The story of politician and billionaire Michael Bloomberg. Michael Bloomberg's success story Political and charitable activities

Education: Johns Hopkins University
Harvard Business School Autograph:

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 a computer information analysis system for traders, and subsequently opened an online service for trading stocks. Competitors hardly used computers in their work (the 80s were just beginning), and most of them had never even heard of computer networks. Bloomberg's success to date has been based on its perceived superiority in use over its competitors. 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. 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, 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, and unemployment reached a record low. 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.

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Notes

Links

• (English)
• - article in Lentapedia. year 2012.
• (English)

Before unification (1665 – 1897) After the merger (since 1898)

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 this terrible 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 position 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 screamed through the entryway, someone was shouting and singing on the street, cockroaches rustled on the table and icons, in the autumn a thick fly beat on his headboard and near the tallow candle, which had burned like a large mushroom and stood next to him.
His soul was not in a normal state. A healthy person usually thinks, feels and remembers simultaneously about a countless number of objects, but he 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 outside of material forces, outside of material external influences on a 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 former world of pure thought, but he could not, and delirium drew 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.

) - 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:

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 Diana Taylor Michael Rubens Bloomberg (February 14, 1942, Medford, a suburb of Boston, Massachusetts, USA) businessman and 108th (to date) mayor NY A. Biography... ...Wikipedia

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

Bloomberg M.R.- 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, 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 last name. Bloomberg, Gundega journalist. Bloomberg, Michael Reubens politician. Blumberg, Baruch American physician and scientist ... Wikipedia

Books

• Iron grip. How to develop the qualities necessary for success, Linda Kaplan Thaler, Robin Koval. The quote "True Grit" sounds a little old-fashioned, as if from the last century. But these days this quality is experiencing a rebirth. Why? Because, apparently, we are becoming...

Michael Bloomberg claims to have learned one very important thing about life. Life is complicated in such a way that every day a person faces dozens of chances. A large number of which will be small but amazing. Therefore, you need to manage to catch one, but such a unique chance that will lead to success. It seemed that these words were quite simple and understandable, but in order to say them, this man showed the whole world his superiority.

Michael Rubens Bloomberg is an outstanding politician, businessman, and billionaire of our time. Under his leadership, the largest analytical company Bloomberg LP was created in New York. 9,500 people work for the benefit of this “news machine”. the main objective companies - providing fresh, truthful, accurate news from the financial sector. The whole world is watching his skills. Financial professionals benefit from its knowledge, capabilities and technology every day. How did an ordinary guy from a simple family manage to build such an empire?

Childhood of a future businessman

This child was radically different from the others. Natural sciences were a real ocean for him, which opened up great horizons for the little boy. Michael loved to study:

• physics,
• history,
• literature.

These sciences brought extraordinary pleasure and excitement to the young talent.
Boy Scout summer camp helped the young man develop self-discipline. Here Rubens learned to live independently, since his parents visited their son only twice during the entire summer. Here the student mastered the features of collective thinking. It is worth noting that he paid for his accommodation on his own. The first money the future businessman earned came from selling Christmas decorations. A sense of independence, responsibility and independence were instilled in childhood.

The boy's family was middle class. His mother worked as a secretary, and his father was an accountant. To develop, this student attended not only school lessons, but also lectures at the Museum of Sciences. The billionaire says that at that time he already understood the full value of human knowledge. The main thing is to listen, hear, ask, check and think.

Who helped Michael Bloomberg set himself on the path to future success?

Michael Bloomberg said that during his student years he was not particularly thirsty for knowledge. Therefore, the most common mark was “3-satisfactory”. He was not a “gray mouse” among students for long. Last year While studying at Hopkins University, he devoted himself to working in student government. The student actively presented his persona in student elections. It was the walls of this university that helped the future businessman hone his organizational skills. Here Rubens received his bachelor's degree.

This student received his Master's degree in business administration from Harvard Business School. Here I had to master not only business sciences, but also develop my individuality.

