Harvard Business School
He is the founder and owner news agency Bloomberg.
Biography
He was married to Susan Brown and has two daughters from this marriage: Emma, born in 1979, and Georgina, born in 1983. Currently divorced.
Business career
He began his business career at Salomon Brothers, where he headed stock trading and was responsible for information systems. In 1981, Salomon was sold to a new owner, and Bloomberg lost his job. Using his share of the profits from the sale of Salomon shares, he founded his own firm that year, Bloomberg LP, which collected, analyzed and sold information on the state of financial markets. Michael Bloomberg personally developed computer system analysis of information for traders, and subsequently opened an online service for trading shares. Competitors hardly used computers in their work (the 80s were just beginning), and most of them had never even heard of computer networks. To date, Bloomberg's success has been based on its perceived superiority over its competitors in the use of computer technology. By combining real-time quotes with analytics (a service neither Reuters nor Telerate provided), Bloomberg was able to fill a market niche that seemed to have no place.
Bloomberg's empire includes television channels, radio stations, not to mention a worldwide computer network for financial news. On this moment the company is one of the leading providers of financial news in the world, the number of employees of the company has reached 9,500 people in 130 countries. The number of subscribers to Bloomberg LP news has exceeded 250 thousand.
Political career
In the New York City mayoral election on November 6, 2001, Bloomberg decided to run as the Republican candidate because there were too many candidates vying for the Democratic nomination. On election campaign 2001 Bloomberg spent $73 million own money, and although New Yorkers historically support the more liberal Democratic Party in elections, he wins with 50% to his opponent's 48%. A large role in his success was played by the support of the previous mayor of New York, Rudolph Giuliani, who received national recognition after the terrorist attacks of September 11, 2001.
During his first term, Bloomberg carried out a number of different reforms, which were accepted in different ways in society. Thus, among the unpopular reforms (among a certain part of the population) were tax increases, reductions in administration expenses, and a ban on smoking in restaurants, clubs and bars. Positive results of Bloomberg's tenure as mayor included a 20% reduction in crime in the city, economic growth, job creation through support for small businesses, affordable housing, and school reform.
In 2005, Michael Bloomberg, with the help of a coalition of different political forces, was re-elected to a second term. The vote gap in the election was 20% - a record for a Republican mayor of New York. Bloomberg spent $1 million more on this election campaign than on the previous one, amounting to more than $74 million.
From 2005 to 2009, Bloomberg's mayor's office managed to balance the city budget, a record low level unemployment has reached. An innovative program to combat poverty by creating new jobs was introduced, and a campaign to combat global warming was launched.
On October 2, 2008, Bloomberg announced that he would seek to change the number of terms for the mayor of New York from two to three, explaining that during the financial crisis he should be the head of the city, as he is a major specialist in the field of finance. On October 23, the New York City Council passed the law change by a vote of 29 to 22, allowing Bloomberg to run for a third term.
The elections took place on November 3, 2009, and Bloomberg defeated his only opponent, Democrat William Thompson, who now holds the position of auditor of finance. However, Bloomberg's advantage was not as significant as expected: only 50.5% of voters voted for him (37% of them were Republicans). In 2014, the powers of mayor passed to Bill de Blasio.
Since January 31, 2014, he has served as UN Special Envoy on Cities and Climate Change.
Awards
Bibliography
- Michael Bloomberg. Bloomberg about Bloomberg = Bloomberg by Bloomberg. - M.: "Alpina Publisher", 2010. - 224 p. - (Skolkovo). - ISBN 978-5-9614-1237-6.
Write a review of the article "Bloomberg, Michael Reubens"
Notes
Links
- (English)
- - article in Lentapedia. year 2012.
- (English)
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Excerpt describing Bloomberg, Michael Reubens
- Which book?- Gospel! I have no.
The doctor promised to get it and began asking the prince about how he felt. Prince Andrei reluctantly, but wisely answered all the doctor’s questions and then said that he needed to put a cushion on him, otherwise it would be awkward and very painful. The doctor and the valet lifted the greatcoat with which he was covered and, wincing at the heavy smell of rotten meat spreading from the wound, began to examine it scary place. The doctor was very dissatisfied with something, changed something differently, turned the wounded man over so that he groaned again and, from the pain while turning, again lost consciousness and began to rave. He kept talking about getting this book for him as soon as possible and putting it there.
- And what does it cost you! - he said. “I don’t have it, please take it out and put it in for a minute,” he said in a pitiful voice.
The doctor went out into the hallway to wash his hands.
“Ah, shameless, really,” the doctor said to the valet, who was pouring water onto his hands. “I just didn’t watch it for a minute.” After all, you put it directly on the wound. It’s such a pain that I’m surprised how he endures it.
“It seems like we planted it, Lord Jesus Christ,” said the valet.
