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Posts Tagged ‘Dan Doctoroff’

Deirdre Bigley Named Bloomberg LP Global Chief Marketing Officer

bloomberg media logoDeirdre Bigley has been named Bloomberg LP’s global chief marketing officer. Bigley has been with Bloomberg since 2009, when she joined as head of global marketing communications. Prior to joining Bloomberg, she worked for IBM for 13 years.

Bigley is succeeding Maureen McGuire, who will continue working part-time at Bloomberg. ““Maureen and I created Bloomberg’s corporate marketing business from the ground up, and I’m thrilled to build on that success,” said Bigley, in a statement.

Bigley will report to Bloomberg’s CEO and president, Dan Doctoroff.

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Bloomberg News Review Prompts Standards Editor and Ombudsman Hire

After it was revealed that Bloomberg News staffers had used their terminals to spy on Goldman Sachs workersMatthew Winkler, editor-in-chief of Bloomberg News, said the “error was inexcusable” and promised swift changes. That process has now started.

In a review of Bloomberg News’ operations, Clark Hoyt — the former New York Times public editor — suggested the company hire a standards editor and an ombudsman. Bloomberg News is complying with Hoyt’s recommendations. In a letter, Bloomberg’s president, Dan Doctoroffexplained:

We will appoint an Independent Senior Editor to serve as an independent avenue of appeal for issues and complaints around news coverage. This new position will assist in the ongoing development of best ethics practices and training on them. This individual will report to Bloomberg’s Chief Content Officer within the Office of the Chief Executive rather than the news organization.

We will establish a newsroom Standards Editor with the responsibility for making sure that News consistently adheres to The Bloomberg Way’s high standards for accuracy, rigor in reporting, balance and tone.

Rough Times at Bloomberg LP

Sales of Bloomberg LP’s terminals have hit a slump. According to The New York Post, the company has only sold 1,000 of them so far this year. A big chunk of Bloomberg employee bonuses depends on how well the company does overall, so the news that things have been slightly slow lately is bound to upset some staffers.

Bloomberg CEO and president Dan Doctoroff told the Post that the “Cert” — the portion of bonuses derived from company performance — would only “pay out at 20 percent of target this year.” And while yes, that’s sad news, that’s the point of the Cert. “We also do believe very strongly that we benefit when we beat expectations, and we all take something of a hit when we don’t,” explained Doctoroff.

Bloomberg is still raking in a lot of cash — revenue is expected to be around the $7 billion range — so things could be a lot worse.

Bloomberg LP’s $7.6 Billion Doesn’t Include Staffer Bonuses

Bloomberg LP raked in $7.6 billion in revenue last year. According to the New York Post, that was a 10.5 percent jump, up $720 million from 2010. While that’s not Bill Gates money — hell, it’s not even Twix money — it’s certainly a lot. But according to an internal memo at the company it’s nowhere near estimates, so staffers are getting smaller bonuses.

Apparently employee pay perks are tied to Bloomberg Terminal sales, and they fell short. The company had hoped to install 15,000 ancillary units last year, but were only able to add 13,672.

“Although we fell short of our targets, all of us can be proud of our strong year-over-year performance and the progress we were able to make across our businesses — especially considering the difficult environment for our largest terminal customers,” read the memo from Chairman Peter Grauer and CEO Dan Doctoroff.

Yeah, that should make them all feel better.

Vanity Fair Releases its Annual New Establishment List

Vanity Fair has an updated New Establishment list debuting in today’s October issue, so we thought we’d share some of it with you. Once again, Mark Zuckerberg grabs the top spot in a gathering of 50 “buccaneering visionaries, engineering prodigies, and entrepreneurs.”

The New Establishment showcases the best and brightest innovators in the world, or as Graydon Carter describes it, “The Age of Information gives way to a burgeoning Age of Technology.” So no, the guy who invented the Ninja Blender isn’t on it, but there are plenty of others who deserve the recognition.

Here are a few locals who made the cut:

And here’s a bonus for you. After the jump you can check out the top five from Vanity Fair’s newest list, The Powers That Be. This list focuses on the people that shape our world. Again, the Ninja Blender guy failed to make it. Sorry.

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Bloomberg LP Acquires BNA for $990 Million

Bloomberg LP just announced that it will be acquiring the Bureau of National Affairs (BNA), a news service publisher that covers labor law, employee benefits, litigation items, tax information, and much more, for $990 million. As part of the deal, BNA would become a stand alone subsidiary of Bloomberg.

The acquisition means good things for Bloomberg’s audience. “BNA’s employees have built a superior franchise and we are enthusiastic about a Bloomberg-BNA combination that will deliver more premium content to our professional audiences,” explained Dan Doctoroff, CEO and President of Bloomberg. “BNA research and analysis will make Bloomberg’s products even more valuable, and BNA would benefit from our data and technology expertise.”

The transaction is expected to close this year.

Bloomberg LP Taps Richard Powell To Head Up Communications

Bloomberg L.P. is seeking to expand their communications strategy across the globe and have decided that Richard Powell is the man to lead the way.  The company announced today that Powell has come aboard as chief communications officer and will handle domestic and international affairs in both new and existing markets.  Powell will work under Bloomberg L.P.’s head of government relations and public affairs Kevin Sheekey.

