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Mike Bloomberg: The Mogul and the Mayor: Money, Power, Politics

Mike Bloomberg: The Mogul and the Mayor: Money, Power, Politics

by JoycePurnick (Author)

  • Used

    Hardcover 2009

    $7.07
Synopsis

This is the biography of financial genius and ubermayor Michael Bloomberg, written by an award-winning veteran New York journalist, published at the time of the controversial mayoral election, in which Bloomberg is running for a third term. Bloomberg's story would be riveting had it stopped in 2001. By then he had made a fortune as a general partner at Saloman Brothers before being fired in 1981 with a $10 million payoff, with which he founded what became Bloomberg LLC. His first client for providing financial information via bespoke terminals was Merrill Lynch. By 2008, Bloomberg was one of the 10 richest Americans, and Bloomberg LLC the pre-eminent provider of financial information in the country. He is a very significant philanthropist, among others to his alma mater John Hopkins University. In 2001, Bloomberg ran for mayor of New York, abandoning his lifelong membership in the Democratic Party for a Republican slot, where he was endorsed by Rudy Giuliani. He took on the responsibility for rebuilding the confidence of the city, still badly shaken after 9/11 which preceded his election by barely seven weeks. At the end of two terms he was one of the most popular mayors in the city's history. He could have gone out at the top setting an unenviably high standard for his successor. But in another huge gamble Bloomberg decided that he could only be succeeded by himself, even if he had to rewrite electoral law to do so. He had bet his legacy for the privilege of supervising the city during the most severe financial crisis since the great depression of the 1930s. It was an epic twist in an already dramatic career, proving if nothing else that Bloomberg was never going to go quietly. He has not authorized this book, but he has allowed close family, friends and business intimates to be interviewed on the record by Purnick, and he has given her hours of his own time as well. It all makes for an unequaled biography of a man full of contradictions, an inveterate risk taker, a restless seeker of problems to solve, a friend to Arnold Schwarzenegger and John McCain, the Kennedys and the Clintons. He is a great American enigma, gloriously unraveled in this biography of one of the great men of our era.

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More Information

Format: Hardcover
 Pages: 304
 Edition: 1
 Publisher: Public Affairs
Published: 01 Oct 2009
ISBN 10: 1586485776
ISBN 13: 9781586485771

Media Reviews
Kirkus
Of interest to students of Gotham politics....The author's careful account of [Bloomberg's term limit] victory - a worthy case study for anyone seeking ways to game a system designed to protect voters from anti-democratic dynasties - is worth the price of the book.
Financial Times
If all goes as expected, in November Mike Bloomberg will be elected mayor of New York City for the third time. The richest man in the city he governs, with an estimated wealth of $20bn, is again using this money to fund a lavish campaign. If he wins, he will have spent at least $250m for the privilege of holding one of the most aggravating and intoxicating jobs in US politics. But running for a third term carries an even higher price, according to Purnick's biography. To do it, Bloomberg worked to overturn the city's two-term limit, despite previously supporting it. He's a different guy than he was a year ago, Purnick quotes a friend. He breached his own code of ethics. Purnick, a New York Times reporter, is mostly admiring. Ed Koch cracked the eggs, [Rudy] Giuliani assembled the ingredients, and then Bloomberg made the omelette, she writes of his role in New York's resurgence.
New York Times Book Review
Purnick's reporting...is detailed and delightful.
MINT.com
The New York Times reporter Joyce Purnick's fluid writing makes this portrait flow seamlessly. GetAbstract recommends her breezy, deft presentation of Bloomberg's uplifting story to executives, political strategists and aspiring leaders.
Kirkus
Of interest to students of Gotham politics....The author's careful account of [Bloomberg's term limit] victory - a worthy case study for anyone seeking ways to game a system designed to protect voters from anti-democratic dynasties - is worth the price of the book.
Financial Times
If all goes as expected, in November Mike Bloomberg will be elected mayor of New York City for the third time. The richest man in the city he governs, with an estimated wealth of 20bn, is again using this money to fund a lavish campaign. If he wins, he will have spent at least 250m for the privilege of holding one of the most aggravating and intoxicating jobs in US politics. But running for a third term carries an even higher price, according to Purnick's biography. To do it, Bloomberg worked to overturn the city's two-term limit, despite previously supporting it. He's a different guy than he was a year ago, Purnick quotes a friend. He breached his own code of ethics. Purnick, a New York Times reporter, is mostly admiring. Ed Koch cracked the eggs, [Rudy] Giuliani assembled the ingredients, and then Bloomberg made the omelette, she writes of his role in New York's resurgence.
New York Times Book Review
Purnick's reporting...is detailed and delightful.
Author Bio
Joyce Purnick has written the twice-weekly Metro Matters column for The New York Times since 1999. Prior to this, she wrote the Metro Matters column from 1994 until becoming deputy editor of Metro. From 1989 until 1994, Ms. Purnick served on the paper's editorial board, writing opinion essays on urban affairs. Her Metro Matters column has won several awards, including the Mike Berger Award from Columbia University's Graduate School of Journalism. She is also the recipient the 1987 Peter Kihss Award for reporting on city government, given by the Fund for the City of New York, and a 1979 Front Page Award from the Newswomen's Club of New York for political columns in New York magazine (where she worked before she joined The Times), and awards in 1975 from the Newspaper Guild and the Newswomen's Club of New York for feature writing at The New York Post, where she worked from 1970 to 1978, rising from news clerk to chief political writer. She lives in Manhattan.