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Born Feb. 14 1942 |
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Middle Class Family |
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Spent time on weekends going to lectures at a
local museum |
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Spent summers working for a small electronics
company |
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Went to John Hopkins University |
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Acquired MBA from Harvard |
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1966 was hired by Salomon Brothers to work on
wall street |
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Became a partner at Salomon Brothers in 1972 |
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In 1981 the Phibro Corporation purchased Salomon
and Bloomberg was fired. |
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1984 Bloomberg starts selling terminals to
Merrill Lynch which provided real-time financial data |
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June 1988 the Bloomberg trading system launched |
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By November 1990 Bloomberg had installed 10,000
terminals around the world and launched Bloomberg News |
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1992 Bloomberg magazine came out and they also
acquired WNEW-AM radio |
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September 1992 Bloomberg had installed his
20,000 terminal |
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Bloomberg radio followed in January 1993 with
WBBR AM 1130 “The news that matters to you” |
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December 1993 Bloomberg Multimedia launched |
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Following in 1994 was Bloomberg TV |
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Business and financial news |
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24 hours a day |
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10 separate networks |
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7 different languages around the world |
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400 anchors and correspondents |
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17,200,000 U.S. households full time |
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80,400,000 part time through the USA Network |
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Employs 8,000 people |
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Takes in 2.5 billion dollars a year |
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“You’ve got to stop planning and start doing” |
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Believes that you have to be in all delivery
forms if you want to compete in the information media business |
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Get people to work together |
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Hires people who love what they’re doing and
want to do more of it |
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Bloomberg’s 3 reasons for success |
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Hard Work |
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Honesty |
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Teamwork |
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Notes