"Long before Mike Bloomberg was the billionaire businessman, politician, and philanthropist he is today, he was laid off from a company he had hoped to work at for the rest of his career. After being let go as a partner at Salomon Brothers in 1981, he wasted no time crying over spilt milk, and turned around to found legendary software, data, and media giant Bloomberg LLC the very next morning."
"Many of the greats have gotten the boot: Steve Jobs was ousted from Apple in 1985 after an intense power struggle at the $3 trillion company; Oprah Winfrey was fired from her job as a TV anchor in Baltimore, deemed "unfit" for the role; and even pioneering inventor Thomas Edison was dumped from several jobs while he continued to shape our modern world."
Mike Bloomberg was laid off from his partner role at Salomon Brothers in 1981 after 15 years with the firm, having started as an entry-level clerk earning $9,000 annually. He founded Bloomberg LLC the morning after his firing, creating a software, data, and media company and never worked a traditional full-time job again. The layoff occurred amid Salomon Brothers' acquisition by Phibro Corporation. The experience reinforced a mindset that setbacks create opportunities, leading to ventures in business, politics, and philanthropy. Other prominent figures—Steve Jobs, Oprah Winfrey, and Thomas Edison—also experienced career-altering firings.
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