Unlike Corzine, Murphy to Accept Full $175,000 Governor's Salary

(Bloomberg) -- New Jersey Governor Phil Murphy, a day into the job, said he will accept the full $175,000 pay that comes with the position.

Murphy, 60, a multimillionaire former Goldman Sachs Group Inc. executive, has said that he would take a salary, without being more specific. Pressed Wednesday by reporters in Newark at a roundtable on the minimum wage and paid sick leave, he said he would collect the full pay.

That’s not how Jon Corzine, New Jersey’s last Democratic governor, ran the show. Corzine, also a Goldman alum, accepted a $1 annual salary.

John F. Kennedy, a fellow wealthy Democrat who Murphy says inspired him to public service, donated his presidential salary to charity. Republican Donald Trump has donated his presidential salary to the National Park Service and the U.S. health and human services and education departments, his administration has said.

Murphy, a former finance chairman for his party’s National Committee, spent $22.5 million of his own money to defeat Republican Governor Chris Christie’s lieutenant, Kim Guadagno, in November.

Corzine was ousted by Christie in the 2009 election after spending $27.5 million on that race. He spent $43.1 million in 2005 to win office, and $60 million on his 2000 election to the U.S. Senate, according to the New Jersey Election Law Enforcement Commission.

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