The 2007 IBM Global Public Sector Innovation Excellence Leadership Award
The IBM Global Public Sector Innovation Excellence Award honors exemplary organizations that take their place at the forefront of public sector innovation. They are making not just small improvements, but transformational, game-changing ones that will help change the world. They represent the value of collaboration, the significance of culture and are role models for all leaders. May they inspire us all to continue on and deepen our own innovation journeys.
Michael R. Bloomberg
Mayor, City of New York
Michael R. Bloomberg is the 108th Mayor of the City of New York. He was born on February 14, 1942 and raised in
Medford, Massachusetts, where his father was the bookkeeper 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.
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 endeavor that would revolutionize
the way that Wall Street does business. As a young trader, he had been amazed at the archaic nature in which information
was stored. 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, and the records system consisted of clerks penciling trades in oversize ledgers. So, he
created a financial information computer that would collect and analyze 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, Bloomberg LP has 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, he dedicated 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, has provided the motivation for much of his philanthropy.
He funded relief programs for victims of domestic violence in New York City, sponsored the Children's Health Fund's
Mobile Medical Unit which serves the children of homeless families, and supported construction of new athletic fields at
city high schools throughout the five boroughs. He also served on the boards of 20 different civic, cultural, educational and
medical institutions, including: the High School for Economics and Finance; Lincoln Center for the Performing Arts;
Metropolitan Museum of Art; Police & Fire Widows' & Children's Benefit Fund; S.L.E. (Lupus) Foundation and Prep for
The Nominating Committee for the 2007 IBM Global Public Sector Innovation Excellence Leadership Award:
President & CEO
Chief Information Officer
St. John's University
Vice President, Social Services
IBM Public Sector Global Business Services