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Posts Tagged ‘Peter Grauer’

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.

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Bloomberg L.P. To Open New Manhattan Office

With nearly 7,000 New York-based employees, Bloomberg L.P. is always looking to add new office locations as the company grows.  Today Bloomberg signed a lease for over 400,000 square feet of office space at 120 Park Avenue and plan to move into the new place later this year.  This purchase comes a little over a month after the company announced plans to build a London office with over 500,000 square feet of property.  Chairman of Bloomberg L.P. Peter Grauer explained that the new office space is needed to accommodate the increasing number of staff members.

This new location is ideal as we build upon our record-setting year in 2010 and position ourselves for future growth.