Bloomberg’s message to Bloomberg employees
Here is the note that Michael Bloomberg sent to employees of Bloomberg in the wake of the news that CEO Dan Doctoroff would be leaving and that Bloomberg would once again run his financial data and media company:
I’m sure by now you’ve read Dan’s note from last night and the media coverage of the transition. The results over the past seven years of his leadership speak for themselves. His decision to depart at year’s end is disappointing to me, but I fully understand and respect his choice. I’m glad that he has accepted a seat on the board of Bloomberg Philanthropies and know he’ll be a close friend and trusted adviser for years to come.
Unsurprisingly, the most frequent question I’ve gotten this morning is “how are things going to change?” The simple, honest answer is that they mostly won’t. Our core strategy remains the same. We’ll continue working hard to grow our market share, constantly make the terminal more valuable to clients, penetrate new markets and build the most influential news organization for global business.
At the end of the day, our company isn’t where it is today because of Dan, Peter or me. We’re the greatest company in the world because we have 16,000+ of the world’s greatest people. Stay focused, keep working hard, and I have absolutely no doubt that our best days are ahead.
One Bloomberg News staffer told Talking Biz News that there had been little discussion in the newsroom about the change.
Another employee complained that Doctoroff’s exit memo used a different, higher number for the company’s revenue last year than a lower revenue number used to calculate employee bonuses, particularly at a company that prides itself on accuracy and consistency in data.