For the first time, Prince Andrei understood where he was and what had happened to him, and remembered that he had been wounded and how at that moment when the carriage stopped in Mytishchi, he asked to go to the hut. Confused again from pain, he came to his senses another time in the hut, when he was drinking tea, and then again, repeating in his memory everything that had happened to him, he most vividly imagined that moment at the dressing station when, at the sight of the suffering of a person he did not love, , these new thoughts came to him, promising him happiness. And these thoughts, although unclear and indefinite, now again took possession of his soul. He remembered that he now had new happiness and that this happiness had something in common with the Gospel. That's why he asked for the Gospel. But the bad situation that his wound had given him, the new upheaval, again confused his thoughts, and for the third time he woke up to life in the complete silence of the night. Everyone was sleeping around him. A cricket was screaming through the entryway, someone was shouting and singing on the street, cockroaches were rustling on the table and on the icons, in the autumn a fat fly was beating on his headboard and near a burnt tallow candle. big mushroom and standing next to him.
His soul was not in a normal state. Healthy man usually thinks, feels and remembers simultaneously about a countless number of objects, but has the power and strength, having chosen one series of thoughts or phenomena, to focus all his attention on this series of phenomena. A healthy person, in a moment of deepest thought, breaks away to say a polite word to the person who has entered, and again returns to his thoughts. The soul of Prince Andrei was not in a normal state in this regard. All the forces of his soul were more active, clearer than ever, but they acted outside of his will. The most diverse thoughts and ideas simultaneously possessed him. Sometimes his thought suddenly began to work, and with such strength, clarity and depth with which it had never been able to act in a healthy state; but suddenly, in the middle of her work, she broke off, was replaced by some unexpected idea, and there was no strength to return to it.
“Yes, I have discovered a new happiness, inalienable from a person,” he thought, lying in a dark, quiet hut and looking ahead with feverishly open, fixed eyes. Happiness that is beyond material forces, beyond material external influences per person, the happiness of one soul, the happiness of love! Every person can understand it, but only God can recognize and prescribe it. But how did God prescribe this law? Why son?.. And suddenly the train of these thoughts was interrupted, and Prince Andrei heard (not knowing whether he was in delirium or in reality he was hearing this), he heard some quiet, whispering voice, incessantly repeating in rhythm: “And drink piti drink” then “and ti tii” again “and piti piti piti” again “and ti ti.” At the same time, to the sound of this whispering music, Prince Andrei felt that some strange airy building made of thin needles or splinters was erected above his face, above the very middle. He felt (although it was difficult for him) that he had to diligently maintain his balance so that the building that was being erected would not collapse; but it still fell down and slowly rose again at the sounds of steadily whispering music. “It’s stretching!” stretches! stretches and everything stretches,” Prince Andrei said to himself. Along with listening to the whisper and feeling this stretching and rising building of needles, Prince Andrei saw in fits and starts the red light of a candle surrounded in a circle and heard the rustling of cockroaches and the rustling of a fly beating on the pillow and on his face. And every time the fly touched his face, it produced a burning sensation; but at the same time he was surprised by the fact that, hitting the very area of the building erected on his face, the fly did not destroy it. But besides this, there was one more important thing. It was white by the door, it was a sphinx statue that was also crushing him.
“But maybe this is my shirt on the table,” thought Prince Andrei, “and these are my legs, and this is the door; but why is everything stretching and moving forward and piti piti piti and tit ti - and piti piti piti... - Enough, stop, please, leave it, - Prince Andrei begged someone heavily. And suddenly the thought and feeling emerged again with extraordinary clarity and strength.
“Yes, love,” he thought again with perfect clarity), but not the love that loves for something, for something or for some reason, but the love that I experienced for the first time, when, dying, I saw my enemy and still fell in love with him. I experienced that feeling of love, which is the very essence of the soul and for which no object is needed. I still experience this blissful feeling. Love your neighbors, love your enemies. To love everything - to love God in all manifestations. You can love a dear person with human love; but only an enemy can be loved with divine love. And from this I experienced such joy when I felt that I loved that person. What about him? Is he alive... Loving with human love, you can move from love to hatred; but divine love cannot change. Nothing, not death, nothing can destroy it. She is the essence of the soul. And how many people have I hated in my life. And of all the people, I have never loved or hated anyone more than her.” And he vividly imagined Natasha, not the way he had imagined her before, with only her charm, joyful for himself; but for the first time I imagined her soul. And he understood her feeling, her suffering, shame, repentance. Now for the first time he understood the cruelty of his refusal, saw the cruelty of his break with her. “If only it were possible for me to see her just one more time. Once, looking into these eyes, say..."
