Jon Corzine: the man,the myth and the Goldman Sachs Years
Many of my readers have asked me to look into Jon Corzines days at Goldman and this is what I found:
In 1975, Jon Corzine moved to New Jersey, having taken a job as a securities trader at Goldman Sachs in New York. By 1980 he became a partner at Goldman. Jon Corzine rose rapidly through the ranks, to become chairman and CEO in 1994.
As CEO, Jon Corzine has been credited with engineering the transformation of Goldman Sachs from a private partnership to a public company. Smoothing out the volatility of Goldman’s earnings and producing a “kinder and gentler” company . Corzine had worked for nearly two years to transform the legendary partnership into a public company. Fighting significant resistance from many of the skeptical partners. Finally he succeeded in secret ballot,
However, Corzine was not universally popular as CEO, and was forced out in 1999.