Jon Stevens Corzine
(born January 1, 1947) is the former CEO of Goldman Sachs and a one time American politician
, who served as the 54th Governor of New Jersey
from 2006 to 2010. A Democrat
, 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.
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 $500 million during the 1999 initial public offering of the company.