And piti piti piti and ti ti ti, and piti piti - boom, a fly hit... And his attention was suddenly transferred to another world of reality and delirium, in which something special was happening. Still in this world, everything was erected without collapsing, a building, something was still stretching, the same candle was burning with a red circle, the same sphinx shirt was lying at the door; but, besides all this, something creaked, there was a smell of fresh wind, and a new white sphinx, standing, appeared in front of the door. And in the head of this sphinx there was the pale face and sparkling eyes of the very Natasha about whom he was now thinking.
“Oh, how heavy is this incessant nonsense!” - thought Prince Andrei, trying to banish this face from his imagination. But this face stood before him with the force of reality, and this face came closer. Prince Andrei wanted to return to the old world pure thought, but he could not, and delirium pulled him into its realm. The quiet whispering voice continued its measured babble, something was pressing, stretching, and a strange face stood in front of him. Prince Andrey gathered all his strength to come to his senses; he moved, and suddenly his ears began to ring, his eyes grew dim, and he, like a man plunged into water, lost consciousness. When he woke up, Natasha, the same living Natasha, whom of all the people in the world he most wanted to love with that new, pure divine love that was now open to him, was kneeling before him. He realized that it was a living, real Natasha, and was not surprised, but was quietly happy. Natasha, on her knees, scared but chained (she could not move), looked at him, holding back her sobs. Her face was pale and motionless. Only in the lower part of it was something trembling.
Prince Andrei sighed with relief, smiled and extended his hand.
- You? - he said. - How happy!
Natasha, with a quick but careful movement, moved towards him on her knees and, carefully taking his hand, bent over her face and began to kiss her, barely touching her lips.
- Sorry! - she said in a whisper, raising her head and looking at him. - Excuse me!
“I love you,” said Prince Andrei.
- Sorry…
- Forgive what? - asked Prince Andrei.
“Forgive me for what I did,” Natasha said in a barely audible, broken whisper and began to kiss her hand more often, barely touching her lips.
“I love you more, better than before,” said Prince Andrei, raising her face with his hand so that he could look into her eyes.
2018-06-22 346
He is convinced that his calling is to directly do something, and not to give advice. And he does, building the world's largest news agency and becoming the 108th mayor of New York for three terms. All about Michael Bloomberg.
reference Information
- FULL NAME: Michael Reubens Bloomberg.
- Date of Birth: February 14, 1942.
- Education: Johns Hopkins University, Harvard Business School.
- Date of start of business/age: 1981, 39 years old.
- Type of activity at start: financier.
- Current view activities: director of a media company.
- Current state:$50 billion, according to Forbes 2018.
- Link to social media pages Networks: https://www.mikebloomberg.com/.
Politicians dollar billionaire at the same time - not a very common combination. One of these people on everyone's lips is the ex-chairman of the Italian government Silvio Berlusconi. America can be proud of its Berlusconi - Michael Bloomberg.
He is a real financial tycoon, and this is confirmed by the Forbes list, which includes his name among other richest people in the world. He is a very successful and beloved mayor of New Yorkers, and the fact that the city's legislative council allowed him to run for mayor for the third time in a row - the best for that proof.
“I always loved my job and devoted a lot of time to it, which ultimately led me to success. I sincerely feel sorry for those people who don’t love what they do for a living,” he says about himself.
Finding himself on the street at 39, Michael Bloomberg begins to build own business. He succeeded. He built the world's largest news agency and became the 108th mayor of New York - the most short biography Michael Bloomberg.
Michael Bloomberg's childhood and adolescence
Michael Reubens Bloomberg was born on February 14, 1942 in a family with below-average income. William Henry Bloomberg, his father, worked for dairy plant an accountant, and this was not his only occupation in life. Charlotte Reubens Bloomberg, his mother, worked as a secretary all her life. By the way, Michael has Russian roots; his mother was the daughter of a Russian immigrant and a native of New Jersey.
The family lived in Allston, Massachusetts, and when the boy was two years old, they moved to Brookline, and for the next couple of years the Bloombergs lived there until they finally settled in Medford, a suburb of Boston.
Rice. 1. Young Michael Bloomberg
Medford is a blue collar city. A rare student from this Boston public school, where Michael studied, continued his studies at the university. Vocational and technical education became the lot of the majority.
For the boy, studying was rather boring - he was not too attracted to geometry and chemistry. But when the lesson schedule was replenished with history and literature, everything changed, and high school student Michael became seriously interested. Later, he himself admitted that these disciplines allowed him to look at the world from a completely different angle, and only thanks to them did he feel part of a great nation.
“We now felt that we belonged to America’s historical past. ... These two subjects helped me broaden my horizons: a non-traditional approach to the study of history and culture opened up for me fundamentally new world"(hereinafter the memories and statements of M. Bloomberg).
What were you doing in free time future mayor of New York? He didn't have much free time left:
- Winter Saturday evenings were spent attending lectures at the Science Museum in Boston. Studying natural sciences it was much more exciting for him than school lessons.
