Premium Essay

Bloomberg

In: Business and Management

Submitted By makirby
Words 2320
Pages 10
Webster University

Michael A. Kirby

MNGT 5000 OB S1 2014 Management

Spring I Term Paper

Date

February 27, 2014

Introduction:
Bloomberg L.P. is a privately-held financial software, media, and data company. Bloomberg L.P. comprises approximately one third of the $16 billion global financial data market with estimated revenues of $6.9 billion (Shetty, n.p.). Bloomberg L.P. was founded by Michael Bloomberg with the assistance of Thomas Secunda, Duncan MacMillan, and Charles Zegar--with a 30% ownership stake put off by Merrill Lynch--in 1981 (Shetty,n.p.). The company provides financial software tools, such as analytics and an equity trading platform, data services and news to financial companies and organizations around the world through Bloomberg Professional Services--its core revenue-generating service. Bloomberg L.P. has grown to include a global news service, including radio, television, the internet and print publications (Shetty, n.p.). Its CEO during its formative years was Michael Bloomberg who exhibited an generally autocratic style of management.
D.L. Rogers Corp. is a company based in Bedford, Texas whose primary business consists of owning 54 franchises of Sonic Corp.--the drive-in restaurants that are common in the U.S. Southeast. At Sonic's eateries--which accounted for $44 million in revenues for D.L. Rogers in 2012 — carhops rollerskate out to serve customers through car windows (Ballon, n.p.). Its president and CEO is Jack Hartnett who also has an autocratic management style but is more involved in the lives of his employees than is Bloomberg.

Summary of the two management Styles of Bloomberg and Harnett: In “What Should You Say When an Employee Quits,” Michael Hopkins interviews Michael Bloomberg about his management style at his organization....

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