About Bloomberg: In 1981 Bloomberg started out with one core belief: that bringing transparency to capital markets

through access to information could increase capital flows, produce economic growth and jobs, and significantly reduce the cost of doing business. Today¶s Bloomberg builds on that foundation - everything we do connects decision makers in business, finance and government to a broad and dynamic network of information, news, people and ideas that enables faster, more effective decisions. Come see how we do it. History: In 1981, Michael Bloomberg was fired from Salomon Brothers, where he was a general partner and given a $10 million severance package.[13] Using this money, Bloomberg went on to set up a company named Innovative Market Systems. In 1982, Merrill Lynch became the new company's first customer, installing 22 Market Master terminals and investing $30 million in the company. [14][15] [16] In 1986, the company was renamed Bloomberg L.P. and by 1988, 5000 terminals had been installed.[17] Within a few years, ancillary products including Bloomberg Tradebook (a trading platform), the Bloomberg Messaging Service, and the Bloomberg newswire were launched. In addition to its financial services offerings, Bloomberg launched its news services division in 1990. Bloomberg News (originally known as Bloomberg Business News) has over 2,000 employees and 145 bureaus around the world, producing more than 5,000 stories daily[18] and is available on the web at www.bloomberg.com. It now provides information to approximately 350 newspapers and magazines worldwide, including The Economist, The New York Times and USA Today.[19] In order to run for the position of Mayor of New York against Democrat Mark Green in 2001, Mike Bloomberg gave up his position of CEO at Bloomberg and appointed Lex Fenwick as CEO in his stead.[20] Daniel Doctoroff, former deputy mayor in the Bloomberg administration, now serves as president.[21] Peter Grauer is the chairman. In September 2007, the Equal Employment Opportunity Commission filed a class-action lawsuit on behalf of more than 80 female employees, who argue Bloomberg L.P. engaged in a pattern of discrimination against pregnant women who took maternity leave. [22] The suit alleges that 'Michael Bloomberg is responsible for the creation of the systemic, top-down culture of discrimination' at the company.[23] A Bloomberg L.P. spokeswoman said: 'We are confident that once all the facts come out they will demonstrate that the claims have no merit.'[24] Bloomberg News was the subject of an investigative feature by Vanity Fair in December 2008. [25] In 2009, Bloomberg acquired BusinessWeek, a consumer oriented business magazine and Web property, from McGraw-Hill;[26] and New Energy Finance, now called Bloomberg New Energy Finance, a data company focused on energy investment and carbon markets research based in the U.K.[27] The same year, The New York Times covered Bloomberg's growth and aspirations in a full-length media section feature.[28]

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