Michael Bloomberg's success story. Michael Bloomberg: Everyone But God Passes Information Mark Bloomberg

Michael Rubens Bloomberg
108th Mayor of New York January 1, 2002 - December 31, 2013
Predecessor	Rudolph Giuliani
Successor	Bill de Blasio
Birth	The 14th of February(1942-02-14 ) (77 years old) Boston, Massachusetts, USA
Name at birth	English Michael Rubens Bloomberg
Father	William Bloomberg
Mother	Charlotte Bloomberg
Spouse	Susan Brown[d]
Children	Emma and Georgina
The consignment	until 2001 - Democratic 2001-2007 - Republican
Education	Johns Hopkins University Harvard Business School
Religion	Reform Judaism
Autograph
Awards
Website	mikebloomberg.com
Place of work	Salomon Brothers[d]
Michael Rubens Bloomberg at Wikimedia Commons

He is the founder and owner of the Bloomberg news agency.

Biography

He was married to Susan Brown, 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 information analysis system for traders, and subsequently opened an online service for stock trading. Competitors almost did not use computers in their work (the 80s were just beginning), and for the most part they had not even heard about computer networks. To date , Bloomberg 's success has been based on a tangible superiority over its competitors in the use of computer technology . By pairing real-time quotes with analytics (a service neither Reuters nor Telerate provided), Bloomberg was able to carve out a market niche that seemed out of place.

Bloomberg's empire includes TV channels, radio stations and a worldwide financial news computer network. The company is now one of the world's leading providers of financial news, with over 9,500 employees in 130 countries. The number of subscribers to Bloomberg LP news exceeded 250,000.

Political career

In the New York City mayoral election on November 6, 2001, Bloomberg decides to run for the Republican Party nomination, as there were too many candidates running for the Democratic nomination. Bloomberg spent $73 million on the 2001 election campaign. own money, and although New Yorkers historically support the more liberal Democratic Party in elections, he wins with 50%, while his opponent is only 48%. A large part of his success was the support of previous New York Mayor Rudolph Giuliani, who received national recognition after the September 11, 2001 terrorist attacks.

During his first term, Bloomberg carried out a number of different transformations, accepted in different ways in society. Thus, among the unpopular reforms (among a certain part of the population) were tax increases, cuts in administration costs, and a ban on smoking in restaurants, clubs and bars. Among the positively received results of Bloomberg's tenure as mayor were a reduction in crime in the city by 20%, economic growth, the creation of new jobs through support for 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 for a second term. The gap in the votes in the elections was 20% - a record figure for a Republican mayor of New York. Bloomberg spent $1 million more on this campaign than on his previous campaign, totaling more than $74 million.

From 2005 to 2009, Bloomberg City Hall managed to balance the city budget, a record low level reached unemployment. An innovative program to combat poverty through the creation of new jobs was put in place, 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 for mayor of New York from two to three, explaining that during 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 in favor and 22 against, allowing Bloomberg to run for a third time.

The election was held on November 3, 2009, and Bloomberg defeated his only opponent, Democrat 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 (of which 37% were Republicans). In 2014, the powers of mayor passed to Bill de Blasio.

Since January 31, 2014, he has been the UN Special Envoy for Cities and Climate Change.

There are not many politicians in the world who can also boast of the status of a dollar billionaire. Remembering Europe, it immediately comes to mind Silvio Berlusconi. But America has its own Berlusconi, whose name is Michael Bloomberg. A real financial tycoon and a very successful mayor, beloved by all New Yorkers. The first confirms the fact that Bloomberg is one of the richest Americans on the Forbes list. And about Bloomberg's success, as politics says, the New York City Legislative Council allowed him to run for mayor for the third time in a row.

Success Story, Biography of Michael Bloomberg

Michael Bloomberg was born on February 14, 1942. Michael's parents were never very wealthy - his father, William Henry Bloomberg, was an accountant at a dairy plant. Mother, Charlotte Rubens Bloomberg, who worked all her life as a secretary, was born on January 2, 1909, in New Jersey, the daughter of a Russian immigrant and a native of New Jersey. She died at the age of 102 on June 19, 2011.

The family lived in Allston, Massachusetts when Michael Bloomberg was two years old, then they moved to Brooklyn and lived there for the next two years, eventually settling in Medford, a suburb of Boston.

Medford was mostly blue-collar. Bloomberg's public school had 250 students in each class, of whom very few went on to university. Basically, everyone wanted to get a vocational education. In the classroom, Michael was frankly bored, until in high school he had two additional courses - in history and in literature. For the first time, he felt an interest in the learning process.

“Before that, none of the teachers in the system public education could not draw our attention to the political debates or events of the time, and now we felt that we belonged to the historical past of America. The difference in approaches to learning was so great, as if we had to choose between the joy of discovery or the banality of the learning process. These two subjects helped me expand my horizons: an unconventional approach to the study of history and culture opened up for me fundamentally new world».

In his spare time, young Michael Bloomberg reread Esther Forbes's novel about Johnny Tremaine, a teenager who, working as a courier, helped Yankee rebels in Boston in 1776, with great pleasure. Impressed by what he read, he took the subway and went to the city center to visit the places of events described in the novel.

“I imagined myself as a national hero in the form of George III, a freethinker and a dissident. I still strive to match it. I learned to understand the deep meaning historical events and their consequences, and never tire of being surprised at how little useful experience humanity has learned from the lessons of history: we still continue to wage senseless wars, forgetting about the delusions of short-sighted politicians that led to wars, depressions, oppression, separatism. We are like civil society we continually use our right to vote in order to bring to power those who prefer comfortable conservative, but not at all effective methods solving complex problems. As voters, we constantly forget about the mistakes of those who did not call to account officials who did not keep their campaign promises. I fear that we are doomed to continue to make such mistakes.”

According to Michael Bloomberg, being in the ranks of the Boy Scouts helped him learn to combine a sense of camaraderie and the pursuit of personal ambitions. Being at a Boy Scout summer camp was one of the highlights of his childhood. He earned money for living in this camp by selling Christmas decorations (this was his first sales experience).

“For six weeks we lived in double tents in the open air in the woods of New Hampshire. In the morning we were awakened by the sound of a bugle. We took ice-cold showers, learned daily shooting from a gun, archery, rowing and canoeing, swimming, painting, ceramics and many other sports and applied arts. Our parents visited us once or twice all summer. It was then that I learned independence and the ability to live and work in a team.”

On Saturdays in winter, Michael Bloomberg attended lectures at the Museum of Science in Boston, where he studied the natural sciences with interest. For him, it was much more exciting than school lessons.

“Every week for two hours I sat at these lectures as if spellbound, I was especially impressed that the teacher gave us the opportunity to touch everything with our own hands: snakes, porcupines, owls. We learned the basics of physics practical experiences; with great pleasure we participated in quizzes that tested our knowledge of all the exhibits of the museum. Each of us wanted to stand out with our knowledge of the subject and be able to answer all questions. This competitive spirit helped me develop observation, attention to detail, and learn to listen and hear. Listen, ask questions, check, think - these are the lessons I learned for my whole life, they helped me realize the true value of knowledge even a few years before I entered the university.

