Jonathan Stevens "Jon" Corzine is an American financial executive and retired politician who served as a United States Senator from New Jersey from 2001 to 2006, and the 54th governor of New Jersey from 2006 to 2010.
78 Facts About Jon Corzine
2.
Jon Corzine grew up on a small family farm in Willey Station, Illinois near Taylorville.
3.
Jon Corzine then moved to BancOhio National Bank, a regional bank in Columbus, Ohio, that was acquired in 1984 by National City Bank.
4.
Jon Corzine worked at BancOhio until 1975, when he moved his family to New Jersey and was hired as a bond trader for Goldman Sachs.
5.
In 1976, Jon Corzine joined Goldman Sachs as a bond trader and then became co-manager of the Fixed Income, Currencies and Commodities Division.
6.
Jon Corzine became a partner in 1980, and a member of the management committee in 1984.
7.
Jon Corzine served as Goldman Sachs' CFO, and a senior partner.
8.
Jon Corzine chaired a presidential commission on capital budgeting for Bill Clinton and served as Chairman of the United States Department of the Treasury's borrowing committee.
9.
When Jon Corzine participated in structuring the bailout, Paulson seized control of the firm.
10.
Jon Corzine has participated in meetings of the Bilderberg Group, a network of leaders in the fields of politics, business and banking.
11.
Jon Corzine is a former member of the group's steering committee.
12.
Jon Corzine later attributed his successful primary run to pollster Bob Shrum who convinced him to run not as "a seasoned investment banker and job creator" but as a "liberal progressive".
13.
Jon Corzine was sworn into the Senate in January 2001.
14.
Jon Corzine claimed an interest in doing so, but he cited a confidentiality agreement with Goldman Sachs.
15.
Skeptics argued that Jon Corzine should have followed the example of his predecessor Robert Rubin, who converted his equity stake into debt upon leaving Goldman.
16.
Jon Corzine campaigned for state government programs including universal health care, universal gun registration, mandatory public preschool, and more taxpayer funding for college education.
17.
David Brooks opined that Jon Corzine was so liberal that his election, although the fact that his predecessor was a Democrat, helped push the Senate to the left.
18.
Jon Corzine had donated to Jackson prior to getting what appears to be a reciprocal endorsement.
19.
Jon Corzine entered Congress in a class of 10 new senators, eight of whom were Democrats.
20.
Jon Corzine was a sponsor of the Start Healthy, Stay Healthy Act.
21.
Jon Corzine 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.
22.
Jon Corzine supported gun control laws, outlawing racial profiling, and subsidies for Amtrak.
23.
Jon Corzine was the chief sponsor, along with US Senator Sam Brownback, of the Darfur Accountability Act.
24.
Jon Corzine was one of 23 Senators to vote against the Iraq War Resolution.
25.
Jon Corzine was an early contributing blogger at The Huffington Post.
26.
Jon Corzine opposed the reduction in low-income student eligibility for Pell Grant funding caused by changes in the "expected family contribution".
27.
Jon Corzine tried and failed to introduce legislation for chemical plant regulation six weeks after the September 11,2001 attacks.
28.
Jon Corzine's efforts helped make New Jersey one of the stricter states in the nation in terms of chemical plant regulation.
29.
Jon Corzine proposed making dividend payments tax deductible to companies as a form of economic stimulus.
30.
Jon Corzine played a role in the selection of Senator John Edwards as a running mate for Senator John Kerry.
31.
In 2002, Jon Corzine called for the resignation of United States Securities and Exchange Commission Chairman Harvey Pitt.
32.
New Jersey had averaged $5,500 in 2004 property taxes, and Jon Corzine tried to link his opponent to Bush.
33.
Jon Corzine won 13 of New Jersey's 21 counties: Atlantic, Bergen, Burlington, Camden, Cumberland, Essex, Gloucester, Hudson, Mercer, Middlesex, Passaic, Salem, and Union.
34.
Jon Corzine won the three most populous counties, five of the top six, and seven of the top nine.
35.
Jon Corzine ran for re-election in the 2009 New Jersey gubernatorial election.
36.
Jon Corzine had long insisted that state employees must bear part of the cost of their health benefits after retirement.
37.
In 2008, Jon 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.
38.
Jon Corzine has been the only New Jersey governor in recent memory to make any headway in addressing the crisis of municipal funding.
39.
Jon Corzine 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.
40.
