![]() ![]() He hired a team of computer programmers to begin developing an electronic information system that would grant users access to real-time securities market data via a desktop terminal. In March of 1982, Bloomberg sold off his Salomon Brothers stock and used the fresh capital to create Innovative Market Systems (IMS). It was while working for the securities trader that Bloomberg first saw the need among Wall Street firms for a more sophisticated method of gathering and analyzing information. Bloomberg also spearheaded efforts to create an in-house computerized financial system there. Bloomberg had worked in equity trading and sales for Salomon Brothers, where he eventually was named general partner. in October of 1981, he began to explore the idea of establishing his own business. When Harvard Business School graduate Michael Bloomberg was fired from Salomon Brothers Inc. Customers included the 250,000 financial professionals who leased Bloomberg terminals, 8 million radio listeners, 200 million television viewers, and 350 million newspaper and magazine readers. Along with selling real-time financial data to banks, investment firms, government agencies, and other institutions, the firm operates 79 news bureaus throughout the world, publishes magazines, produces radio and television shows, and manages one of the Inter-net's most frequently visited financial information sites, which averaged roughly 200 million page views is among the world's leading financial information, news, and media companies. ![]()
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