Joyce Purnick > Quotes

“My mother and my father both, you know, the term would be, ‘suck it up and just get on with it’; ‘don’t let bad things that happen to you stop you’; ‘you’re in control of your life,’” recalls Bloomberg. That advice is one of his sharpest childhood memories.”
― Joyce Purnick, Mike Bloomberg: Money, Power, Politics

“Innovative Market Systems was no overnight success. Bloomberg began by investing about $300,000 and went to work with three recruits he had met at Salomon—Thomas Secunda, who specialized in analytics; Chuck Zegar, who created the software; and Duncan MacMillan, the expert in customer needs. All three are still at Bloomberg L.P., wealthy but unsung heroes of the Bloomberg saga.”
― Joyce Purnick, Mike Bloomberg: Money, Power, Politics

“In time Bloomberg could afford to buy back a third of Merrill’s stake and when Merrill fell on hard times in the crash of 2008, he bought back the remaining 20 percent. That gave him 92 percent of the company’s stock and set its value—at that moment—at about $20 billion.”
― Joyce Purnick, Mike Bloomberg: Money, Power, Politics