During school years after school, on weekends and during summer holidays Michael worked at small company electronic equipment dealer in Cambridge, Massachusetts. The company's technical expert recommended that he attend Johns Hopkins University in Baltimore. He had acquaintances in the applied physics laboratory at the University, and he knew about Michael's passion for natural sciences. And when it came time to choose an educational institution, Bloombeog thought: why not? After leaving school in 1960, Michael Bloomberg entered the Johns Hopkins University (Johns Hopkins University).

At the university, Michael Bloomberg was an average student, most likely due to lack of motivation, and not because of natural abilities. He did not go beyond the educational process, read educational materials, attended lectures, listened attentively and assimilated the information received, did his homework. In applied subjects, he received mostly "satisfactory", but in the last year, taking twice as many subjects, he became one of the best students.

“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. What I really enjoyed and excelled at was interacting with people. I was elected president and chairman of the fraternity council, group president, in general, I was the "big man" on campus. I learned how to promote my candidacy for elected positions. I developed my managerial skills by participating in the preparation of student discos and parties. By organizing such events, I sought to reach a consensus and involve others in joint activities. The skills I learned then were useful to me in my work on Wall Street, and later in starting and managing my own business.

When Bloomberg first began to think seriously about where he should go after graduation, management seemed like an obvious choice to him. Perhaps he could immediately start looking for a job, but the fact that most Hopkins alumni aspired to earn a master's degree influenced his decision to apply to a business school. It wasn't long before a large brown envelope from Harvard Business School was waiting for him at the campus post office.

“Two years of study at Harvard were not in vain for me. I learned the basics of accounting, marketing, manufacturing, management, administration, finance and human behavior. Harvard teaching methods through "case analysis" helped sharpen my analytical and communication skills. There is nothing more effective in the educational process than the instantaneous reaction of hundreds of other students who take you by surprise if you are not prepared to discuss the topic or cannot stand up for your opinion».

After receiving an MBA in 1966, Bloomberg still had no idea how his life and career would turn out. Like most other young men of his generation, he expected to go to war in Vietnam right after graduation.

“I was in the military and after graduating from Harvard I was supposed to be promoted to second lieutenant. Three months before graduation, I had a scheduled medical examination. I was in excellent physical shape and therefore was not a little surprised by the doctor's statement that I was not fit for military service due to flat feet. I should be glad that I don't have to risk my life. But I have been asking senators and congressmen to reconsider the decision. But no action was taken on their part. In the end, the war was over."

There were only 12 weeks left before graduation, and Michael did not know how to manage his life and where to use the knowledge he had gained. He had no thoughts about it, and he did not arrange interviews. Fellow student and good friend of Michael, Steve Fenster, advised him to contact Salomon Brothers & Hutzler as well as Sachs & Co. and tell them about how he dreams of becoming a salesman or trader.

Since Bloomberg was one of the few Harvard Business School graduates who wanted to join the ranks of Wall Street, he was immediately invited to interview at both companies (at that time, work in sales or securities trading was considered not very prestigious).

initial accumulation of capital

Having eventually chosen a job at Salomon Brothers, Michael Bloomberg fit into its structure and fell in love with this company with all his heart. He just melted into her.

While many supercompanies craved to attract upper-class people with excellent manners, correct pronunciation and an education received at one of the Ivy League universities, Salomon was a system in which a person’s position in society is determined by his abilities, where they valued punchy people, tolerantly were treated with extravagance and with the same lack of interest were treated both with scientific degrees and those who were expelled for poor progress. Bloomberg fit in perfectly with these standards. This was his company.

Michael did not miss the opportunity move up the corporate ladder. At the end of his first year on the job, he was promoted to a clerk position in the department's operations room. utilities. It was there that the real labor activity and there was an opportunity to earn. A month later, he moved to the equity department, and everything that he did before is in the past. He no longer worked in bonds. Now his career was forever connected with stocks.

“In ordinary life, I took the subway to work, where the first thing I read was an office copy of the Wall Street Journal, saving 15 cents on buying it at a kiosk. I arrived at the office at seven o'clock in the morning, when there was still no one there, except for Billy Salomon. If he needed a light or wanted to talk about sports, he would address me as the only person in the trading department. At the age of 26, I became a friend of the managing partner. I stayed at work the longest, except for John Gutfreund. And if he needed someone to make a late call to a big customer or complain about an employee, I was the only one he could turn to. And then the "second person" in the company tossed me home in a taxi for free. My omnipresence did not burden me at all - I liked my work. Not to mention the fact that developing close relationships with those who led the entire parade did not in the least hinder my career.

Woody Allen once said that we spend 80% of our lives creating our own image. I'm sure that's the way it is. It is impossible to master the art of living perfectly. We do not have the opportunity to choose privileges at the beginning of our life path, and we cannot even count on the fact that we will be born smart and talented. But something is subject to our control, and this is efficiency, the desire to work. Probably, there are people for whom everything is easy and simple, without much effort they achieve success in life, but to be honest, I have never met such people. Only if work hard success can be achieved. It's very simple. I have always worked harder than that guy (and if it were different, it would not be me, but he would be writing this book now).

And even with such employment, I managed to live. I don't remember a job taking away my entertainment in the evenings or weekends. I dated all the girls I liked. I skied, jogged and attended more parties than anyone else. And I always clearly knew that my life schedule was divided into two parts - work and entertainment, each of which took me 12 hours a day. The more things I tried to do, the more time I had for my personal life.

Six years after joining the company, Michael Bloomberg's business took off. A blond-haired boy, a superstar in the block trading department of one of the most successful firms on Wall Street, he was the favorite of both managers. He met all the important clients of the company, he was interviewed by leading newspapers, and he plunged into social life. He became "more than a legend" for himself!

In 1973, Michael Bloomberg quickly rose to the top by becoming a partner in the company. Then he began to manage all operations with shares. And after some time he was approved for a leadership position.

In 1979, Bloomberg's career at Salomon began to decline. Negotiated commission rates and high competition have made the block sales business unprofitable. And despite the fact that the company controlled a large volume of transactions on the New York Stock Exchange, his skills as a manager and trader were constantly questioned. As a result, Michael was transferred to the information systems department, which was responsible for the firm's reporting and provided traders and sellers with the necessary analytical tools.

In early 1981, Bloomberg's nemesis, Richard Rosenthal, who had already for a long time intrigued Michael in the firm, made his life completely unbearable. His actions were partly dictated by envy of those with a university education, and especially those with an MBA from Harvard Business School.

“He convinced everyone of my incompetence. Many followed him to ridicule my persistence in implementing a single computer system that would ensure the interconnection of all departments and risk management in many industries. The situation didn't change a bit when I tried to prove that the company was on the wrong track by implementing a centralized revenue accounting system, which, in my opinion, was not at all suitable for a complex, fully integrated business structure. Perhaps I should not have criticized the changes in our personnel policy, when preference for opening new managerial positions was given not to internal candidates, but to “valuable” specialists from outside. It is hardly politically savvy that I insisted that, as part of the information systems development project, we purchase trendy and modern minicomputers (all this led to a confrontation not only with the IBM sales team, but also with Dick). There were also rumors that I should not have boasted that I could manage the company better than the executive committee, although I personally do not remember such statements on my part.

