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Michael Bloomberg
Michael Rubens Bloomberg (born February 14, 1942) is an American businessman and politician. He is the majority owner and co-founder of Bloomberg L.P., and was its CEO from 1981 to 2001 and again from 2014 to 2023. He served as the 108th mayor of New York City for three terms, from 2002 to 2013, and was a candidate for the 2020 Democratic presidential primaries, 2020 Democratic nomination for president of the United States. Bloomberg grew up in Medford, Massachusetts, and graduated from Johns Hopkins University, Johns Hopkins University, in Baltimore, Maryland, and Harvard Business School in Boston, Massachusetts. He began his career at the securities brokerage firm Salomon Brothers before forming his own company in 1981. That company, Bloomberg L.P., is a financial information, software and media firm that is known for its Bloomberg Terminal. Bloomberg spent the next twenty years as its chairman and CEO. According to ''Forbes'', as of May 2025, Bloomberg's estimated net worth ...
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Defense Innovation Board
The Defense Innovation Board is an advisory board set up in August 2016 to provide "independent recommendations to the United States United States Secretary of Defense, Secretary of Defense and other senior DoD leaders on emerging technologies and innovative approaches that DoD should adopt to ensure U.S. technological and military dominance". The board's members include experts from private companies, research institutions, and academia. It is governed by the Federal Advisory Committee Act. The board's goals have been variously described as bringing the technological innovation and best practices of Silicon Valley, including in technology, workforce, and organizational structure, to the United States Department of Defense, Department of Defense. The Board has three subcommittees: Science & Technology; Workforce, Behavior, and Culture; and Space Advisory Committee. Its areas of interest include AI, software, data, digital modernization, and human capital. Meetings are set by th ...
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Master Of Business Administration
A Master of Business Administration (MBA) is a professional degree focused on business administration. The core courses in an MBA program cover various areas of business administration; elective courses may allow further study in a particular area but an MBA is normally intended to be a general program. It originated in the United States in the early 20th century when the country industrialized and companies sought scientific management. MBA programs in the United States typically require completing about forty to sixty semester credit hours, much higher than the thirty semester credit hours typically required for other US master's degrees that cover some of the same material. The UK-based Association of MBAs accreditation requires "the equivalent of at least 1,800 hours of learning effort", equivalent to 45 US semester credit hours or 90 European ECTS credits, the same as a standard UK master's degree. Accreditation bodies for business schools and MBA programs ensure cons ...
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2001 New York City Mayoral Election
The New York City mayoral election of 2001 was held on November 6, 2001. Incumbent Republican mayor Rudy Giuliani could not run again due to term limits. As Democrats outnumbered Republicans by a five-to-one margin in the city, it was widely believed that a Democrat would succeed him in City Hall. Businessman Michael Bloomberg, a life-long Democrat, changed his party affiliation, and ran as a Republican. Mark Green narrowly defeated Fernando Ferrer in the Democratic primary, surviving a negative contest that divided the party and consumed the vast majority of the Green campaign's financial resources. After a campaign that was largely overshadowed by the 9/11 terrorist attacks, Bloomberg won the general election with 50.3% of the vote, to Green's 47.9%. Democrats flipped the boroughs of Manhattan and Brooklyn from the previous election. Background The primaries originally began on September 11. However, the September 11 attacks caused the primary to be postponed until Sept ...
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List Of Mayors Of New York City
The mayor of New York City is the chief executive of the Government of New York City, as stipulated by New York City's charter. The current officeholder, the 110th in the sequence of regular mayors, is Eric Adams, a member of the Democratic Party. During the Dutch colonial period from 1624 to 1664, New Amsterdam was governed by the Director of New Netherland. Following the 1664 creation of the British Province of New York, newly renamed New York City was run by the British military governor, Richard Nicolls. The office of Mayor of New York City was established in 1665. Holders were appointed by colonial governors, beginning with Thomas Willett. The position remained appointed until 1777. That year, during the American Revolution, a Council of Appointment was formed by the State of New York. In 1821 the New York City Council – then known as the Common Council – began appointing mayors. Since 1834, mayors have been elected by direct popular vote. The city included ...
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Party Switching In The United States
In politics of the United States, party switching is any change in Political party, party affiliation of a partisan public figure, usually one who holds an elected office. Use of the term "party switch" can also connote a transfer of holding power in an elected governmental body from one party to another. History 19th century The first two major parties in the United States were the Federalist Party and the Democratic-Republican Party. The Federalists experienced success in the 1790s but lost power in the 1800 United States elections, 1800 elections and collapsed after the War of 1812. Many former Federalists, including John Quincy Adams, became members of the Democratic-Republican Party. After the 1824 United States presidential election, 1824 presidential election, the Democratic-Republicans fractured between supporters of Adams and supporters of Andrew Jackson. Jackson's followers formed the Democratic Party, while those who supported Adams formed the National Republican Par ...
