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SPARK OF THE CORPORATE

I know how to make decisions and stand up to the criticism every day...

He is the man who served as the 108th Mayor of the New York City for three consecutive terms from the time he was first elected in 2001 and he is none other than Michael Rubens Bloomberg who was born in the year 1942, is a very well known American Business man, a politician as well as a philanthropist. He is known to have assets worth $31 billion and is the 7th richest person in The United States of America. He stands in thirteenth position of the wealthiest in the World.

The life of Michael Bloomberg can be termed as an inspiring journey with ups and downs, but he is a man who enjoys both success as well as philanthropy.

A Masters Degree holder in Business Administration, he joined and became a partner with Salomon Brothers after his education and later went ahead to start his own company – a firm which made a revolutionary change in the distribution of financial information. This made him a millionaire.

Bloomberg was always mentioned to be an ideal and a possible candidate for the United States presidential elections of 2008 and 2012, but he declined to seek either of them and continued to serve as the Mayor of the New York City.

Early Days and Education

Michael Rubens Bloomberg was born in the year 1942 on February 14. He was born in Boston, Massachusetts. Bloomberg was born in the St. Elizabeth’s hospital which is located in the neighbourhood of Boston. He hails from a Jewish Family, and his father William Henry Bloomberg runs a real estate agent and his mother Charlotte Rubens Bloomberg, is a native of Jersey City. He was said to be a very stubborn child in his childhood days.

He was the son of the book-keeper; he completed his education from Johns Hopkins University and the Harvard University. He earned a degree in Master of Business Administration in year 1966.

The family used to live in Allston till Bloomberg was two years old. They later moved to Brookline and finally settled in Medford. Bloomberg is also known to be an Eagle Scout. He also completed is graduation in the year 1964 in Electrical Engineering and he also attained a degree in Business Administration from the Harvard School of Business. Michael Bloomberg was known to be an excellent student and a very avid reader. Some of the books which he enjoys to read in his early days were about revolutionary war heroes which were both real and fictional.

The Spark

It was in the year 1973 that Bloomberg became as the general partner at the Salomon Brothers, which is a bulge-bracket Wall Street investment bank. Bloomberg headed the equity trading initially and later headed the systems development. After Salomon Brothers was bought in 1981, Bloomberg was laid off from the job and was given a severance package of $10 million. These funds were used by him to start up his own firm by the name Innovative Market Systems. He also co-founded Bloomberg LP in the year 1981 and also served as its Chief Executive officer as well as its President. He also serves as the Ex Officio Member of the Board of Directors of the Lincoln Center for Performing Arts along with serving as a Chairman for National September 11 Memorial and Museum which is located at the World Trade Center Foundation. He also served as the Honorary Chairman as well as the Director of the NYC and Company Inc.

Bloomberg also served on various boards of 20 different cultural, civic, educational as well as medical institutions which also includes the High School for Economics and Finance.

His Journey with Bloomberg Philanthropies

Bloomberg Philanthropies was founded by Michael Bloomberg with its headquarters in New York City. Bloomberg Philanthropies is known to be the 18th largest foundation in the United States of America and they focus across five areas namely public health, environment, arts and government innovation as well as education. Michael Bloomberg is known to have taken a pledge to donate most of his wealth which is currently estimated to be $27 billion towards Bloomberg Philanthropies. The current CEO and the Chairwoman for Bloomberg Philanthropies is Patti Harris.

Bloomberg Philanthropies was founded by Michael Bloomberg with its headquarters in New York City. Bloomberg Philanthropies is known to be the 18th largest foundation in the United States of America and they focus across five areas namely public health, environment, arts and government innovation as well as education. Michael Bloomberg is known to have taken a pledge to donate most of his wealth which is currently estimated to be $27 billion towards Bloomberg Philanthropies. The current CEO and the Chairwoman for Bloomberg Philanthropies is Patti Harris.

Family

Michael Bloomberg married Susan Brown, a Yorkshire born girl in the year 1975. They had two daughters by the names Emma, who was born in the year 1979 and Georgina, born in the year 1983. Both his daughters were also featured in a documentary named Born Rich which was about the kids who are born wealthy. Bloomberg separated with his wife, Brown in the year 1993 but still stated that she would remain his best friend. From the year 2010, Bloomberg was reported to be staying with Diana Taylor, who was a former New York State Banking Superintendent.

Professional Affiliations
Bloomberg L.P.
NYC & Company, Inc.
Harvard Business School
Johns Hopkins University
Lincoln Centre for the Performing Arts, Inc.
Carnegie Hall Corporation
Brooklyn Academy of Music Inc.
Alliance for Downtown New York Inc.
National September 11 Memorial & Museum at the World Trade Centre Foundation, Inc.
Awards and Accolades
Michael Bloomberg was received an honorary degree in Public Service from the University of Tufts.
Received an Honorary degree of Doctor of Human Letters from Bard College.
He received an "Award for Distinguished Leadership in Global Capital Markets" from the Yale School of Management in February 2003.
Bloomberg was also named as the World's 39th most influential person in the year 2007 and 2008.
Vanity Fair too ranked Michael Bloomberg with the rank 7 in October 2010.
He was also awarded with an honorary doctorate of laws in May 2008, from the University of Pennsylvania.
Mr. Bloomberg was also awarded with a Tribute award at the Gotham Awards in 2007.
He received The Hundred Year Association of New York's Gold Medal "in recognition of outstanding contributions to the City of New York" on November 19th, 2008.
He was also awarded with honorary doctorate from Fordham University in the year 2009.
He received the U.S. Senator John Heinz Award for Greatest Public Service by an Elected or Appointed Official, an award given out annually by Jefferson Awards in the year 2010.
He was also chosen as inaugural laureate of the Genesis Prize.

Quotes

  And because no matter who you are, if you believe in yourself and your dream, New York will always be the place for you.
  I know how to make decisions and stand up to the criticism every day.
  Every one of my positions cuts - out half the country. I'm pro-choice, I'm pro-gay rights, I'm pro-immigration, I'm against guns, I believe in Darwin.
  No place epitomizes the American experience and the American spirit more than New York City..
  I am what I am and, you know, I'm a very lucky guy.
  I think if you look at people, whether in business or government, who haven't had any moral compass, who've just changed to say whatever they thought the popular thing was, in the end they're losers.
  The politics of partisanship and the resulting inaction and excuses have paralyzed decision-making, primarily at the federal level, and the big issues of the day are not being addressed, leaving our future in jeopardy.
  It's no fun to protest on an empty stomach..
  Nobody is going to delegate a lot of power to a secretary that they can't control..
  I don't believe that government is good at picking technology, particularly technology that is changing. By the time you get it done and go through democracy, it's so outdated..
  And I think the more money you put in people's hands, the more they will spend. And if they don't spend it, they invest it. And investing it is another way of creating jobs. It puts money into mutual funds or other kinds of banks that can go out and make loans, and we need to do that..

Hope viewers caught up the spark…

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