Jon Corzine

[12][13][14] Corzine also chaired a presidential commission on capital budgeting for Bill Clinton[15] and served as Chairman of the United States Department of the Treasury's borrowing committee.

In the aftermath of Enron, he cosponsored (with Barbara Boxer) legislation, which was later propounded by Ted Kennedy,[40] that reforms the 401(k) plan to minimize the risk of investment portfolios.

[50] Corzine opposed the reduction in low-income student eligibility for Pell Grant funding caused by changes in the "expected family contribution".

Corzine won 13 of New Jersey's 21 counties: Atlantic, Bergen, Burlington, Camden, Cumberland, Essex, Gloucester, Hudson, Mercer, Middlesex, Passaic, Salem, and Union.

[74] 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.

[76] 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.

[citation needed] As part of his attempt to balance the budget, Corzine decreased funding to most programs and localities including state universities and colleges.

The referendum faced strong opposition and was rejected despite the fact that $270 million had previously been approved to build stem cell research centers.

[87] 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.

[91] If the Democratic National Committee had decided to recontest the Michigan and Florida primaries, Corzine and Ed Rendell were prepared to spearhead Clinton's fundraising in for those races.

[96][97] 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.

After the legislature failed to pass Corzine's budget by the midnight deadline of July 1, 2006, he signed an executive order[103] that immediately closed down all non-essential state government services, such as road construction projects.

[106] 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.

[109] 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.

[110][111][112] 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".

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.

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.

[115] 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 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.

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.

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.

[126] 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.

[141] 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.

[157] He 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.

[1] 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.

[165][166][167] In June 2013, the Commodity Futures Trading Commission (CFTC) filed civil charges against Corzine for using funds from MF's customer accounts for corporate purposes.

[168] In 2013, Corzine, and managers including Bradley Abelow and Henri Steenkamp, appealed a court ruling relating to repayments to customers of the bankrupt brokerage.

A spokesman for Corzine made clear that the appeal was not an attempt to delay payments to customers, but due to a disagreement regarding how those claims would be handled by the trustee after they were paid.

[177] 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.

Corzine in New Brunswick, New Jersey , in 2008
Corzine Approvals
Corzine Approvals