I threw fuel on the fire, lost the battle, for which I paid. And despite the fact that John Gutfreund tried to the last to defend my positions, the executive committee came to a unanimous decision not in my favor. They won. I lost. It's time to leave."

Michael Bloomberg worked at Salomon for 15 years, nine of which he was a general partner. And all this time he went to work with great pleasure, even when he knew that he would have a hard day. He earned fabulous sums, earned prestige and recognition. And everything he learned - apart from the money he made - provided him with an excellent basis for creating his own company.

“People often ask me if I hold a grudge against the Solomon Brothers. Yes you! I was not just fired without a penny in my pocket: sorry, we don't need you anymore. Read the papers and you will know that I left with ten million and a block of shares. So this whole pitiful story about how I, the poor, unfortunate, was thrown out of the Solomon Brothers after 15 years of selfless work, seems to me, to put it mildly, a little exaggerated. The only thing that's true is that I actually dedicated 15 years of my life to the Solomon Brothers. And honestly, I don't regret it one bit.

It seemed to me at the time that this was the best firm on Wall Street. And I was proud to work there. I remember that every time I saw a famous emblem in a newspaper, my heart began to beat faster, because I felt that I had something to do with it, that the name written on it was mine too. What can I say, I feel the same feeling even now, despite the fact that we broke up badly. So what! But then we were the most aggressive, the most honest, the most professional – in general, the best.”

The loss of his job didn't make Bloomberg depressed. Rather the opposite. She opened up new possibilities for him. Michael understood where you can earn money and he had a firm confidence that right now best time in order to start your business. Fortunately, the start-up capital for this was.

Own business

With the values ​​in life laid down by his parents, with ten million dollars in his pocket and a self-confidence based on something more than a hurt ego, Michael Bloomberg Start your own bissnes.

“I was thinking about how to make millions, billions of dollars while jogging (at this time I am visited by the most extraordinary ideas), when I was finalizing the last days at Solomon Brothers. What should I do? Since I did not have enough funds to set up a steel plant, I immediately ruled this idea out of my list of possibilities; in other words, I will not work in industry. The lack of musical ability precluded songwriting, entertainment was closed to me. The lack of interest in retail eliminated the rivalry with Wal-Mart, Sam Walton's capital was safe. My dissatisfaction with the government kept me away from politics, so the officials didn't have to worry. Maybe I should start another securities trading company and compete with my former colleagues? I already passed it. Maybe I can become a full-time consultant, like many top managers who were forced to leave. No, I can't be an outsider except when my daughters Emma and Georgina ride horses. My calling is to do things directly, not to give advice.

What I really had—resources, opportunities, interests, and connections—had brought me back to Wall Street. It was obvious that the economy was undergoing changes and the service sector was an increasing part of the gross domestic product. My talents, experience, financial resources, the opportunities provided by the American economy at that time - everything turned out perfectly. I will open a firm that will assist financial institutions. 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 tools can help this area to flourish. ”

Bloomberg's idea was to find an additional service that is not currently on the market. He conceived the idea of ​​building a business based on collecting data on securities, allowing clients to select the data that was most important to them, and then providing software that would allow ordinary people, not mathematicians, to analyze the information provided. This opportunity was sorely lacking in the service market. Several major insurance companies had internal systems trying to fill this gap, but you had to be a Ph.D. to use them; they were not available to the average user.

To do this, Michael organized his company, inviting three former employees of Salomon Brothers, who were laid off, like himself. At that time, Reuters was the clear market leader in this area. But Bloomberg had the opportunity to outdo the brainchild of Julius Reiter. The era of widespread computerization was brewing. And you just had to use the revolution to the maximum advantage for yourself (it is worth noting that Reuters was not a company that completely ignored high technology, otherwise this agency would not have flourished today).

“I rented an office on Madison Avenue. It was nearly a hundred feet square and overlooked the alley. All this was very different from my previous job, the huge Salomon office on the 41st floor overlooking New York Harbor. I deposited $300,000 of the Salomon Brothers money into a corporate checking account. And 15 years later, I had a billion-dollar business. So, in 1981, Innovative Market Systems was born, which in the future will be renamed Bloomberg LP. The idea was to provide various business information to companies, including financial information. But doing it not like other companies at that time is chaotic, but structured, highlighting current trends.

It certainly took some time to move into the office currently occupied by Bloomberg. And I didn't start my own business. At the end of 1981, I hired four former Salomon employees, three of whom are still with my company."

When the company began to develop a computer system and began to collect a primary financial information database, they made every effort to maintain the principles of independence and honesty so that they were not identified with what they had done before. They used a different brand of computer and a different programming language. Documented when and where the information was collected. And they even chose a different terminology and syntax for the entire computer system.

The well-known investment bank Merrill Lynch became the first client of Michael Bloomberg's company. At the same time, the story of how Bloomberg persuaded Merrill Lynch to become his client is a real business legend. Michael personally visited the office of the investment bank, presenting the business plan of his company there. He fully painted his future product, after which they offered the company a trial version so that Merrill Lynch would evaluate the potential of the brainchild of Innovative Market Systems. This is how Bloomberg's first information terminal ended up in a bank. Merrill Lynch liked this device, which collects information from the stock market almost instantly, so much that the bank decided to order 20 such terminals.

So Michael Bloomberg got his first client and ... investor. Merrill Lynch will soon acquire 20% of Innovative Market Systems for $30 million. This money will be very useful for the company, as it will accelerate development.

“At that time, our style of work was about the same as now. We took a problem and broke it down into small, manageable, digestible pieces. Then each of us took on the most suitable piece for him. We needed a proprietary terminal so that we could have a technical and market advantage. To create it, we hired engineer Ron Harris. We needed a central computer for storing information - Chuck Zegar analyzed what suits us best and wrote a special software package to create a database suitable for our purposes. We needed data - Duncan Macmillan collected the data, classified it and entered it into the database. We needed calculations - Tom Sekunda sat at the computer and created the necessary programs for this. We needed customers - I went and made sales. We needed outside support—we brought in lawyer Dick Descherer and economist Marty Geller. This scheme was not sophisticated. It was ridiculously simple by today's standards. But we applied it and succeeded.”

It is probably worth noting which terminals in question. You could all see them in the photos associated with stock market. To date, Bloomberg Professional terminals are present in almost all financial companies that require such devices. This is to some extent a corporate standard, like Microsoft Windows on the operating system market. At the same time, the Bloomberg Professional system has shown over time its reliability and functionality, thereby confirming highest quality product. Of course, the dissemination of business information is impossible without a serious staff of journalists. To solve this problem, Bloomberg entered into an agreement with Dow Jones, according to which his company could use materials from The Wall Street Journal in its network. The alliance with Dow Jones lasted until 1990, when the latter, unexpectedly for everyone, terminated the contract. Nobody knows the reason so far. Be that as it may, Bloomberg had to organize his editorial staff. Roughly speaking, it was necessary to hire people who could write.

Michael coped with this task by paying attention to the youth. It was quite an unexpected move. Bloomberg did not look for experienced and expensive specialists, but hired talented graduates. Soon Bloomberg LP had a huge staff of employees who today work around the world, supplying their network with all necessary information. The organization of such a state required the introduction of new services. And they did not keep themselves waiting long. Bloomberg acquired a radio station, opened his own financial television channel, and launched a website that is now the center of global financial analytics.

