
Bloomberg LP founder Michael Bloomberg sent out the following to the staff on Tuesday:
Peter Grauer has decided to retire from Bloomberg after nearly 24 years of extraordinary leadership. When he shared this news with me, I felt both sadness and deep appreciation, sadness that we’ll lose his wise presence, and appreciation for everything he’s accomplished for our company.
When I left for City Hall in 2002, I knew I could count on Peter’s sound judgment, strong values, and unwavering commitment to our people. During those years, our company grew significantly while never losing sight of our core mission. He guided us with remarkable steadiness, clear vision, and genuine heart, leaving us stronger and exceptionally well-positioned for the future.
Perhaps most importantly, Peter dedicated himself to developing the next generation of leaders throughout our organization. In recent years, he’s served as a tireless global ambassador for Bloomberg and has become a cherished mentor and friend to so many of us.
Peter’s impact on this company, and on everyone who’s had the privilege of working alongside him, will endure for years to come. We’ll miss him deeply, but we’re profoundly grateful for all he’s done to shape Bloomberg and our culture.
Please join me in thanking Peter for his extraordinary friendship and service. His note to the company is below.
Mike
Grauer sent out the following:
After careful deliberation, I’ve decided to retire from Bloomberg.
When Mike asked me to join the company in 2002, I had no idea what an extraordinary journey lay ahead. Nearly 24 years later, I can say without hesitation that I’ve cherished every single day. I’m deeply grateful to Mike for this opportunity, and for the incredible company he entrusted me to lead. It’s been an absolute privilege to help guide Bloomberg through remarkable growth, continuing our streak of year-over-year revenue gains, tripling our workforce, and expanding into new markets around the world.
The people of Bloomberg have always been its heart – and the relationships we’ve built mean more to me than I can express. Since walking through these doors, I’ve been inspired by your commitment, ingenuity, and resilience. I witnessed it during the 2008 financial crisis, the 2011 Tokyo earthquake, and the pandemic, and I’ve seen it in your generosity – from building homes with Habitat for Humanity in my early days here to serving our clients across every corner of the globe. That spirit reflects the higher purpose that Mike instilled in Bloomberg from the start: bringing transparency to global markets and giving our profits to make the world a better place. It’s been the honor of a lifetime to help carry that mission forward.
I leave knowing Bloomberg is in exceptional hands, with Vlad and JP at the helm, and a leadership team fully equipped to take us into our next chapter. I’ll be here a little while longer and I hope to see many of you before I go. And while I may no longer be badging in each morning, I’ll always be cheering you on, as a friend, a supporter, and a lifelong believer in what Bloomberg can accomplish.
With deep gratitude,
Peter