Harvard forced the young man to defend his own opinion. Time was running out, but the young guy still didn’t know – where to go to work?! By an interesting coincidence, his friend Steve Fenster suggested that he go for an interview with big company Salomon Brothers. Business acumen, excellent knowledge, and simplicity helped the newcomer gain the trust of management. It was this company that became the center of his life. Here the future businessman spent maximum amount time. Michael Bloomberg learned to collaborate with new people. His activities were related to bonds. After just a year of hard work, he got a new job as a utility clerk. He had fifteen years of hard work ahead of him for Solomon Brothers. He was truly loved and appreciated.

How did Michael Bloomberg start his business?

In the early 1980s, Salomon Brothers went out of business. Bloomberg lost his job, but he still had the passion for starting his own business, as well as $10 million.
In order to create his financial empire, Bloomberg LP, he needed: an office, four friends with old job and money.

All three components helped him rent a small office and start working on his idea. Rubens “nurtured” his own brainchild for many years.

The idea was to create a unified financial information database. He wanted that, with the help of his programs, all financiers in the world would receive all the necessary information on the state of the financial market. Focus, ambition, and determination helped the aspiring businessman create a unique financial terminal that read and processed all the necessary financial information.

His career took off when his idea began to receive investment from the banking giant Merrill Lynch. Trial testing of the terminal was a success. His invention made a splash in the financial market. $30 million was the first money the bank decided to invest in his innovation.

“We needed a branded terminal to give us a technical and market advantage. We hired engineer Ron Harris to create it. We needed a central computer to store information - Chuck Zegar analyzed what would suit us best and wrote a special package of programs to create a database suitable for our purposes. We needed data - Duncan McMillan collected the data, classified it and entered it into a database. We needed calculations - Tom Secunda sat at the computer and created the necessary programs for this. We needed clients - 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 achieved success.”

The resounding success would not have been the same if it were not for his talent for communication. The timely grouping of the necessary minds in one matter became decisive for the billionaire. A real entrepreneur knows how to interest and motivate his partners.

Bloomberg's career isn't just about building a financial empire

The American businessman became famous throughout the world not only due to Bloomberg LP, but also because of his political activities. Michael Reubens Bloomberg is one of New York's most successful mayors.
The main directions of its activities:

1. Make government officials work for the people.
2. Control the crime rate in the city.
3. Improve the level of education at school.
4. Enable wellness program environment. Eliminate the use of transgenic fats in fast food production.
5. Organize coordinated work of public utilities.
6. Monitor the organization of parking spaces in New York.
7. Monitor the level of environmental friendliness of the city.
8. Fight unemployment.
9. Raise social norms population.

These and other goals were set during the Rubens government. New Yorkers believe this mayor could make an excellent US president. His political triumph began after he set his salary at $1. This step pleasantly surprised the townspeople. The billionaire took all the money for the election campaign from his own pocket.

Charity is everyone's business

Having a lot of money, world famous businessman Michael Bloomberg does not forget to share his funds with others. In 2013 alone, he managed to distribute more than $330 million to charitable foundations.
His charitable work in Jerusalem, which he dedicated to his father, requires special attention. His father's death occurred while Michael was receiving his bachelor's degree at the university. Therefore, now he is doing everything to ensure that people get a second chance to save their lives.

He is considered one of the most generous people on the planet. He rounds out the top five most popular philanthropists in the world. Bloomberg shares his wealth because he believes that his father would be happy with such an occupation for his son. Giving care to other people is the business of every person on Earth, and financial status does not play any role!

This man's charities are scattered all over the world. Therefore, the main vectors of their work are:

• fight against global warming,
• fight against smoking, drug addiction, alcoholism,
• improving health care in third world countries,
• improving the safety of Asian highways,
• fight against HIV,
• etc.

Bloomberg's personal secrets

1. The life path of a businessman was not always easy. The billionaire himself admitted this. He is convinced that it is easier to achieve career success on your own. You should not look for support in the hands of others. When he goes for his daily morning jog, Michael Bloomberg trusts all his secrets to only one person in the whole world. Globe. This person is himself.
2. Business consists of a number of patterns. One of them is that every business must be protected, if proper protection does not exist, then the business may not exist.
3. If a businessman wants to be the first, then he needs to develop a clear plan that will completely satisfy the client.
4. There is no need to spend a lot of time studying the details. You need to be confident in yourself.
5. There is no need to make too long-term plans.