“Each of us wanted to stand out with our knowledge of the subject and be able to answer all the questions. This competitive spirit helped me develop my powers of observation, attention to detail, and the ability to listen and hear.”
- I read and re-read Esther Forbes's novel about Johnny Tremaine, a teenager who helped the Yankee rebels in Boston in 1776 while working as a courier. The impression from the book was so strong that it forced young Michael to take the subway and go to the places of events described in the novel.
"I imagined myself national hero in the character of George III, a freethinker and dissident. I still strive to live up to it. I… never cease to be amazed at how little useful experience humanity has learned from the lessons of history: we still continue to fight senseless wars, forgetting about the errors of short-sighted politicians that led to wars, depressions, oppression, and separatism.”
- I was at a Boy Scout summer camp. From there he has the ability to combine a sense of camaraderie with the desire to satisfy personal ambitions. To earn money to live in this camp, he sold Christmas decorations. And this became my first sales experience.
“It was then that I learned independence and the ability to live and work in a team.”
- Young Bloomberg worked tirelessly to earn money while trying to help his parents and save some for himself. He worked part-time at small company electronics equipment dealer in Cambridge, Massachusetts. He did this on holidays, on weekends and even after school. By the way, it was here that he was first recommended to enter Johns Hopkins University (Baltimore). And when the teenager, who graduated from school in 1960, faced a real choice, he had almost no doubt and entered this university.
Rice. 2. Family portrait: Michael with his sister, father, grandmother and mother
Source: mikebloomberg.com
Student life of Michael Bloomberg
The successful entrepreneur has two higher education institutions under his belt: in addition to Johns Hopkins University, also Harvard Business School.
Michael Bloomberg was an average student at the university; there were not enough stars in the sky. And it’s not a matter of natural abilities or lack thereof. There was no motivation.
“I never had the desire to do more than the program required. I didn't have the interest or intellectual resources to become a real engineer, physicist or mathematician."
He regularly attended lectures, read educational materials, listened and absorbed information, did homework, but nothing more. There was no desire to go beyond the educational process. But he excelled in communicating with people. He was elected group leader, president, and chairman of the student fraternity council. Here he developed management skills and learned how to promote his candidacy for elected positions.
Moreover, in his last year, he nevertheless took up his studies, took twice as many subjects and even became one of the best students.
Most Hopkins graduates go on to earn a master's degree. For Bloomberg, who was contemplating a life, management seemed like an obvious choice after graduating from university in 1964. He applied and became a student at Harvard Business School.
Rice. 3. Future Harvard Business School Student
Source: mikebloomberg.com
He was in his “element”: every word spoken by professors, every lecture on marketing, accounting, finance and management found themselves on fertile ground.
“Two years of study at Harvard were not in vain for me. …Harvard's case study teaching methods helped sharpen my analytical and communication skills.”
In 1966, Michael Bloomberg received a master's degree in business administration. But he still had a rather vague idea of what to devote himself to. Plans to participate in the Vietnam War did not materialize, since he was declared unfit for military service.
Someone advised, and the resume was sent to two companies at once - Salomon Brothers & Hutzler and Sachs & Co. Few Harvard Business School graduates wanted to join the ranks of Wall Street. So it was not surprising that he was invited for an interview at both companies. Michael himself decided to build a career at Salomon Brothers. Of course, if preference had been given to the second company, perhaps his life would have turned out differently. But the entire subsequent success story of Michael Bloomberg only confirms that he was not mistaken in his choice.
Starting a career at Salomon Brothers
At Salomon, degree holders and those expelled for academic failure were treated equally. And a person’s position in society was determined by his abilities; the company valued disruptive people and tolerated extravagance. Bloomberg fit perfectly into these standards.
Salomon Brothers became a difficult place to work for Michael. This was his company, which he sincerely and with all his soul loved.
He was one of the first to arrive at the office and almost the last to leave. Gradually, he even became involved with the company’s management friendly relations. And this greatly contributed to his career growth.
By the end of the first year, he worked as a clerk in the department's operating room. utilities, and from there, a month later, he moved to the equity department. Now his career was forever connected with stocks.
“We do not have the opportunity to choose privileges at the beginning of our life path, and we especially cannot count on being born smart and talented. But there is something that is subject to our control, and this is the ability to work, the desire to work. … Only if you work hard can you achieve success.”
Similar rhythm working life didn't interfere at all young man have fun, ski, jog and go to parties more often than anyone else, date the girls he liked. He clearly allocated 12 hours a day for each part of his life schedule (work and entertainment).
It took Bloomberg six years to become a superstar in the block trading department of the firm, which was considered one of the most successful on Wall Street. All important clients the companies were his, leading newspapers interviewed him. It seemed that he had become “more than a legend” in his own right.