In June 2008, state legislators voted for the first phase of that program mandating health care coverage and Jon Corzine signed it into law in July.
41.
Jon Corzine has supported early New Jersey efforts at gun control.
42.
Jon Corzine remained a committed Clinton superdelegate late into the 2008 Democratic Party presidential primary season.
43.
Towards the end of the primary season in April 2008, Jon Corzine made it clear that although he was a Clinton supporter, his superdelegate vote would be determined by the popular vote.
44.
Once Barack Obama became the presumptive nominee, Jon Corzine became a prominent spokesperson for Obama's agenda.
45.
Jon Corzine was among a group of big 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.
46.
Jon Corzine was among a group of prominent Democratic politicians who received political contributions from Norman Hsu that he ended up donating to charity.
47.
In November 2008, in response to the ongoing economic downturn, Jon Corzine proposed an economic recovery package consisting of additional massive spending, accelerated capital improvement spending and reforms and cuts to the corporate income tax.
48.
Jon Corzine said that he would not accept a budget that did not include the sales tax increase.
49.
Jon Corzine called the shutdown "deplorable", though he refused to negotiate with legislators and accept alternate plans that did not increase the sales tax.
50.
Jon Corzine later wrote that only after the proposal was released did he discover "the harsh reality: the public intensely disliked the idea" and that, in retrospect, he "should have pressed harder to identify the most salient arguments against the plan and developed a strategy to get in front of and respond to those challenges".
51.
Jon Corzine, who was running for the United States Senate in the spring of 1999, met Carla Katz, the then married president of Local 1034 of the Communications Workers of America, in the same apartment building where he resided in Hoboken; the CWA represents the largest number of state workers in New Jersey.
52.
Jon Corzine lived with him at his apartment building in Hoboken from April 2002 until August 2004.
53.
Jon 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.
54.
Jon Corzine spent approximately $127,000 of taxpayer funds to keep the e-mails secret.
55.
Jon Corzine continued to serve in the US 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.
56.
Jon Corzine said about Gill that she was "an extraordinarily capable woman".
57.
On December 9,2005, Jon Corzine named his friend, who lived and lives in the same apartment building, US Rep.
58.
Jon Corzine 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.
59.
On February 9,2006, after many scandals regarding financial mishandling at the University of Medicine and Dentistry of New Jersey, Jon Corzine nominated Robert Del Tufo, the former Attorney General of New Jersey and US Attorney, as chairman of the board of trustees.
60.
Jon Corzine nominated Oliver Quinn, Prudential Financial's vice president and chief ethics officer, as vice chairman of the board.
61.
Jon Corzine was confirmed by the Senate on January 22,2009.
62.
The New Jersey State Police determined that Jon Corzine's SUV, driven by a state trooper, was traveling in excess of 90 miles per hour with its emergency lights flashing when the collision occurred.
63.
Jon Corzine 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.
64.
Jon Corzine returned to Drumthwacket, where he recuperated and used a videoconferencing center to communicate with legislators.
65.
Jon Corzine has been active with a number of philanthropic and civic organizations.
66.
Jon Corzine currently serves as a member of the International Board of Covenant House and is on the board of the New Jersey Reentry Corporation.
67.
Jon Corzine currently serves on the board of trustees of the University of Chicago and as an ex-officio member of the board of trustees of Princeton University.
68.
Jon Corzine currently is serving at Fairleigh Dickinson University as chairman of an advisory board that is working to establish a graduate school of public and global affairs.
69.
Jon Corzine is serving as a visiting lecturer on politics and public policy at Farleigh's Wroxton campus in the United Kingdom.
70.
Jon Corzine was appointed CEO and Chairman of MF Global, a multinational futures broker and bond dealer, in March 2010.
71.
Jon 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.
72.
Jon Corzine 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.
73.
The instructions Jon Corzine had given were to deal with several overdrafts at JPMorgan Chase, but never related to any specific accounts or specific transfers made.
74.
In June 2013, the Commodity Futures Trading Commission filed civil charges against Jon Corzine for using funds from MF's customer accounts for corporate purposes.
75.
Jon Corzine fully supported customers receiving 100 percent of their money and had no desire for this to be delayed.
76.
Jon Corzine agreed to be permanently barred from working for a futures commission merchant or registering with the CFTC in any capacity.
77.
Jon Corzine had lived with his wife in Summit, New Jersey.
78.
On November 23,2010, Jon 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.