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 activity: 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 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 age 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 - 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 at a dairy plant as 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:

1. 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.”

2. 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 as a national hero in the form 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.”

3. 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.”

4. 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

Behind the shoulders of a successful entrepreneur are two top educational institutions: 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, completed homework, but nothing more. Beyond the limits educational process I had no desire to go out. 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

To Salomon to the owners scientific degrees and those expelled for poor academic performance, the attitude was the same. 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 developed friendly relations with the company’s management. And this greatly contributed to his career growth.

By the end of the first year he was working as a clerk in the operating room of the public utilities department, and from there, a month later, he moved to the stock 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.”

This rhythm of working life did not at all prevent the young man from having fun, skiing, jogging and attending parties more often than anyone else, and meeting the girls he liked. For each part 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 the firm, which was considered one of the most successful on Wall Street. All the company's important clients 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 for a 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 contrary. 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

Having luggage in stock life values and ten million dollars, confident in his abilities, Michael 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 musical abilities to write songs.
3. Trade? Not interested.
4. 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 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 means can contribute to the prosperity of this area of ​​activity.”

He decided that his business would be based on collecting data on securities, allowing clients to first select what they consider to be the most important data, and then software, which 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.

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 Bill Gates' Microsoft Windows in the operating system market.

After Dow Jones ended a contract under which Bloomberg's company could use material from The Wall Street Journal to distribute 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 allows central banks around the world, as well as government agencies, corporations and investment companies, and news services to access exclusive business information in real time. 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.

And the owner of the Bloomberg news agency. Michael Bloomberg (Michael Bloomberg) -

early years

Bloomberg grew up in Medford, Massachusetts. His father, an emigrant from Poland, was an accountant, and his mother was a secretary.

He studied engineering at Johns Hopkins University (BS in 1964), paying his way through student loans and working as a parking attendant. He then graduated from Harvard Business School (M.A., 1966) and began working as an associate at Salomon Brothers.

“For myself, I realized that life works like this: every day offers us many, albeit small, but amazing chances. And sometimes you manage to catch that unique one that leads to success. Most of these chances, even if they have some value, allow 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 definitely 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 several 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 five-year plans and don't expect results from the Great Leap Forward. Central planning did not produce the expected results under the reign of Stalin or Mao and is unlikely to be useful for entrepreneurs. The guru's philosophy speaks of the need to scrupulously follow your plan, step by step towards your goal. They claim it brings results. But this is not my philosophy. It is impossible to predict the future. Continuous and dedicated work increases the chances of success. But there is no such thing here either: everything may ultimately depend on how the card falls. I have always believed that you need to be able to “wear multiple hats” and do it gracefully and wisely, and also take the best of what comes your way. Every significant step in mine and mine personally was more evolutionary than revolutionary: rather, they were small but sure steps than unexpected luck that fell on one’s head.”

“The value of planning cannot be denied; very often, long thoughts lead to brilliant solutions. But you can realize your plans if this is what you really want.

Then, whatever your idea is, you need to bring it to completion. This task is easier to solve if you like what you do. Since doing more always leads to great achievements, you, in turn, begin to have even more fun. And you want to do even more because your work is rewarded. And this can continue indefinitely. 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 do not love what they do for a living. They suffer at work, becoming unhappy, much less successful. Which, in turn, makes them hate their job more and more, which ultimately leads to professional burnout. Every day in this short period of life brings with it many amazing events that are worth meeting them with joy.”

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

He is known for his tough management style. The media loves stories about how he tyrannically treats workers, intimidates them and harms those who leave his firm.

While running his company, Bloomberg served on the boards of leading cultural institutions, including the Metropolitan Museum of Art, Lincoln Center for the Performing Arts, Central Park Conservancy and the Jewish Museum. He donated $100 million to Johns Hopkins University.

Know how to lose

“Even if you are a very determined person, know how to lose. If it becomes obvious that the idea is not producing the desired results over a certain period of time, then you need to grit your teeth, take a deep breath and end this struggle. Remember the main thing is that failure should never cause the collapse of your business” - from an interview with Michael Bloomberg for Times magazine.