Rice. 4. Representative of Salomon Brothers in major transactions
Source: mikebloomberg.com
In 1973, Michael Bloomberg became a partner of the company, very soon he managed all operations with shares, and a little later he was approved as leadership position. It was a meteoric rise.
The year 1979 for Bloomberg marked the beginning of a decline in his career. The block sale business has ceased to be profitable due to high competition and negotiated commission rates. The skills of a manager and trader were constantly questioned. By the beginning of 1981, his sworn enemy and envious man, Richard Rosenthal, made Michael's life completely unbearable.
After working at Salomon for 15 years, remaining a general partner for 9 years, Michael Bloomberg left the firm.
“I left there with ten million and a block of shares. ...I actually dedicated 15 years of my life to the Solomon Brothers. And, honestly, I don’t regret it one bit.”
The loss of his job did not cause Bloomberg depression. Quite the opposite. These were new opportunities. His earnings in the company were fabulous. Coupled with well-deserved authority and recognition, this became an excellent basis for creating your own company.
Looks like it's time for this best time.
Michael Bloomberg - businessman
With a baggage of life values and ten million dollars in reserve, Michael, confident in his abilities, opens his own business.
He spent a lot of time thinking about what it would be like:
- Steel plant? There are not enough funds for this.
- Entertainment industry? He doesn't have the musical ability to write songs.
- Trade? Not interested.
- Policy? Dissatisfaction with the government got in the way.
“My calling is to do things directly, not to give advice.”
However, after painful doubts, the future field of activity acquired clearer outlines. His resources, opportunities, interests and connections led him back to Wall Street.
“I will open a company that will provide assistance to financial organizations. There were more skilled traders and salespeople, managers and computer specialists in the world. But no one had much knowledge in the field of working with securities and investments, as well as knowledge of how technical means can contribute to the prosperity of this area of activity.”
He decided that his business would be based on collecting data on securities, providing clients with first the opportunity to select the most important, from their point of view, data, and then software that will allow, without having mathematical data, to analyze the information provided. This opportunity was sorely lacking in the services market, and Bloomberg was going to fill the gap.
So, in 1981, Michael Bloomberg's company Innovative Market Systems appeared, which would later be renamed Bloomberg LP. He invited three of his former colleagues from Salomon Brothers, who were also fired, to join the company.
An office of 100 square meters was rented on Madison Avenue. ft., and $300,000 was deposited into the corporate checking account. This was part of the money Michael made at Salomon Brothers.
“After 15 years, I had a billion-dollar business.”
The company's first client was the famous investment bank Merrill Lynch. Here, the potential of Bloomberg's first information terminal, Innovative Market Systems, was highly appreciated, and the company received a solid order for 20 terminals. The bank became not just the first client, it became an investor, and the $30 million it paid under the agreement was very helpful for the company.
Today, almost all financial companies that require such devices are equipped with Bloomberg Professional terminals. They have become somewhat of a corporate standard, like Microsoft Windows Bill Gates' company on the market operating systems.
After Dow Jones ended a contract under which Bloomberg's company could use material from The Wall Street Journal to disseminate business information to its network, Michael had to create his own editorial staff and find people who could write.
“We don’t make movies, we don’t do any kind of “entertainment” - we deliver accurate, specific information.”
Bloomberg LP has quickly mastered the financial analytics market. Its positions in several directions are not questioned:
- Bloomberg Professional - delivers financial companies expensive terminals;
- Bloomberg Television is a major television network dedicated to finance;
- own publishing house - his most famous projects are: Bloomberg Press, Bloomberg Persona Finance and Bloomberg Markets;
- radio;
- information Agency;
- Internet resource bloomberg.com is the center of global financial analytics.
"Professional Service" is recognized as Michael Bloomberg's crowning achievement in technology. This computer network provides exclusive business information to central banks around the world, as well as government organizations, corporations and investment companies, real-time news services. The network says that one of the largest in the world, the Hong Kong stock exchange, having been cut off from the Bloomberg information network due to a powerful earthquake, has ceased its work.
“The Bloomberg data on your desk is more than the productive equipment in your factory; it is a symbol of prosperity, it is a guide to keeping you on the right course to maximum profit.” - Kenneth B. Marlin, investment media bank Veronis Suhler & Associates.
Bloomberg LP may not be among the most valuable companies in the world, but it is unconditionally recognized as the largest media holding in the world.
Politician Michael Bloomberg
Bloomberg announced that he could become an excellent mayor, governor, or even president as early as 1997. And when the right moment came, and it appeared in 2001, when the city was about to change its mayor, he did not miss it.
