When Michael Bloomberg was fired from his job at Salomon Brothers in 1981, he decided not to seek work at another investment bank. Instead, he created a tool that would make him indispensable to employees at all the investment banks: the Bloomberg Terminal, which would become the foundation of financial information and media company Bloomberg LP. I’m not a risk-taker,” his wife, Nancy, has said, regarding MacMillan’s decision to move to Bloomberg LP back when it was a startup. Bloomberg LP's flagship terminal, for which the company charges both a set-up and subscription fee, has become integral to financial firms. Bloomberg LP's annual revenues have grown more than 850% over the last two decades to reach over $9.5 billion in 2017.

Source: Forbes March 08, 2018 13:52 UTC