Bloomberg L.P. president Dan Doctoroff believes Powell’s background equips him well for his new position:

We look forward to Rick joining at a time when Bloomberg is being more ambitious than ever.  In just the past two years, we have started eight new businesses which allow us to reach new audiences like never before. Rick’s track record of managing complex and global issues will give a big boost to our ability to reach those audiences.

Powell most recently served as COO of Burson-Marsteller since 2007 and was managing director of Washington area public affairs firm Quinn, Gillespie & Associates since 2001.

Bloomberg LP Expects $7 Billion In Revenue

According to Keith Kelly of The New York Post, Michael Bloomberg’s giant company, Bloomberg LP, is expecting to rake in revenue of almost $7 billion by the end of the year. This is a jump of 12.6 percent from last year, and in a company-wide memo, Bloomberg LP President Dan Doctoroff says he sees revenue ballooning to $10 billion a year by 2014.

Also in the memo, employees of Bloomberg LP are told that if the 2014 mark is reached, they’ll reap some of the rewards:

If Bloomberg attains this goal between July 2013 and June 2014, employees will receive more than 70 percent of the salary they earn between Jan. 1, 2009 and the date of attainment.

So it’s good news for them and Mayor Bloomberg, who despite already being the 10th richest person in the nation, could use the extra cash if he makes that rumored 2012 presidential run. Or if he simply wants to buy something, like a country.

Taking Another Look At The BusinessWeek Deal

bloomberg logo.jpgYesterday afternoon came the long-awaited news that Bloomberg LP had snapped up McGraw-Hill‘s BusinessWeek.

This morning, there are a few new points of view on the deal, which is said to have cost Bloomberg less than $5 million. Bloomberg also reportedly agreed to assume all of BusinessWeek‘s liabilities, including the cost of getting magazines to all of its subscribers who have paid in advance and any severance packages for BusinessWeek employees who are laid off during the transition. The New York Times says BusinessWeek‘s liabilities were $31.9 million as of April.

The Times also reports that the magazine will be rechristened Bloomberg BusinessWeek.

The Financial Times focused on the fact that this acquisition is a change of pace for the privately owned Bloomberg. “The rare break from Bloomberg’s tradition of organic growth came as Thomson Reuters, its rival in financial data terminals, was putting the finishing touches to a takeover of Breakingviews.com, a UK-based financial commentary website.”

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Lunch: Dishing With The Usual Suspects

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— DIANE CLEHANE

The regulars were out in force today at Michael’s as media mavens, moguls and social types were deep in conversation around the jam-packed dining room. Everyone, it seems, had plenty to talk about, including the terrible news of Natasha Richardson‘s skiing accident. “I can’t believe it,” one diner told me. “It was sickening to see the coverage last night — especially the premature reports of her death.” The consensus at Michael’s was that there was a lot of irresponsible reporting that seemed more interested in being first than being right. Today, thank goodness, the reports seem more measured and everyone is awaiting an official word from the family. I had the opportunity to meet the talented Ms. Richardson at Michael’s on several occasions last year and she was always utterly gracious and lovely. My thoughts go out to her and her family.

Today I was lunching with Lisa Linden of Linden, Alschuler & Kaplan, Inc. public relations. A tireless gal who is as nice as she is busy. Lisa — who started the firm with Steve Alschuler 16 years ago (Lloyd Kaplan joined three years later)– reports that despite the gloomy economic climate, business is on solid ground. It’s no wonder. The principals bring a wealth of experience to their clients, having toiled in a host of positions including stints in city and state government (Lisa and Steve both served at various times as press secretary to Senator Roy Goodman and later worked together at Rubenstein; Lloyd was chief of staff at City Hall during the financial crisis in the early 70s). Lisa was also a consultant to the Clinton/Gore ’96 campaign. These days, the firm counts top tier real estate companies like Brookfield and The Plaza as clients, as well as an impressive list of “major” law firms, fashion brands (Sigrid Olsen) and nonprofits including City Meals on Wheels and The Broadway League.

During these perilous economic times, one of the things that keeps Lisa and her staff so busy is crisis management: “We’re living in unprecedented times,” Lisa told me. “There is no industry that has not been hit with a crisis.” And, counsels this public relations powerhouse, even those companies that are not dealing with disaster per se should think twice about scaling back their public relations efforts. “This is not the time to pull back,” she says. “While it is a time of crisis, it is also a time of tremendous opportunity to move messages. The media is happy to report positive stories and people are happy to read them. There is so much negativity. Companies should look for what is good and get the word out because that resonates now more than ever.” Amen to that!

And, one more thing, Lisa was thrilled to break the news to me exclusively that Mayor Mike Bloomberg, former governor George Pataki and New York State’s new Senator Kirsten Gillibrand will be the speakers at this year’s fundraising gala for The New York League of Conservation Voters (she’s co-chair of the board) scheduled for May 28 at Chelsea Piers.

Here’s the rundown on today’s crowd:

1. Somers Farkas, Francine LeFrak and two other well-heeled gals

2. Mike Medavoy and a dark-haired gent we didn’t recognize

3. ‘Mayor’ Joe Armstrong and Jon Burnham. Joe told me he’s off to Texas to visit mom. Thanks, Joe, for telling me about the terrific mention in Liz Smith‘s column last week on wowOwow.com about our weekly ‘Lunch’ assignations. Have a safe trip to Texas and see you in two weeks.

4. Martin Dunn and Steven Rubenstein.

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