Gradually, Bloomberg LP took an increasingly important place in the financial analytics market. Today it has a strong position in several directions at once. First, Michael Bloomberg's company has a Bloomberg Professional division that supplies financial companies their expensive terminals (you will have to pay 1.5 thousand dollars for renting such a device for one month). Second, the company has Bloomberg Television, a major television network dedicated to finance. The company has its own publishing house, currently dealing with such projects as Bloomberg Press, Bloomberg Persona Finance and Bloomberg Markets. The empire of the current mayor of New York also has its own radio, and even a full-fledged news agency. And, of course, the Internet is not forgotten, dominated by bloomberg.com. Today, Bloomberg LP is one of the leading providers of financial news worldwide. The company employs 9.5 thousand people employed in 130 cities.

At first, Bloomberg's television was limited to half-hour morning shows of Bloomberg Business News, The Charlie Rose Show, and Adam Smith's World of Money on various American channels. Bloomberg programs attracted a large enough audience, and the next step was the round-the-clock network BIT - Bloomberg Information Television. The programs of one network channel with a broadcast center in New York were intended for the USA and Canada, the other for South America (broadcast center - Sao Paulo), the third - for Europe and the Middle East (broadcast center - London), the fourth - for Asia ( broadcast center - Tokyo). All broadcasting centers were served by a single, specially created high-speed computer network for video data transmission.

Bloomberg offers two types of media services: broadcast communications networks for a wide range of consumers who receive the same information at the same time, and specialized (primarily online) media for narrow groups of customers. This empire, in addition to the “basic” news agency, today includes Bloomberg TV network television companies, radio services, magazine editorial offices, book publishing, and a system of educational projects. All these structures are served by a single computer system, the analogues of which have not yet been created in the world (even the Google data center is much less equipped). But the highest technological achievement of Michael Bloomberg was the creation of " professional service” - a computer network that allows the world's central banks, investment companies, government organizations, corporations and news services to use Bloomberg's exclusive business information in real time. When China was cut off from the Bloomberg news network recently due to a powerful earthquake, the Hong Kong stock exchange - one of the largest in the world - simply stopped its work.

“If 10 years ago I was asked what I do for a living, I would have answered: “Administration”. Now, when I have to, for example, fill out a customs declaration, I write that I am a publisher. I don't know why, but I think it sounds more prestigious. In fact, we have not just entered the media business - we have always been in it. It's just that before our news was in numbers, but now it has audio, video or text format. In any case, all this exists for a certain group of consumers - people who are interested in securities, investments and other things related to their business. We don’t make movies, we don’t do any kind of “entertainment” - we deliver accurate, specific information.

Bloomberg TV's strategy is to present worldwide news from a local perspective. Today, Michael Bloomberg's multinational project is recognized as the most successful of all implemented by global television networks. Financial news television networks have taken their niche in international television broadcasting, and in terms of audience scale they are practically not inferior to the universal television networks of CNN International and BBC World.

« Bloomberg data on your desk is more than productive equipment in your factory, says Kenneth B. Marlin, spokesman for investment media bank Veronis Suhler & Associates, it is a symbol of prosperity, it is a guideline that allows you to follow the right course to maximum profit».

In general, it is safe to say that Bloomberg's business was a success. Just Michael himself. recent times spend less and less time on it. And the thing is that for the last 8 years his main activity has been the management of one of the most major cities in the world - New York, of which he is the mayor.

Prior to the crisis, Michael Bloomberg was the 8th richest American in the Forbes list, with a net worth of $20 billion. The crisis, of course, affected Bloomberg, but not as much as other entrepreneurs. According to Forbes magazine, the total fortune of Michael Bloomberg in 2012 amounted to $ 22 billion, and in the ranking of "The richest people in the world" he took 20th place.

“I have never understood companies that pay specific employees or departments for some personal contribution. I think the main thing is overall result. If you buy our product, of course, it is possible that you are doing this because the seller you came across turned out to be a manager from God. But after all, maybe you are doing this also because when you called us with a complaint, the operator politely talked to you and reassured you. Or because someone in Tokyo got out of bed at three in the morning to turn a screw for you. Or because someone took their day off to write a story that you then heard on our radio, or on television, or read in print. When you have a finished product, you no longer know why people buy it. But something tells me that the one who puts his soul into the business will receive more revenue than the one who does not invest his soul, and no managers will help here.”

Politician Michael Bloomberg

It's no secret that Bloomberg, like many other New Yorkers, is in love with his city. When a journalist from Vanity Fair asked the mayor what city he would like to live in, Bloomberg quickly retorted: “ In New York. Why live somewhere else!" Since he is a businesslike and extremely energetic person, his love is not contemplative, but active and active. Back in 1997, Bloomberg, without false modesty, declared that he "could make an excellent mayor, governor or president." And when the city searched for a replacement for national hero Rudy Giuliani in 2001, Bloomberg decided his hour had come. With the support of the outgoing mayor, he won the election against Democrat Mark Green. At the same time, Bloomberg, himself a Democrat all his adult life, changed party affiliation and overnight became a Republican.

However, party membership did not matter to his work. He presented himself primarily as a technical manager, a kind of strong business executive, approaching the problems of the city from the standpoint of common sense. The conditionality of his party ties was once again confirmed in 2007, when he parted ways with the Republicans without regret and declared himself independent.

Bloomberg transferred the management style of his own corporation to the management of the city. He appointed the chief city officials on the basis of their abilities, and delegated them broad powers. Breaking with a 190-year tradition, Bloomberg decisively redesigned the interior of the City Hall - City Hall, seating all the bosses and their subordinates in open spaces that look like Wall Street trading floors. It is assumed that under each other's cross-observation, they will do more business, and it will become easier for visitors to reach them, and all sorts of dark deeds in such an environment are more difficult to do.

Bloomberg's firm hand in the city was soon felt. " People looked around and realized that the clumsy New York government”, notes John Heilman in the popular New Yorker magazine. According to him, Bloomberg's competence disarmed the skeptics. Even the fact that people did not accept the first time, as was the case with a complete ban on smoking in restaurants, bars and all other public places, later became a plus for the mayor. He continued the tough fight against crime begun by Giuliani and achieved a noticeable decrease in the number of murders. He shook up the city's education system, not saving on it even in times of crisis, and school performance in New York is now considered one of the best in the country. He created a coalition of fellow mayors to tighten gun control.

Under him, in all food outlets, including fast food chains, a ban on the use of transgenic fats was imposed and an extensive environmental improvement program was launched. The city has become cleaner. " Moving around New York- says Jerry Hagstrom, - the mayor has a habit of counting the distance between piles of rubbish on the streets. I remember him proudly reporting that at the beginning of his mayorship, Atlantic Avenue in Brooklyn was just a gutter, and now you can drive block after block and not even find a piece of paper.". However, problems with garbage, as well as with the quality of the road network and constant traffic jams, have not gone away. However, under Bloomberg, as the newspapers say, all these ulcers of the big city became less noticeable. However, the mayor himself favors newspapermen. Well, in which capital of the world did you see parking spaces scattered throughout the city, marked with special signs and reserved strictly for the media? And in New York, where there is nowhere for a car to stumble, and for improper parking you can almost lose your fortune, they are! And, what is noteworthy, not for all the writing and filming fraternity, but only for those specializing in urban topics.

