Jon Stevens Corzine (born January 1, 1947) is an American financial executive and 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.