With the support of Rudy Giuliani, the outgoing mayor turned national hero, he beat Democrat Mark Greene to win the election. I was always a Democrat, but then suddenly I became a Republican. For his work, party affiliation was unimportant, so in 2007 he easily declared himself independent. The mayor became a technical manager, a strong business executive who solves city problems from the perspective common sense, - the townspeople felt his firm hand very soon. The main city officials were appointed solely on the basis of ability. The tough fight against crime brought the first results - the number of murders has noticeably decreased. He considered it inappropriate to save on education, and the States were soon talking about the performance in New York schools as one of the best in the country. He tightened gun control. Initiated an extensive environmental remediation program. The city has become cleaner.
In November 2009, Bloomberg won the election for the third time and remained for a third term, although this required changes to city legislation.
Some American political scientists joke about Michael Bloomberg, who at one time thought about the presidency: “Why dream of the throne of the emperor of the Roman Empire if you are already the master of Rome itself?”
Michael Bloomberg remained mayor of New York until 2013.
) - businessman and 108th (to date) mayor of New York.
Biography
Michael Bloomberg's predecessor as mayor was Rudolph Giuliani (1994-2001).
Notes
Links
- Mike Bloomberg for NYC webpage
Wikimedia Foundation. 2010.
- Michael Blumenthal
- Michael Boskin
See what "Michael Bloomberg" is in other dictionaries:
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Bloomberg, Michael
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Bloomberg Michael- Michael Bloomberg with his current girlfriend Diana Taylor Michael Rubens Bloomberg (February 14, 1942, Medford, a suburb of Boston, Massachusetts, USA) businessman and 108th (to date) mayor of New York. Biography... ...Wikipedia
Michael Reubens Bloomberg- Michael Bloomberg with his current girlfriend Diana Taylor Michael Rubens Bloomberg (February 14, 1942, Medford, a suburb of Boston, Massachusetts, USA) businessman and 108th (to date) mayor of New York. Biography... ...Wikipedia
Bloomberg M.- Michael Bloomberg with his current girlfriend Diana Taylor Michael Rubens Bloomberg (February 14, 1942, Medford, a suburb of Boston, Massachusetts, USA) businessman and 108th (to date) mayor of New York. Biography... ...Wikipedia
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Bloomberg, Michael- Mayor of New York American politician and billionaire entrepreneur, mayor of New York City since 2002. In 1981, he founded Bloomberg LP, which has grown into the world's leading provider of financial information. Throughout the political... Encyclopedia of Newsmakers
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Michael Bloomberg was born on February 14, 1942 into a Jewish family of descendants of Russian immigrants. Father William Henry Bloomberg was born in Chelsea, Massachusetts on January 19, 1906, the son of a Russian immigrant, mother Charlotte Bloomberg (née Reubens) was born on January 2, 1909 in New Jersey.
In 1964 he graduated from Johns Hopkins University and Harvard Business School. He received a bachelor's degree and later a master's degree in business administration.
He was married to Susan Brown and has two daughters from this marriage: Emma, born in 1979, and Georgina, born in 1983. Currently divorced.
Business career
He began his business career at Salomon Brothers, where he headed stock trading and was responsible for information systems. In 1981, Salomon was sold to a new owner, and Bloomberg lost his job. Using his share of the profits from the sale of Salomon shares, he founded his own firm, Bloomberg LP, that same year, which collected, analyzed and sold information on the state of financial markets. Michael Bloomberg personally developed a computer analysis system for traders and subsequently opened an online stock trading service. Competitors hardly used computers in their work (the 80s were just beginning), and most of them had never even heard of computer networks. To date, Bloomberg's success has been based on its perceived superiority over competitors in the use of computer technology. By combining real-time quotes with analytics (a service neither Reuters nor Telerate provided), Bloomberg was able to fill a market niche that seemed to have no place.
Bloomberg's empire includes television stations, radio channels, not to mention a worldwide computer network for financial news. At the moment, the company is one of the leading providers of financial news in the world, the number of company employees has reached 9,500 people in 130 countries. The number of subscribers to Bloomberg LP news has exceeded 250 thousand.
As mayor of New York, Bloomberg set himself a salary of $1, and also does not use public housing, living entirely on business income.
According to Forbes in 2008, M. Bloomberg's fortune is estimated at 20 billion US dollars, making him the 8th richest American. According to Forbes for 2009, as a result of the crisis, M. Bloomberg's fortune decreased to 16 billion US dollars, and again took 8th place in the ranking of the richest Americans. M. Bloomberg is also one of the most generous philanthropists in the United States. in 2008, he donated $235 million to charities.
Political career
In the New York City mayoral election on November 6, 2001, Bloomberg decided to run for Republican Party, because there were too many candidates vying for the Democratic nomination. Bloomberg spent $73 million of his own money on his 2001 election campaign, and although New Yorkers have historically supported the more liberal Democratic Party in elections, he wins with 50% to his opponent's 48%. A large role in his success was played by the support of the previous mayor of New York, Rudolph Giuliani, who received national recognition after the terrorist attacks of September 11, 2001.
