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One Two Punch
It's
sometimes called "the second toughest job in America,"
so with Michael Bloomberg (MBA '66) now the mayor
of New York City and George W. Bush (MBA '75) in the
White House, HBS alumni have shown once again they relish nothing
more than a daunting challenge. Bloomberg acknowledged as much
in the wee hours of his election victory over Democrat Mark Green
last November, saying, "We are clearly going to have enormous
problems, but I know we are up to the task. New York is alive
and well and open for business!" (New York Times,
November 7, 2001). Among the challenges Bloomberg faces, the Times
noted, were some one hundred thousand jobs lost due to the economic
downturn and a multibillion-dollar budget gap. The new mayor has
said he will not raise taxes but will cut expenses and impose
a hiring freeze.
Bloomberg took the oath of office in the early hours of New Year's
Day, at a ceremony in which Wynton Marsalis, Bette Midler, former
mayor Rudy Giuliani, and other politicians and celebrities participated.
Declared Bloomberg, "We will rebuild, renew, and remain the
capital of the free world" (Agence France-Presse,
January 1, 2002).
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