale, hires restructuring advisers". Reuters. Retrieved October 31, 2011.
- Protess, Ben; De La Merced, Michael J.; Craig, Susanne (October 31, 2011). "Regulators Investigating MF Global for Missing Money". The New York Times.
- Lattman, Peter (November 4, 2011). "Corzine Is Said to Hire Criminal Lawyer". The New York Times. Retrieved November 8, 2011.
- Wagner, Daniel (November 3, 2011). "CEO Corzine steps down at MF Global, rejects $12 million severance". Asbury Park Press. Retrieved November 3, 2011.[dead link]
- Foley, Stephen (November 18, 2011). "What price the new democracy? Goldman Sachs conquers Europe". The Independent (London). Retrieved November 18, 2011.
- Gordon, Marcy (December 8, 2011). "Corzine: 'I simply do not know' where MF Global money is". USA Today. Retrieved December 8, 2011.
- "MF Global client money feared gone". New York Post. January 30, 2012. Retrieved January 30, 2012.
- Mattingly, Phil; Brush, Silla (December 8, 2011). "MF’s Corzine Ordered Funds Moved to JP Morgan, Memo Says". Bloomberg. Retrieved April 3, 2012.
- Patel, Sital S., and Ronald D. Orol, "Corzine knowingly directed customer fund use in MF Global’s final days, complaint says", MarketWatch, June 27, 2013. Link to the CFTC complaint. Retrieved 2013-06-28.
- Kary, Tiffany (2013-11-20). "Corzine Appeals Ruling Allowing Full MF Global Repayment". Bloomberg News. Retrieved 2013-12-09.
- Carlson, Margaret (June 19, 2000). "Now Comes Venture-Capital Politics". Time (Time Inc.). Retrieved July 17, 2008.
- "Jon Corzine's Son, 31, Commits Suicide In Mexico After Years Fighting Depression". Latino Fox News.com. March 14, 2014. Retrieved March 16, 2014.
- Westfeldt, Amy. "NJ Sen. Candidates Go to Same Church", Associated Press, July 27, 2000, Retrieved April 23, 2007. "Corzine, who lives in Summit, has been at Christ Church, an interdenominational mix of Baptist and United Church of Christ, for more than 20 years ..."
- Kocieniewski, Davis; McGeehan, Patrick (November 2, 2005). "Corzine's Mix: Bold Ambitions, Rough Edges". The New York Times. Retrieved July 29, 2008.
- Weiner, David (April 16, 2010). "Jon Corzine Engaged To Sharon Elghanayan". The Huffington Post. Retrieved April 30, 2011.
- "Sharon Elghanayan, Jon Corzine". The New York Times. November 26, 2010. Retrieved April 30, 2011.
- Ingle, Bob (2008). The Soprano State. New York: St. Martin's Press. ISBN 0-312-36894-1.
- "Democrats score big". (November 10, 2005). New Straits Times, p. 29.
- Newmarker, Chris (November 5, 2005). "N.J. Governor's Race Hits New Lows". Associated Press.
- "Corzine for a Bruising" May 10, 2006 The Brian Lehrer Show
- Koppenheffer, Matt; Reeves, John; McCluskey, Molly; Beyers, Tim; Dumortier, Tim (2012). The Astonishing Collapse of MF Global. Better World Books (Mishawaka, IN). ISBN 978-1-892547-03-3.
|Wikimedia Commons has media related to Jon Corzine.|
|Wikiquote has quotations related to: Jon Corzine|
- Corzine for Governor official campaign website
- Biography at the Biographical Directory of the United States Congress
- Financial information (federal office) at the Federal Election Commission
- Profile at SourceWatch
- The Deal He Made, Craig Horowitz, New York Magazine, July 10, 2005
|United States Senate|
|U.S. Senator (Class 1) from New Jersey
January 3, 2001 – January 17, 2006
Served alongside: Robert Torricelli, Frank Lautenberg
|Governor of New Jersey
|Party political offices|
|Democratic Nominee for the U.S. Senate (Class 1) from New Jersey
|Chairman of the Democratic Senatorial Campaign Committee
|Democratic Nominee for Governor of New Jersey
|Chairman of Goldman Sachs
|Chief Executive Officer of Goldman Sachs
|Chairman of MF Global
March 2010 – November 2011
Bernard W. Dan
|Chief Executive Officer of MF Global
March 2010 – November 2011