As a leading media conglomerate for over 30 years and with over 15,000 employees in 192 locations, one might expect to find a deeply entrenched leadership ideology at Bloomberg LP.
But, Chairman Peter T. Grauer reveals, it was only in recent years that the company put serious thought into the issue of leadership. Grauer himself, who has sat on the board since 1996, admits that he, for the longest time, did not believe leadership was critical to a business’s success.
Yet, today, he spends much of his time at work “mentoring talent and working with colleagues to make them better at what they do”. The company, co-founded in 1982 by former Mayor of New York, Michael Bloomberg, has pioneered the "And factor", a unique leadership concept that defines the traits of the organisation’s top executives.