Showing posts with label businessman. Show all posts
Showing posts with label businessman. Show all posts

Monday, November 14, 2022

William Randolph Hearst – American businessman and politician

William Randolph Hearst was born on April 29, 1863 in San Francisco, California and he was was the only son of George Hearst, a gold-mine owner and U.S. senator from California.

Hearst was enrolled in St. Paul’s Preparatory School in Concord, New Hampshire at the age of 16. He matriculated at Harvard, where he worked as the business editor of the Harvard Lampoon, but was eventually expelled for skipping classes and other misadventures.

In 1887 he took control of the struggling San Francisco Examiner, which his father had bought in 1880 for political reasons. Hearst remade the paper into a blend of reformist investigative reporting and lurid sensationalism, and it began turning a profit within three years after Heart took over, with circulation jumping from 5,000 to over 55,000.

Hearst used his media power to get himself twice elected to Congress as a member of House of Representatives (1903-1905; and 1905-1907) as a progressive, if not radical Democrat.

In addition to his successful business endeavors, Hearst amassed a vast and impressive art collection that included classical paintings, tapestries, religious textiles, oriental rugs, antiquities, sculptures, silver, furniture and antique ceilings.

Hearst added Chicago to his domain, acquiring the "Chicago American" in 1900 and the "Chicago Examiner" in 1902. The "Boston American" and the "Los Angeles Examiner" were acquired in 1904.

In the 1920s he started one of the first print-media companies to enter radio broadcasting. Mr. Hearst was a major producer of movie newsreels with his company Hearst Metrotone News, and is widely credited with creating the comic strip syndication business.

By the 1930s, he had built the nation’s largest media empire, including more than two dozen newspapers in major cities nationwide, magazines, wire and photo services, newsreels, radio stations and film production.

He died in Beverly Hills, California on August 14, 1951 at the age of 88.
William Randolph Hearst – American businessman and politician

Wednesday, January 6, 2021

Michael Bloomberg: American businessman and philanthropist

Michael Rubens Bloomberg was born on February 14, 1942. He was raised in the Medford neighborhood of Boston, Massachusetts, the grandson of Russian Jewish immigrants.

The son of a bookkeeper, Bloomberg attended Johns Hopkins University, where he paid his tuition by taking loans and working as a parking lot attendant. After college, he went on to receive his MBA from Harvard Business School. In 1966 Bloomberg was hired by a Wall Street firm, Salomon Brothers, for an entry-level job where in he moved to New York City.

When Salomon Brothers was bought in 1981, Bloomberg started his own company, Bloomberg L.P., built around a financial information computer that revolutionized the way securities data was stored and consumed. The company started with its flagship Bloomberg Terminal and saw itself grow to over 10,000 installed units within its first 10 years of operation. It subsequently built off its success by implementing Bloomberg News, an international financial news provider.

As his company grew, Bloomberg started directing more of his attention to philanthropy, donating his time and resources to many different causes.
Michael Bloomberg: American businessman and philanthropist

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