Michael Bloomberg is adept at political tricks. He regularly dines at some simple restaurant, preferably with Greek cuisine, now in one, then in another of the five city districts. Surrounded by the press, he rides the subway to work, and when the transport workers threatened to strike, he switched to a bicycle. In order to weaken competitors, he hires the best specialists to his campaign headquarters, pays them big money and doesn’t even load them with work - just so they don’t run over to competitors.

On October 2, 2008, Bloomberg announced that he intends 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 great specialist in the field of finance. The New York City Council soon passed a change to the law with 29 votes in favor and 22 votes against, allowing Bloomberg to run for a third time. The elections were held on November 3, 2009, and Bloomberg won them.

Bloomberg spent about 14 times more on the election than his little-known black rival (the mayor laid out between 90 and 110 million, and three mayoral terms cost him at least 250 million of his hard-earned money), city auditor William Thompson. And with such an overwhelming superiority, the incumbent mayor beat his rival by only 5 percent of the vote. This paradox has made many American analysts scratch their heads. " I'm shocked, - said the famous political scientist and publicist Jerry Hagstrom of the National Journal. - Bloomberg's poor result defies explanation. It's not even about how much and how money is spent. We know that in general, New Yorkers treat him well.". It's just that Americans love to change power, and New Yorkers in particular. Therefore, the third term of Bloomberg - apparently, his crown political career.

Interestingly, according to some assumptions, the votes of Russian-speaking Americans helped Michael Bloomberg's fragile victory. " He is well known in our community,” said Arkady Mar, editor of Russian America. Bloomberg is a third-generation native of Russia. During the election campaign, the mayor met with Russian-speaking voters, even made short speeches in Russian - with an accent, of course. On Russian-language TV channels and radio stations, his election video was endlessly played: “ I love this city and I know that together we can make it even better.».

However, Bloomberg did not bypass the attention of both American Chinese and Italians, in a word, he showed off the skill of a polyglot to the fullest. So it's not just advertising and language symbolism. " We appreciate that the severe economic crisis that is shaking the whole world is still a little easier in New York than in many other places. Mar says. - It is also attractive that Bloomberg, with a huge personal fortune, serves as mayor for a nominal fee of one dollar, using the 150,000th annual salary for city needs. Although some critics do not really like that he pushed a third term for himself, which is why even such famous politicians like Rudy Giuliani or Vladimir Putin did not dare to do…»

Today, the indefatigable mayor lives with city problems and, by his own admission, is incredibly happy: "I have the best job in the world." Apparently, he himself resigned himself to the fact that he had reached the ceiling in politics. As 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 owner of Rome itself.

Charitable work of Michael Bloomberg

Michael also pays active attention to charity. Over the past few decades, he has been a member of numerous non-profit organizations, and even served as chairman of the board at their native Johns Hopkins University.

In 2008 alone, Michael Bloomberg donated more than $440 million to charity. In 2009, Bloomberg donated $6.5 million to equip Jerusalem's rescue service with the latest equipment. According to Bloomberg, this was done in memory of his father. From now on, the regional ambulance service station of the Jewish capital will be named after William Bloomberg, who died in 1963, when his son Michael was still in college.

« I think my father would be happy with what I'm doing here because he knew what it was like to take care of others.» , Bloomberg said at a ceremony marking the laying of a new ambulance station. He said that his family maintains about 600 such centers around the world.

In 2011, Bloomberg Philanthropies donated various organizations located in different parts the globe, more than $330 million. The Chronicle of Philanthropy ranked Michael Bloomberg as the fifth most generous philanthropist in America. Bloomberg's charitable foundation funds various programs to improve the health system, including the global anti-tobacco campaign. In addition, the fund provides funds for projects of a different nature, for example, to improve the safety of highways in countries around the world, from Vietnam to Egypt.

The seriousness of the intentions of Bloomberg the philanthropist is also evidenced by the fact that he has already purchased for $ 45 million a few blocks from his Manhattan house an old mansion, built by the famous architect Stuyvesant Fish, as the headquarters of the future charitable foundation.

Michael Bloomberg's personal life

As for his personal life, Bloomberg married Susan Brown at the age of 33, he has two daughters from her - Emma (born 1979) and Georgina (born 1983). He is currently officially divorced, but is in civil marriage with Diana Taylor.

“For myself, I realized that life is arranged as follows: every day offers us many, albeit small, but amazing chances. And sometimes you manage to catch the very unique, leading to success. Most of these chances, even if they have some value, allow you to make only a small leap. In order to succeed, you need to develop steadily, and not count on a lucky lottery ticket. Hoping that luck will surely smile is at least naive. As practical advice, I want to say that you should tirelessly develop your abilities, devote maximum of your time to this and learn to think through your actions a few steps ahead. Then you need to stop and see what is happening and, if necessary, adjust your plans. Take every chance, make decisions "on the spur of the moment."

Don't make plans for a five-year period and don't expect results from the Great Leap Forward. Central planning did not bring the expected results in the era of Stalin or Mao and is unlikely to be useful for entrepreneurs. The philosophy of the guru speaks of the need to scrupulously follow your plan, step by step on the way to your goal. They claim that it brings results. But that's not my philosophy. It is impossible to predict the future. Continuous and selfless work increases the chances of success. But there is no guarantee here either: everything may ultimately depend on how the card falls. I have always believed that you should be able to "wear several hats" and do it beautifully and smartly, and also take the best of what comes your way. Every significant step in the development of my company and personally mine was more evolutionary than revolutionary: it was more like small but sure steps than unexpected luck.

“The value of planning cannot be denied, very often long reflections lead to ingenious solutions. But you can realize what you have planned, if this is what you really want.

Then, whatever your idea, you need to see it through to the end. This task is easier to solve if you like what you do. Since the desire to do more always leads to great achievements, you, in turn, begin to have even more pleasure. And you want to do even more, because your work is rewarded. And so it can go on indefinitely. I have always loved my job and devoted a lot of time to it, which eventually led me to success. I sincerely feel sorry for those people who do not like what they do for a living. They suffer at work, becoming miserable, not to mention becoming successful. Which, in turn, makes them hate their jobs more and more, which eventually leads to professional burnout. Every day in this short period of life brings many amazing events that are worth it to gladly go to meet them.

“If you want to succeed, develop a clear vision that is feasible and meets the needs of the client. Then put it into practice. Don't worry too much about the details. Don't doubt your creativity. Avoid too detailed analysis of the potential of a new project. And most importantly, don't make too many long-term plans.

Think of banks and venture capital companies as your worst enemies. They sow doubt in the minds of entrepreneurs with their corrosiveness when it comes to issuing a loan. They want to know the expected performance of the company in five years, and this is in a world where long-term planning for six months is difficult even for stable companies with a lot of experience. They insist on budgeting when no one knows yet what a new product or product will look like. potential buyers and what are the volumes of products sold. And worst of all, they think they can help the entrepreneur by sharing their "deep" ideas with him on how he should run his business. Very often they nip in the bud something fundamentally new, special and promising.”

