Jersey City Councilman Steven Fulop, who quit Sanford C. Bernstein & Co.’s trading desk to run for mayor, ousted incumbent Jerramiah Healy, whose administration was caught up in an FBI investigation and who was once photographed on his porch drunk, unconscious and naked.
Jersey City Mayor Jerramiah Healy, 62-year-old veteran of political hazards that include a drunken nude photo and an FBI sting, wants a third full term. Backing him are President Barack Obama and Newark Mayor Cory Booker.
Newark Mayor Cory Booker, a Democrat who’s eying a U.S. Senate bid, said he’ll expand the police force this year as growing revenue frees New Jersey’s biggest city from reliance on emergency state aid.
Bill Ackman ’s first tour of Newark ended at aspiring Mayor Cory Booker ’s apartment in a housing project plagued by drug dealers and rats. The hedge fund manager still recalls a sinking feeling as graffiti-covered elevator doors closed and they rode to the 16th floor in pitch darkness.
Cities have become a central front in Governor Chris Christie’s drive to win a second term in New Jersey, where shopping malls and leafy subdivisions have been the seat of political power for 50 years.
Newark Mayor Cory Booker, who said he’s considering a challenge to New Jersey Governor Chris Christie next year or a possible run for U.S. Senate in 2014, plans to decide on his future in the next two weeks.