The phrase is truly the most valuable. You must be able to soberly assess the situation. If your best idea doesn't work, then don't get hung up on it, think like a businessman, turn off your ego and feelings self-importance. All this will help you accept correct solution and continue the development of the company.

Michael Bloomberg - selected quotes

If you are going to work in public service, then I would advise you to first become a millionaire.

From time to time, having everything in my life - luck, fame, and recognition, I get a feeling of frustration and I want to start all over again.

If you are a selfish idealist, and the words “I” and “me” are a priority in your vocabulary, then I assure you that you will not achieve success.

I recognize only loyalty from my company. Everyone who is not with us automatically becomes against us.

As you develop, you become a moving target that is very difficult to hit. Once you stop developing, it is very easy for you to be destroyed.

People are best resource my company

None of my employees, including myself, have their own separate office.

God forbid someone leaves my company for competitors. I will make every effort to ensure that this person does not succeed.

In the process of developing your own business, you encounter many obstacles, perceiving them as a problem. In fact, that's how it is. You should always look for workarounds.

Bloomberg's book on Bloomberg - Michael Bloomberg

Michael Bloomberg - cult figure for many entrepreneurs. And not only because he is a bright personality, a billionaire, one of the richest people in the world, the mayor of New York, the creator and owner of the Bloomberg news agency, a leading provider of financial news around the world. For many, the name Bloomberg is synonymous with courage and an unconventional, albeit extremely balanced approach to business.

In his book, Michael Bloomberg talked about how he managed to achieve everything he achieved and described the story of his life and his company.

Cover of the iconic book about Bloomberg (Bloomberg)

Serving as mayor

Bloomberg has supported the Democratic Party all his life. But under tough conditions, he was unable to achieve his nomination as a candidate from this party for the post of mayor of New York and became a candidate from the Republican Party.

Bloomberg financed much of his campaign himself, spending more than $68 million of his personal wealth (his net worth at the time was reported to be approximately $4.5 billion).

Bloomberg's campaign themes focused on issues of great interest to New Yorkers: improvements in transportation and traffic, housing and education. But what helped him most was the endorsement of outgoing New York Mayor Rudolph Giuliani, whose leadership after the 9/11 attacks was widely praised.

On November 6, 2001, he won the election. He immediately spearheaded the city's redevelopment efforts, passed the city's unpopular smoking ban in indoor spaces, parks and beaches (the Smoke-Free Air Act of 2002), revitalized tourism, and turned the city down. The city's life expectancy has increased by 3 years during Bloomberg's tenure. He brought new methods to the city. In the public education system, he introduced increased standards and control over the success of schools.

He also raised his national profile, giving speeches across the country, and in 2007 quit the Republican Party, which had been widely rumored to be interested in running for U.S. office in 2008 as an independent candidate.

Instead, he announced in October 2008 that he would seek re-election as mayor if term limit laws were changed. A few weeks later, the New York City Council revised the law to allow three consecutive terms. In November 2009, Bloomberg was re-elected.

During his third term, Bloomberg undertook a controversial public health campaign, expanded a cigarette smoking ban, and tried to ban sugary drinks in large packages (the ban was invalidated in court in July 2013).

Bloomberg's last term came amid growing controversy over the New York Police Department's so-called "stop-and-frisk" practices, in which officers were allowed to detain, question and search suspects without probable cause. While many have criticized the practice as unfair to minorities, Bloomberg has defended it as a necessary crime prevention tool.

Bloomberg's success influenced the work of other major city mayors. Under his influence, a bipartisan coalition was created at the national level to combat illegal guns, immigration reform and improve urban infrastructure.

Completion of political activity

When Bloomberg's last term ended in 2013, he was succeeded by Bill de Blasio. After leaving office, Bloomberg returned to running his company, Bloomberg LP.

Bloomberg has been awarded numerous awards, including the 2009 Mary Woodard Lasker Award for Public Service.

Personal life

Bloomberg has two daughters - Emma and Georgina.

Sources and links

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britannica.com/EBchecked/topic/760202/Michael-Bloomberg - Michael Bloomberg - Encyclopædia Britannica

mikebloomberg.com - Personal website of M. Bloomberg (Bloomberg)

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