“There are many different patterns in business. And one of them is this: if you check the readiness of your weapons every day, aimed at an unsuspecting victim, expect an attack on yourself. And you can try as much as you like to stop this arms race by diplomatic means, but the fact remains that your business will only be safe when you have strong protection.

My experience, which has not always been easy, has convinced me that it is safest to go through life alone. Of course, my therapist, after such a statement, would throw up his hands and prescribe me enhanced therapy ... But every day at five in the morning I leave the house for a morning run, and while I run, I entrust all the secrets to the only person in the world who I really trust. Guess who that person is if I'm running alone."

If you find an error, please highlight a piece of text and click Ctrl+Enter.

) is a businessman and the 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:

Bloomberg, Michael Reubens- Michael Rubens Bloomberg Michael Rubens Bloomberg ... Wikipedia

Bloomberg- Bloomberg, Michael Rubens Michael Rubens Bloomberg Michael Rubens Bloomberg ... Wikipedia

Bloomberg, Michael

Bloomberg Michael Reubens- Michael Bloomberg with his current girlfriend Diane Taylor Michael Rubens Bloomberg (eng. Michael Bloomberg) (February 14, 1942, Medford, a suburb of Boston, Massachusetts, USA) businessman and 108th successive (present) mayor NY a. Biography ... ... Wikipedia

Bloomberg Michael- Michael Bloomberg with his current girlfriend Diane Taylor Michael Rubens Bloomberg (eng. Michael Bloomberg) (February 14, 1942, Medford, a suburb of Boston, Massachusetts, USA) businessman and 108th in a row (to date) mayor of New York. Biography ... ... Wikipedia

Michael Rubens Bloomberg- Michael Bloomberg with his current girlfriend Diane Taylor Michael Rubens Bloomberg (eng. Michael Bloomberg) (February 14, 1942, Medford, a suburb of Boston, Massachusetts, USA) businessman and 108th in a row (to date) mayor of New York. Biography ... ... Wikipedia

Bloomberg M.- Michael Bloomberg with his current girlfriend Diane Taylor Michael Rubens Bloomberg (eng. Michael Bloomberg) (February 14, 1942, Medford, a suburb of Boston, Massachusetts, USA) businessman and 108th in a row (to date) mayor of New York. Biography ... ... Wikipedia

Bloomberg M. R.- Michael Bloomberg with his current girlfriend Diane Taylor Michael Rubens Bloomberg (eng. Michael Bloomberg) (February 14, 1942, Medford, a suburb of Boston, Massachusetts, USA) businessman and 108th in a row (to date) mayor of New York. Biography ... ... Wikipedia

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

Bloomberg (disambiguation)- Bloomberg's surname. Bloomberg, Gundega journalist. Bloomberg, Michael Rubens politician. Blumberg, Baruch American physician and scientist ... Wikipedia

Books

• Iron grip. How to develop the qualities you need to succeed, Linda Kaplan Thaler, Robin Koval. Quote ʻIron grip` - sounds a bit old-fashioned, as if from the last century. But today this quality is experiencing a rebirth. Why? Because it looks like we're getting...

2018-06-22 346

He is convinced that his calling is to do something directly, and not to give advice. And he does, builds the world's largest news agency and becomes the 108th mayor of New York for three terms. All about Michael Bloomberg.

 

reference Information

• FULL NAME: Michael Rubens Bloomberg.
• Date of Birth: February 14, 1942.
• Education: Johns Hopkins University, Harvard Business School.
• Business Start Date/Age: 1981, age 39
• Type of activity at the start: financier.
• Current activity: director of a media company.
• Current state:$50 billion, according to Forbes-2018.
• Link to social pages Networks: https://www.mikebloomberg.com/ .

A politician and a dollar billionaire at the same time is not a very common combination. One of these on everyone's lips is the former Prime Minister of Italy, Silvio Berlusconi. America can be proud of its Berlusconi - Michael Bloomberg.

He is a real financial tycoon, and this is confirmed by Forbes list, in which, among the other richest people in the world, there is his name. He is a very successful mayor beloved by New Yorkers, and the fact that the city's legislative council of the metropolis allowed him to run for mayor for the third time in a row - the best of that proof.

“I have always loved my job and devoted a lot of time to it, which eventually led me to success. I sincerely feel sorry for those people who do not like what they do for a living, ”he says about himself.

Once on the street at the age of 39, Michael Bloomberg begins to build his own business. He succeeded. He built the world's largest news agency and became the 108th mayor of New York - this is the shortest biography of Michael Bloomberg.

Childhood and youth of Michael Bloomberg

Michael Rubens Bloomberg was born on February 14, 1942 in a below average family. William Henry Bloomberg, his father, worked as an accountant in a dairy, and this was not his only occupation in life. Charlotte Rubens Bloomberg, his mother, worked all her life as a secretary. 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 Brooklyn, and the Bloombergs lived there for the next couple of years, until they finally settled in Medford, a suburb of Boston.

Rice. 1. Young Michael Bloomberg

Medford is a blue collar city. A rare student of this Boston public school, where Michael studied, continued his studies at the university. The lot of the majority was vocational education.

For the boy, the training 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 was seriously carried away. Later, he himself admitted that these disciplines allowed him to look at the world from a completely different angle, only thanks to them he felt like part of a great nation.

“Now we felt our belonging to the historical past of America. … These two subjects helped me broaden my horizons: an unconventional approach to the study of history and culture opened up a fundamentally new world for me” (hereinafter, the memoirs and statements of M. Bloomberg).

What was the future mayor of New York doing in his spare time? He didn't have much free time.

1. Winter Saturday nights were spent at lectures at the Museum of Science in Boston. The study natural sciences 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 questions. This competitive spirit has helped me develop my powers of observation, attention to detail, and learning to listen and hear.”

2. Read and re-read Esther Forbes' 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 made young Michael take the subway and go to the places of events described in the novel.

   “I imagined myself as a national hero in the form of George III, a freethinker and a dissident. I still strive to match it. I ... never cease to be amazed at how little useful experience mankind has learned from the lessons of history: we still continue to wage senseless wars, forgetting about the delusions of short-sighted politicians that led to wars, depressions, oppression, separatism.

3. Went to a Boy Scout summer camp. From there, he has the ability to combine a sense of camaraderie with the pursuit of personal ambition. To earn money to live in this camp, he was involved in the sale of Christmas decorations. And this was the first sales experience.

   “It was then that I learned independence and the ability to live and work in a team.”

4. Young Bloomberg worked tirelessly to earn money while trying to help his parents and save some for himself. He worked for a small electronics company in Cambridge, Massachusetts. He did it 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 a real choice arose before a teenager who graduated from school in 1960, he had almost no doubts and entered this university.

Rice. 2. Family portrait: Michael with his sister, father, grandmother and mother
Source: mikebloomberg.com

Student life of Michael Bloomberg

Behind the shoulders of a successful entrepreneur are two higher educational institutions: in addition to Johns Hopkins University, there is also the Harvard Business School.

