The Bloomberg

Michael Bloomberg's company, Bloomberg LP, is a prodigious success and just keeps getting stronger. Bloomberg is also the twice elected mayor of New York City, a job that he holds today. Now with his second term as mayor due to end in early 2010, the question is what Mayor Mike will do next. On...

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Bibliographic Details
Published in:Fortune 2007-04, Vol.155 (7), p.60
Main Author: Loomis, Carol J
Format: Magazinearticle
Language:English
Subjects:
Bloomberg, Michael
Corporate profiles
Corporate profits
Customer services
Information industry
Keyboards
Mayors
Personal profiles
Private equity
Online Access:Get full text
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Summary:Michael Bloomberg's company, Bloomberg LP, is a prodigious success and just keeps getting stronger. Bloomberg is also the twice elected mayor of New York City, a job that he holds today. Now with his second term as mayor due to end in early 2010, the question is what Mayor Mike will do next. One sure answer is philanthropy. But speculation has grown about another possible career path: a run for the presidency. Bloomberg LP stands as a monument to the founder's creativity and drive. Bloomberg LP is a private business, nearly 68% owned by Mike. It is a Wall Street juggernaut that has pummeled competitors and changed the way financial information is provided to customers. The secret: a sharp focus on delivering an ever-improving product and backing it up with unremitting attention to customer service. The company has also been a mother lode for Mike. It gave him the wealth to run for mayor, would let him single-handedly fund a campaign for President if he chooses to run, and will pave his road to large-scale philanthropy.
ISSN:0015-8259