During his first term, Bloomberg carried out a number of different reforms that were differently accepted in society. Thus, among the unpopular reforms (among a certain part of the population) were tax increases, reductions in administration expenses, and a ban on smoking in restaurants, clubs and bars. Among the positively received measures were a reduction in crime in the city by 20%, economic growth, the creation of new jobs by supporting small businesses, the construction of affordable housing, and school reform.
In 2005, Michael Bloomberg, with the help of a coalition of different political forces, was re-elected to a second term. The vote gap in the election was 20% - a record for a Republican mayor of New York. Bloomberg spent $1 million more on this election campaign than on the previous one, amounting to more than $74 million.
From 2005 to 2009, Bloomberg's mayor's office managed to balance the city budget, and unemployment reached a record low. An innovative program to combat poverty by creating new jobs was introduced, and a campaign was launched to combat global warming.
On October 2, 2008, Bloomberg announced that he would seek to change the number of terms the mayor of New York City can serve from two to three, explaining that during the financial crisis he should be the head of the city, as he is a major expert in the field of finance. On October 23, the New York City Council passed the law change by a vote of 29 to 22, allowing Bloomberg to run for a third term.
The elections took place on November 3, 2009, and Bloomberg won the victory over his only opponent, William Thompson, who now holds the position of financial auditor. However, Bloomberg's advantage was not as significant as expected: only 50.5% of voters voted for him.
(contributor Andrey Rassanov)
The former mayor of New York and founder of the Bloomberg news agency on workaholism, the main word in English language, the need to take risks and their afterlife.
To pay for his studies at Johns Hopkins University in Baltimore, Maryland, young Michael Bloomberg had to borrow money from banks and work as a parking attendant. Decades later, he became the businessman who changed Wall Street and then the mayor who transformed New York.
Bloomberg began his career in 1966, joining the investment bank Salomon Brothers. At first he traded shares, then headed the department information systems, and was fired in 1981. The bank's founders sold it, and Bloomberg was left without a job, but with a severance package of $10 million. Bloomberg used $4 million of this money to launch Innovative Market Systems, a company that analyzes financial markets. Soon he renamed the company Bloomberg LP, and the investment bank Merrill Lynch became its first client and investor. Today, the business to which Bloomberg gave his name brings in up to $9 billion annually. The main direction is the sale of computer terminals that monitor the behavior of financial markets around the world, for which 325,000 users are willing to pay $20,000 a year annually. With a fortune of $50 billion, Bloomberg ranks eleventh in Forbes list.
In 2000, Bloomberg won the election as mayor of New York and spent 13 years in this post. He has repeatedly stated that he is ready to compete for a seat in the White House. Will he be able to become the second billionaire president in the history of the United States?
Forbes recalled the most striking statements of Michael Bloomberg.
Management is like skiing. You don't become a super skier by reading a ski book. Management is learned over time, when you have to manage more and more larger group people, make more and more difficult decisions and live with those decisions.
People often think:"Oh, I'm successful in one business, so I can be successful in all businesses." I don't think this is true, partly because each industry requires different skills, and partly because very most of success is associated with simple luck, although no one wants to admit it.
Change is scary. Change can cost you your job. Could cost you your vacation. They can cost you friends and family, which is why people avoid them. But to be a successful company, you need to decide to change.
Some companies resist innovation and inevitably give up because it is always more convenient for people to deal with something already familiar than with something new and incomprehensible. The main principle that guides our company is to play ahead and take risks.
What I don’t like about guys who come to get a job so this is what they all say: “I cured cancer. I brought peace to the Middle East." I've had enough! How about: “I didn’t have a father, my mother was in prison for drug trafficking. I worked three shifts at McDonald's. What I would really hire is a guy who cares about his family, because he will care about those around him. Some of us are not very smart, but we are persistent, diligent and have a good chance of surviving I'm not the smartest guy in the room, but no one will outwork me.
We compete for employees with Amazon, Google, Facebook, Microsoft and a couple of other companies. How do I try to get people interested? I say, “If you work for them, you will make rich people richer. Come to Bloomberg - all the company's profits go to the Bloomberg Foundation, and we give it all away [to charity]. And secondly, if you come to us, you are not a small cog in a big mechanism, we give you real responsibility.”
An MBA plays a big role, but the main thing in studying is learning how to interact with people. I have never seen such a job that could be done by one person. And as much as I learned from Harvard, I learned from two guys at Salomon Brothers - Billy Salomon and John Gutfreund. At the end of the day, what everyone needs is social skills. Whether or not you remember that Columbus sailed [to America] in 1492, a lot of the facts in your head are not material.
Do what you love most and then work like crazy.
I'm no smarter than anyone else but I can work harder than you. Make sure you are the first one to arrive at work and the last one to leave every day. This is the key to success. Don't be distracted by lunch or the toilet, work. You don't even know what opportunities will come to you. Every opportunity that came my way (and there were many) came because I was in in the right place V right time. It's in your hands. You can't control luck, but the harder you work, the luckier you become.