Michael Bloomberg was an average student at the university, there were not enough stars from the sky. And it's not about 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 to and absorbed information, did his homework, but no more. There was no desire to go beyond the educational process. But he excelled in dealing with people. He was elected head of the group, president, chairman of the student fraternity council. Here he developed managerial skills, learned how to promote his candidacy to elected positions.

In addition, in the last year, he nevertheless took up his studies, scored twice as many subjects and even became one of the best students.

Most Hopkins graduates went on to study for a master's degree. For Bloomberg, who was contemplating a life, management seemed like an obvious choice after graduating in 1964 from the university. He applied and became a student at Harvard Business School.

Rice. 3. Future student at Harvard Business School
Source: mikebloomberg.com

He fell into his "element": every word uttered by professors, every lecture on marketing, accounting, finance and management fell on fertile ground.

“Two years of study at Harvard were not in vain for me. …Harvard teaching methods through “case analysis” 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, as 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 graduates of Harvard Business School 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 in Salomon Brothers. Of course, if the preference had been given to the second company, his life might have turned out differently. But the entire subsequent success story of Michael Bloomberg only confirms that he was not mistaken in his choice.

Early career at Salomon Brothers

At Salomon, degree holders and dropouts were treated equally. And the position of a person in society was determined by his abilities, in the company they valued punchy people, they were tolerant of extravagance. Bloomberg fit these standards perfectly.

Salomon Brothers for Michael has become a difficult place to work. It was his company, which he sincerely and with all his heart fell in love with.

He was among the first to come to the office and almost the last to leave it. Gradually, he even developed friendly relations with the company's management. And this greatly contributed to his career growth.

By the end of his first year, he was working as a clerk in the operations room of the Utilities Department, 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 even more so we cannot count on the fact that we will be born smart and talented. But something is subject to our control, and this is efficiency, the desire to work. … Only if you work hard can you achieve success.”

Such a rhythm of working life did not interfere at all young man having fun, skiing, jogging and partying more than anyone else, dating the girls he liked. For each of the parts of the life schedule (work and entertainment), he clearly allocated 12 hours a day.

It took Bloomberg six years to become a superstar in the block trading department of a firm considered one of the most successful on Wall Street. All the important clients of the company were his, leading newspapers interviewed him. He seemed to have 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 in the company, very soon he managed all operations with shares, and a little later he was approved for a senior position. It was a meteoric rise.

The year 1979 for Bloomberg was the beginning of the decline of his career. The business of block sales of shares has ceased to be profitable due to high competition and negotiated commission rates. The skills of a manager and a trader were constantly questioned. His sworn enemy and envious, Richard Rosenthal, by the beginning of 1981, 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 with ten million and a block of shares. …I really 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 make Bloomberg depressed. Rather the opposite. These were new opportunities. His earnings in the company were fabulous. Together with well-deserved authority and recognition, this has become an excellent basis for creating your own company.

Looks like it's the best time for this.

Michael Bloomberg - businessman

With the luggage 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:

1. Steel plant? There are not enough funds for this.
2. Entertainment industry? He doesn't have the musical ability to write songs.
3. Trade? Not interested.
4. Politics? There was dissatisfaction with the government.

“My calling is to do things directly, not to give advice.”

However, after painful doubts future sphere activity has become clearer. The possession of resources, opportunities, interests and connections brought him back to Wall Street.

“I will open a company that will assist financial institutions. 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 tools can help this area to flourish. ”

He decided that his business would be based on collecting data on securities, giving clients the opportunity to first select the most important data, from their point of view, and then software, which will allow, without having mathematical data, to analyze the information provided. This opportunity was sorely lacking in the service market, and Bloomberg was about to fill that niche.

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.

A 100 square meter office was leased on Madison Avenue. feet, and $300,000 was deposited into a corporate checking account. It was part of the money that Michael made at Salomon Brothers.

"After 15 years, I had a billion dollar business."

The well-known investment bank Merrill Lynch became the first client of the company. 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 dollars paid by it under the agreement were very useful for the company.

Today, almost all financial companies that require such devices are equipped with Bloomberg Professional terminals. They have become in some way a corporate standard, like Bill Gates' Microsoft Windows in the operating system market.

After the Dow Jones canceled a contract that allowed Bloomberg's company to use The Wall Street Journal to distribute business information on its network, Michael had to build his own editorial team and look for people who could write.

“We don’t make films, we don’t do any kind of “entertainment” - we deliver accurate, specific information.

Bloomberg LP quickly settled into the financial analytics market. Her position on several fronts is unquestioned:

• Bloomberg Professional - supplies financial companies with expensive terminals;
• Bloomberg Television is a major television network dedicated to finance;
• own publishing house - his most famous projects: Bloomberg Press, Bloomberg Persona Finance and Bloomberg Markets;
• radio;
• information Agency;
• online resource bloomberg.com - the center of global financial analytics.

"Professional Service" is recognized as Michael Bloomberg's highest technological achievement. This computer network allows the use of exclusive business information by 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, being cut off from the Bloomberg information network due to a powerful earthquake, stopped its work.

“Bloomberg data on your desk is more than the productive equipment in your plant, it is a symbol of prosperity, it is a benchmark that allows you to follow the right course for maximum profit” (Kenneth B. Marlin, investment media bank Veronis Suhler & Associates).

Let Bloomberg LP not reach the most expensive companies in the world, but it is unconditionally recognized as the largest media holding in the world.

Politician Michael Bloomberg

The fact that he could become an excellent mayor, governor, or even president, Bloomberg said as early as 1997. And when the right moment came, and such appeared in 2001, when the mayor was to be replaced in the city, he did not miss it.

Backed by outgoing mayor-turned-national hero Rudy Giuliani, he swept Democrat Mark Green to win the election. He was always a Democrat, but then he suddenly became a Republican. Party membership was not important for his work, so in 2007 he easily declared himself independent. A techie manager, a strong business executive, solving city problems from the standpoint of common sense, became the mayor - the townspeople felt his firm hand very soon. The chief city officials were appointed solely on the basis of their abilities. The tough fight against crime brought the first results - the number of murders significantly decreased. He considered it inexpedient to save on education, and the States soon started talking about academic performance in New York schools as one of the best in the country. He tightened gun control. Initiated an extensive program to improve the environment. The city has become cleaner.

In November 2009, Bloomberg won the election for the third time and remained for a third term, however, for this it was necessary to amend the 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 owner of Rome itself?”

Michael Bloomberg remained mayor of New York until 2013.

26.11.2015 09:00

Bloomberg founder Michael Bloomberg manages to simultaneously manage a huge business and a multibillion-dollar fortune, engage in politics and philanthropy. And at the same time he maintains a blog, which we will look at today.

Michael Bloomberg has been incredibly successful both in business and in politics. By the age of 73, he had made a fortune of $ 41.1 billion and ranked 14th in the list of the richest people in the world according to Forbes. In the early 1980s, he created Bloomberg, which became one of the most important players in the financial analytics and news market. He served three terms as mayor of New York. Donates hundreds of millions of dollars to charity every year.

Bloomberg can rightly be counted among the self-made entrepreneurs.

His grandfather fled to America from the Russian Revolution. His father "reached the rank" only to the position of an accountant at a dairy plant, and Michael himself studied at an ordinary public American school. As a teenager, he began to earn extra money in a small company selling electronic equipment. Then he entered the university in Baltimore, and, after graduating from it, he entered the Harvard Business School.

