New York City Mayor Michael R Bloomberg



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Michael Bloomberg
Mayor of New York

18 April 2003: Michael R. Bloomberg became New York's 108th mayor on 1 January 2002. He was born on 14 February 1942 in Medford, Massachusetts, where his father was the book keeper at a local dairy. Mayor Bloomberg's thirst for information and fascination with technology was evident at an early age, and led him to Johns Hopkins University, where he parked cars and took out loans to finance his education. After his college graduation, he gained an MBA from Harvard and in the summer of 1966, he was hired by Salomon Brothers to work on Wall Street.

Latest profile of Mayor Michael Bloomberg

 He quickly advanced through the ranks and became a partner in 1972. Soon after, he was supervising all of Salomon's stock trading, sales and later, its information systems. He was fired in 1981 after another company acquired Salomon.

Michael Bloomberg used his stake from the Salomon sale to start his own company, an enterprise that would revolutionise the way Wall Street did business. As a young trader he had been amazed at the archaic nature of storing information. When he needed to see how a stock had been trading three weeks ago, he had to find a copy of the Wall Street Journal from the date in question. The records system consisted of clerks pencilling trades in oversize ledgers. He set about creating a financial information computer that would collect and analyse different combinations of past and present securities data and deliver it immediately to the user.

In 1982, Bloomberg L.P. sold 20 subscriptions to its service; 20 years later that figure had multiplied to over 165,000 subscribers worldwide. As the business proved its viability, the company branched out and in 1990 Bloomberg LP entered the media business, launching a news service, and then radio, television, Internet, and publishing operations.

Nearly 20 years after its founding, Bloomberg LP now employs more than 8,000 people -- including 2,500 in New York City -- in more than 100 offices worldwide. As the company enjoyed tremendous growth, Mr Bloomberg devoted more of his time and energy to philanthropy and civic affairs. His desire to improve education, advance medical research and increase access to the arts.

On 2 November 2005, Michael Bloomberg was re-elected Mayor of New York City.
Who are the world’s most outstanding mayors? If you know of mayors who have the vision, passion and skills to make their cities amazing places to live in, work in and visit nominate him or her now for World Mayor 2007.


Introducing
World Mayor 2007
The World Mayor project, organised by City Mayors, is now in its fourth year. As in 2004, 2005 and 2006 this year’s World Mayor will again be seeking out mayors who have the vision, passion and skills to make their cities amazing places to live in, work in and visit.



The World Mayor Project aims to show what outstanding mayors can achieve as well as raise their profiles nationally and internationally. It honours those who have served their communities selflessly and courageously and who have made significant contributions to the well-being of cities. The most outstanding mayor of 2007 will be presented with the World Mayor Award.



You are now invited to nominate mayors who you think should be among the 50 finalists of the 2007 contest.



Previous winners
and runner-ups
In 2006
Winner: John So, Lord Mayor of Melbourne (Australia)
Runner-up: Job Cohen, Mayor of Amsterdam (Netherlands)
In 2005:
Winner: Dora Bakoyannis, Mayor of Athens (Greece)
Runner-up: Hazel McCallion, Mayor of Mississauga (Canada)
In 2004:
Winner: Edi Rama, Mayor of Tirana (Albania)
Runner-up: Andres Manuel Lopez Obrador, Mayor of Mexico City (Mexico)

Previous winners are not eligible in 2007.