Michael Rubens "Mike" Bloomberg (born February 14, 1942), a Republican, is a prominent American businessman, the founder of Bloomberg L.P., and the current Mayor of the City of New York. Although a Republican in a largely socially liberal city, the Mayor has gained blocs of support from people of various political beliefs and causes.
Bloomberg was a general partner at Salomon Brothers, where he headed equity trading, sales and, later, systems development. He made his fortune with his own company, Bloomberg L.P., selling financial information terminals to Wall Street firms; the company also began a radio network (the flagship station is 1130 WBBR-AM in New York City).
Bloomberg is among the world's richest people. He was ranked no. 34 by Forbes magazine in its list of 400 Richest Americans in September 2004. He was ranked no. 94 in the Forbes List of the 500 Richest People in the World in March 2005.
His daughters by former wife, British-born Susan Brown, are Georgina Bloomberg (who has been featured on Born Rich, a documentary film about the children of the extremely wealthy) and Emma Bloomberg. His younger sister, Marjorie Tiven, is Commissioner of the New York City Commission for the United Nations, Consular Corps and Protocol. His mother, Charlotte Bloomberg, is still alive, in her nineties, and reported to be in good health. His current girlfriend is state banking superintendent, Diana Taylor.
He has written an autobiography, Bloomberg by Bloomberg (1997, ISBN 0471155454).
Bloomberg does not reside in Gracie Mansion, the official mayor's mansion, but at his own home elsewhere on the Upper East Side (79th Street between Madison and Fifth avenues). He maintains his home address in the white pages and is known to ride the subway to City Hall every morning, even during periods of heightened terrorist alert against the subway system.
Voting in the primary began on the morning of September 11. Later that day, however, because of the disruption caused by the attacks on the World Trade Center, the voting was canceled and the primary postponed. In the rescheduled primary, Bloomberg defeated Herman Badillo, a former Congressman, to become the Republican nominee. The Democratic primary did not produce a first-round winner. There was a runoff, in which the nomination went to New York City Public Advocate Mark J. Green.
In the general election, Bloomberg had Giuliani's endorsement. He also enjoyed a huge spending advantage. New York City's campaign finance law restricted the contributions a candidate could accept, but Bloomberg exercised his right to opt out of this law, though this also attracted some criticism. He spent some $73 million of his own money on his campaign, outspending Green by five to one. * One of the major themes of his campaign was that, with the city's economy suffering from the effects of the attacks, it needed a mayor with business experience.
In addition to being the Republican nominee, Bloomberg had the ballot line of the controversial Independence Party, in which "Social Therapy" leaders Fred Newman and Lenora Fulani exert strong influence. The latter proved to be important, as Bloomberg's votes on that line exceeded his margin of victory over Green. (Under New York's fusion rules, a candidate can run on more than one party's line and cumulate all the votes received on all lines. Green, the Democrat, also had the ballot line of the Working Families Party.) Bloomberg won by 50% to 48%. (See Election results for mayor of New York for complete totals.)
Bloomberg declined the mayor's salary, accepting remuneration of $1.00 annually. He is considered a liberal Republican, who is pro-choice, in favor of legalizing same-sex marriage and an advocate for stricter gun control laws.
On January 30, 2006, Bloomberg fired Edward Greenwood IX, employed as an assistant in the city's lobbying office in Albany, after finding him playing solitaire on a computer in his office. "The workplace is not an appropriate place for games," Bloomberg said. "It's a place where you've got to do the job that you're getting paid for." * (See also: Austin M. Allran and *.)
He supported extending the city's smoking ban to all commercial establishments, removing the last indoor public areas where one could smoke in the city: bars and nightclubs. The smoking ban took effect in March 2003 and is still being enforced as of 2006. Though it was predictably greeted with anger from some smokers, who claimed that businesses will lose revenue, there has been no data showing loss of income, and some businesses have reported increase in revenue. Other smokers used the opportunity to quit, and the city reported a spike in their free smoking-cessation program. In addition, Bloomberg's smoking ban is considered trend-setting, as across America and Europe and other regions of the world, smoking bans are now becoming standard.
Since 2003, Bloomberg has become increasingly assertive in demanding that federal homeland security funds be distributed to municipalities based on risk and population rather than any other measure.
Bloomberg has stated on numerous occasions that "No one in New York City needs to have a handgun". Bloomberg said, "I don't know why people carry guns. Guns kill people..." Republic, 8/13/03, http://www.freerepublic.com/focus/f-news/963687/posts. Gun rights activists and many human rights and civil rights leaders view his position as nothing more than establishment elitism.
Bloomberg had spent over $66 million on his campaign by late October 2005, and was projected to exceed the record of $74 million he spent on the previous election. He chose not to use public campaign funds and therefore his campaign was not subject to the restrictions imposed on candidates who accept such funding.
In late 2004 or early 2005, he gave the Independence Party $250,000 to fund a phone bank seeking to recruit volunteers for his re-election campaign. *
Former Bronx Borough President Fernando Ferrer won the Democratic nomination to oppose Bloomberg in the general election; there was no opposition in the Republican primary, as Bloomberg's campaign successfully sued to keep Thomas Ognibene off of the ballot. Ognibene, who ultimately ran on the Conservative Party ticket, accuses Bloomberg of betraying Republican Party ideals.
Bloomberg was the most prominent Republican to oppose the successful confirmation of John Roberts as Chief Justice of the United States. * Though a Republican, Bloomberg is a staunch supporter of abortion rights and did not believe that Roberts was committed to maintaining Roe v. Wade.
Besides Republican support, Bloomberg had obtained the endorsements of several prominent Democrats: former Mayor Ed Koch (who in recent years has supported many Republicans, including George W. Bush), former governor Hugh Carey, former City Council Speaker Peter Vallone, his son, Councilman Peter Vallone, Jr., former Congressman Floyd Flake (who had previously endorsed Bloomberg in 2001), and Brooklyn Borough President Marty Markowitz. *
Bloomberg's term as mayor ends on December 31, 2009. He is barred by term limits from running again. The election means that the Republicans have held onto the mayor's office for four consecutive elections, or 16 years. Bloomberg joins Rudy Giuliani and Fiorello LaGuardia as re-elected Republican mayors in this mostly Democratic city. (John Lindsay was also elected mayor of New York twice while a registered Republican; however, Lindsay did not receive the Republican Party nomination during his campaign for re-election, and he switched to the Democratic Party during his second term.)
One of Bloomberg's top aides, Kevin Sheekey, has indicated that Bloomberg is considering running for President in 2008 as an Independent or a Democrat.*
Bloomberg has pledged his support to the LGBT community to support marriage equality.
1942 births | Living people | American philanthropists | Businesspeople | Eagle Scouts | Forbes 400 | Forbes World's Richest People | Jewish-American politicians | Mass media owners | Mayors of New York City | Harvard University alumni | Johns Hopkins University alumni | Pro-choice politicians | 2008 Democratic National Convention
Michael Bloomberg | Michael Bloomberg | Michael Bloomberg | Michael Bloomberg | Michael Bloomberg | מייקל בלומברג | Michael Bloomberg | Michael Bloomberg | Michael Bloomberg | Michael Bloomberg | ֱכףלבונד, ּאיךכ ׀ףבוםס | Michael Bloomberg | מייק בלומבערג | ֵם²©
This article is licensed under the GNU Free Documentation License.
It uses material from the
"Michael Bloomberg".
Home Page • arts • business • computers • games • health • hospitals • home • kids & teens • news • physicians • recreation• reference • regional • science • shopping • society • sports • world