After receiving a master's degree in business administration, he was able to get a job at Salomon Brothers & Hutzler, and after seven years he became a partner in this company. And although Michael later had to leave it, he already had a capital of $ 10 million, which he invested in his new business, which made his name known to the whole world.

Today Bloomberg is a huge media holding with about 10,000 employees. In early 2015, after another round of political career, Bloomberg again led his business empire. He recently replaced the editor-in-chief there and intends to achieve a new breakthrough in a seemingly already successful business.

Michael Bloomberg has probably been a blogger since 2008, when he started a Twitter account. True, it is difficult to say how much he personally participates in its conduct. But the entries on his LinkedIn page are made from the first (in every sense) person.

How to Become a Successful Entrepreneur: 5 Tips

14.08.2013

These tips come from my experience building a company from scratch, running New York City as mayor, and starting a charity.

1. Take risks. Life is too short to be wasted on avoiding failure. In 1981, at the age of 39, I was fired from my full-time job - the only one I had by that time and which I loved. But I didn’t allow myself to look back, and the very next day I took a chance and started my own company, based on a business idea that almost everyone seemed to be a failure.

I decided to make financial information available right on desktops. Let me remind you that there were no computers with a desktop yet.

In 2001, when I considered running for mayor, most people discouraged me. They were afraid that I would lose. But one said, "If you can imagine yourself giving a speech in which you admit defeat, then why not put forward your candidacy?" This was the best advice and I followed it.

If you want to succeed, you must first be prepared to fail. And you must have enough courage to walk this path anyway.

2. Create luck with your own hands. Luck is important, but the more you work, the luckier you will be. Whatever you do, even if it's not your dream job, work hard. Be the first to arrive at work in the morning and the last to leave. Hard work creates opportunities where your resume fails.

3. Be persistent. Perseverance always pays off. When I started my company, I went downtown and bought a few glasses of coffee. I came with them to Merrill Lynch - our target audience was there - and began to walk along the corridors. “Hi,” I said. - My name is Mike Bloomberg and I want to treat you to coffee. Can I talk to you?"

Even if people had no idea who I was or where I came from, they still took a glass. And I returned to the Merrill Lynch office day after day building relationships with potential clients. I studied the interests of the consumers of our product and thought about what would make sense to offer them. It was Merrill Lynch who, three years after the launch of Bloomberg, bought 20 terminals from us and became our first client.

4. Never stop learning. The most powerful word in English language- "why". There is nothing stronger than an inquisitive mind open to the new. Whatever area you choose for your new business, be an eternal student.

The world is full of people who have stopped learning and think they already know everything. No doubt you have met many of these along the way, and you will meet many more in the future.

Them favorite word- "No". They will give you a million reasons why something can't or shouldn't be done. But don't listen to them and don't become one of them. Not at all - if you want to reach your potential or change the world for the better.

5. Share what you have achieved. Ultimately, you are responsible for all successes and failures, but you will only succeed if you share your achievements with people. Ask yourself the question: "Am I making a difference in the lives of others for the better?"

My first donation was a $5 check to Johns Hopkins University shortly after I graduated. At that time I myself earned a little, but continued to support my alma mater. And although the amounts may be higher today, checks are written with the same spirit. You don't have to be rich to share your accomplishments. You can spend not money on this, but your time, skills and talents. Just strive to open doors for other people.

How to support innovation in your company

11.03.2014

"We believe in God. Everyone else is transmitting information." I have been guided by this philosophy throughout my career - both as an entrepreneur, and as the mayor of New York, and as a philanthropist. And this is the main reason why Fast Company (American business magazine - FP) recently named Bloomberg Philanthropies one of the most innovative companies in the world, second only to Google. We have been noted, as it is said, for "doing good deeds methodically."

We work with information to identify critical issues around the world, measure the effectiveness of our efforts to address them, and share good practices.

Fast Company… has also highlighted our innovative approach to smoking cessation, which saves millions of lives and serves good example how data can be used effectively. Before we act, we looked at the top 10 causes of death and found that smoking is responsible for 60% of the diseases on that list. We identified the countries with the worst situation, and after we made positive changes there - such as warnings about the dangers of tobacco on cigarette packs and the creation of non-smoking areas - we checked how much smoking prevalence had changed. Since 2007, we have helped pass 61 laws in 41 countries protecting 1.5 billion people from harmful effects tobacco...

Whether your organization is large or small, working with data is critical to drive innovation. A talented team and partnerships are also essential, but if you can't measure the impact of your efforts, you won't be able to manage them.

The person who helped me become who I am

3.08.2015

In life, we rarely meet people who can change the way we look at the world and decide what is most important to us. For me, that person was Billy Salomon. Humble, unpretentious, and uncompromising when it came to upholding the principles he believed in, Billy was the most ethical person I have ever met in my career. He died in December 2015 at the age of 100.

In 1966, right out of high school, I went for an interview at Salomon Brothers & Hutzler. Wandering around the office, I met a friendly guy who took a few minutes to chat with me.

I had no idea who it was. It turned out that it was William Salomon - the managing partner of the company in which I came to get a job.

Here are just a few of the lessons I learned from Billy during our friendship. They helped me become the businessman you know me to be.

There is no "I" in the team. At Salomon, we understood this from the very beginning. Instead of “I”, there was “we”: the interests of the company are in the first place, and customers are always more important than profit. Billy realized that trust is the most valuable asset, and if you sacrifice it to make quick money, you lose more than you gain.

Do business ethically or don't do it at all. The way we built customer relationships was an important part of our ethical code. For example, once Billy fired an employee for violating the ban on giving gifts ... And I'm sure he did not get any pleasure from this. But it was his name that was on the doors of the company, and he was determined to uphold the reputation of an honest man.

So he did, resigning the day after his 64th birthday - the company's mandatory retirement age. Was he ready to stop working? Probably no. Could he afford to make an exception for himself? Absolutely not.

Follow other people's examples. Anyone who worked for Billy knows he didn't lecture others. He taught others, showing them by his actions how to act. As a rule, in the morning he was the first to appear in the office. He was a good listener, but remained independent of the general opinion and made his own decisions ...

Integrity is more important than a track record. Salomon has always been a supporter of meritocracy - he believed that people have the right to occupy positions, regardless of their social origin and wealth. He didn't care what college you went to (and he didn't go to college at all, instead working and climbing the corporate ladder in the family firm). What's more, he was just as respectful of the guy who cleaned the toilets as he was of his older partners. More precisely, even more respectfully.

He understood people even better than finances. He did not teach anyone how to build a personal life, although he adhered to the highest principles in his own.

He didn't tell you what charity organisations worth supporting, although he made it clear that he expected generosity and participation in civil initiatives from everyone.

Working with Billy, I learned more about management than anyone else, and the company I started with three fellow Salomon guys was built on his lessons. And although Salomon Brothers no longer exists today, the rules that Billy laid down with his actions continue to live in those whom he inspired.

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This post, one of the last on Michael Bloomberg's LinkedIn page, has already been read by more than 110,000 people. With other topics of interest to one of the most successful businessmen world, you can see for yourself