Be persistent. Perseverance pays off. When I started my business, I bought coffee and took it to Merrill Lynch, whose employees were our target audience. I walked the corridors, greeting people, offering them coffee and asking if I could talk to them. Even without understanding who I was and where I came from, they still took coffee. I came again and again in an attempt to build a relationship with potential clients. So I studied target audience and her needs. Three years after the company was founded, Merrill Lynch bought 20 terminals and became our first client.
You came to me and said, “I just quit or lost my job. What should I do?" My answer is - wait a little, a couple of months, evaluate the situation, because things will become available to you that you could not even think about. And it will be a shame to immediately grab onto something. And what is available to you from day one will be available after a couple of months. And if not - so what?
There wasn't a day when I didn't want to go to work- even on those days when I knew that I would be squeezed to the bone, even on the day when I knew that I would be fired. I've never been fired before - I wonder what that's like? OK, let's go find out.
You alone are responsible for your success or failure. But at the same time, you can only succeed if you share with others.
At the end of the day, ask yourself, “Am I making a difference in other people’s lives?” I made my first $5 donation to my alma mater, Johns Hopkins University, shortly after graduating. I literally had to scrape together this money, but I continued to give. And although today the amounts have become larger, the feeling remains the same. You don't have to be rich to give. You can give, for example, your time and skills. You must make a commitment to help others.
Never stop learning. The most powerful word in English is “why”. There is nothing more powerful than an open-minded, inquisitive mind. Whatever field you choose for yourself, be an eternal student. The world is full of people who have stopped learning because they think they have it all figured out. Undoubtedly, you have already met such people and will meet them more than once. Their favorite word- "No". They will find a million reasons why something can't or shouldn't be done. Don't listen to them, don't let them stop you, and don't become one of them if you want to realize yourself and change the world for the better.
Take risks. Life is too short to waste time trying to avoid mistakes. In 1981, when I was 39 years old, I was fired from my only job. permanent job in my life, a job that I loved. But I never looked back. The very next day, I took a risk and launched my own business based on an idea that almost everyone thought would fail. On the idea that information about financial markets must be available on a personal computer. Remember, this was before everyone had computers. In 2001, when I was thinking about running for mayor, many people discouraged me. They were all afraid of failure. But one person said: "If you can imagine making a speech after losing, why not give it a try?" It was best advice, and I followed him.
In order to succeed, you must be willing to lose. and have the courage to take risks anyway.
Not achieving your goal is not the worst thing. The biggest failure is missing out on opportunities.
If there is a God, then when I get to heaven, I won't be stopped. I'll head straight inside. I have earned my place in heaven. This is not even discussed.
For the first time in history everything more people dies from non-communicable diseases. You can't avoid cancer, but you can reduce your risk of getting it, and you can reduce your risk of having a heart attack. Obesity, smoking, road deaths, gun trafficking - all these things can be prevented.
The poorer the country, the more its citizens suffer from non-communicable diseases. We export our bad habits from the rich to the poor.
I fund politicians all over the country- those who promise to fight against guns and for education in their programs. But the problems of the world are great, they are very large and require a lot of money. New York spends $22 billion a year on schools. Private money cannot replace public money due to scale. But they allow you to do things that you cannot afford to do with public money. Private money can finance pilot projects. In the case of public money, you must say what goals you are trying to achieve. If it doesn't work out, the press says you failed. What’s surprising is that in science, if you follow some path and this path turns out to be a dead end, it is very valuable. The point is that you should try a lot of things. And at this moment there is a need for private investment. The thing about innovation is that you don't know if it will work, what it will look like, or if people will buy it.
After all, capitalism is wonderful. He forces people to do what is beneficial to them.
We must stop preparing scenarios for a possible apocalypse, which will happen in decades, and we should talk about the immediate benefits that the fight against climate change will give us. Reducing greenhouse gas emissions is one of the best things we can do to save lives, reduce disease, improve lives and stimulate job growth. Everyone wants this.
Half the world's people live in cities. In a couple of decades, 70% of the world's population will live in cities. The problem [of climate change] is in cities. The solution to the problem also lies in cities, not in governments. The creativity that can cope with these challenges is found in cities, where these challenges have an impact greatest influence. That's why C40, a community of cities to fight climate change, was founded in 2005. It started with 18 cities and now 91 cities have joined it. Cities are the key to saving the planet.
My advice to Donald Trump- hire experts in their fields regardless of their political leanings, give them the opportunity to take responsibility and allow them to work even when things happen that he does not agree with. And even if they make decisions with which he does not agree and which turn out to be wrong, he must support them. If you don't give people confidence that you have their back, you won't get the best talent, you won't be able to retain them.
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