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The Giving Pledge
The Giving Pledge is a charitable campaign, founded by Bill Gates and Warren Buffett, to encourage wealthy people to contribute a majority (i.e. more than 50%) of their wealth to philanthropic causes. , the pledge has had 236 signatories from 28 countries. Most of the signatories of the pledge are billionaires, at a total of US$600 billion. Description The organization's stated goal is to inspire the wealthy people of the world to give at least half of their net worth to philanthropy, either during their lifetime or upon their death. The pledge is a public gesture of an intention to give, not a legal contract. On the Giving Pledge's website, each individual or couple writes a letter explaining why they chose to give. History In June 2010, the Giving Pledge campaign was formally announced and Bill Gates, Melinda French Gates, and Warren Buffett began recruiting members. As of August 2010, the aggregate wealth of the first 40 pledgers was $125 billion. As of April 2011, 69 billi ...
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Forbes
''Forbes'' () is an American business magazine founded by B. C. Forbes in 1917. It has been owned by the Hong Kong–based investment group Integrated Whale Media Investments since 2014. Its chairman and editor-in-chief is Steve Forbes. The company is headquartered in Jersey City, New Jersey. Sherry Phillips is the current CEO of Forbes as of January 1, 2025. Published eight times per year, ''Forbes'' feature articles on finance, industry, investing, and marketing topics. It also reports on related subjects such as technology, communications, science, politics, and law. It has an international edition in Asia as well as editions produced under license in 27 countries and regions worldwide. The magazine is known for its lists and rankings, including its lists of the richest Americans (the Forbes 400, ''Forbes'' 400), of 30 notable people under the age of 30 (the Forbes 30 Under 30, ''Forbes'' 30 under 30), of America's wealthiest celebrities, of the world's top companies (the Fo ...
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Bloomberg Terminal
The Bloomberg Terminal is a computer software system provided by the financial data vendor Bloomberg L.P. that enables professionals in the financial service sector and other industries to access Bloomberg Professional Services through which users can monitor and analyze real-time financial market data and place trades on the electronic trading platform. It was developed by employees working for businessman Michael Bloomberg. The system also provides news, price quotes, and messaging across its proprietary secure network. It is well known among the financial community for its black interface, which has become a recognizable trait of the service. The first version of the terminal was released in December 1982. Most large financial firms have subscriptions to Bloomberg Professional Services. Many exchanges charge their own additional fees for access to real time price feeds across the terminal. The same applies to various news organizations. All Bloomberg Terminals are leased in ...
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Salomon Brothers
Salomon Brothers, Inc., was an American multinational bulge bracket investment bank headquartered in New York City. It was one of the five List of investment banks, largest investment banking enterprises in the United States and a very profitable firm on Wall Street during the 1980s and 1990s. Its CEO and chairman at that time, John Gutfreund, was nicknamed "the King of Wall Street". Salomon Brothers served many of the largest corporations in America. It was a leading underwriter of corporate bonds and one of the top firms in futures and options (known as "derivatives") and in securitization in a range of asset classes including commercial real estate securities. The bank was famed for its "cutthroat corporate culture that rewarded risk-taking with massive bonuses, punishing poor results with a swift boot." In Michael Lewis' 1989 book ''Liar's Poker'', the insider descriptions of life at Salomon gave way to the popular view of banking in the 1980s and 1990s as a money-focused an ...
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Harvard Business School
Harvard Business School (HBS) is the graduate school, graduate business school of Harvard University, a Private university, private Ivy League research university. Located in Allston, Massachusetts, HBS owns Harvard Business Publishing, which publishes business books, leadership articles, Case method, case studies, and ''Harvard Business Review'', a monthly academic business magazine. It is also home to the Baker Library/Bloomberg Center, the school's primary library. Harvard Business School is one of six List of Ivy League business schools, Ivy League business schools. History The school was established in 1908. Initially established by the humanities faculty, it received independent status in 1910, and became a separate administrative unit in 1913. The first dean was historian Edwin Francis Gay (1867–1946). Yogev (2001) explains the original concept: :This school of business and public administration was originally conceived as a school for diplomacy and government servi ...
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Medford, Massachusetts
Medford is a city in Middlesex County, Massachusetts, United States. At the time of the 2020 United States census, Medford's population was 59,659. It is home to Tufts University, which has its campus on both sides of the Medford and Somerville border. History Indigenous history Native Americans inhabited the area that would become Medford for thousands of years prior to European colonization of the Americas. At the time of European contact and exploration, Medford was the winter home of the Naumkeag people, who farmed corn and created fishing weirs at multiple sites along the Mystic River. Naumkeag sachem Nanepashemet was killed and buried at his fortification in present-day Medford during a war with the Tarrantines in 1619. The contact period introduced several European infectious diseases which would decimate native populations in virgin soil epidemics, including a smallpox epidemic which in 1633 killed Nanepashemet's sons, sachems Montowompate and Wonohaquaham. ...
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President Of The United States
The president of the United States (POTUS) is the head of state and head of government of the United States. The president directs the Federal government of the United States#Executive branch, executive branch of the Federal government of the United States, federal government and is the Powers of the president of the United States#Commander-in-chief, commander-in-chief of the United States Armed Forces. The power of the presidency has grown since the first president, George Washington, took office in 1789. While presidential power has ebbed and flowed over time, the presidency has played an increasing role in American political life since the beginning of the 20th century, carrying over into the 21st century with some expansions during the presidencies of Presidency of Franklin D. Roosevelt, Franklin D. Roosevelt and Presidency of George W. Bush, George W. Bush. In modern times, the president is one of the world's most powerful political figures and the leader of the world's ...
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