Stories
Stories
Bloomberg: Restoring Our Faith in Business and Government
Photo by Mike Cohen/The New York Times
Photo by Mike Cohen/The New York Times
In his address to HBS graduates at this year’s Class Day, Michael Bloomberg (MBA 1966) spoke about the degeneration of American political culture and the challenge it poses. “Now, the good news is: There is a solution,” he told the crowd, as reported by the Boston Globe. “In fact, I believe that the solution to our political problems is also the solution to our economic problems. And I can sum it up in one word: integrity.”
He offered graduates five ways that they could lead solutions to the current turmoil, including being honest in their work, aligning themselves with companies that are engaged in philanthropy—while not waiting to give back on their own. “I can just tell you after 50-plus years in business and government, people have a lot more respect for those who make a difference in society than they do for people who just make money,” he said. “And the networks that you will make through philanthropy will open up new opportunities for your career.”
Bloomberg also advised graduates not to undervalue their labor force (should they end up in an executive position) and to never self-deal. “Your reputation is everything,” he said. “Don’t sell it or trade it for anything.”
He went on to challenge HBS graduates to lead the way in “(r)estoring the faith that Americans have been losing in our economic and political systems.” “It will be up to you to help lead it—and it starts with renewing, in both business and government, our national sense of integrity,” he said.
Post a Comment
Related Stories
-
- 07 May 2020
- HBS Alumni News
Ensuring Student Equity
Re: Jennifer Grumhaus (MBA 1994); By: Jennifer Gillespie -
- 17 Apr 2020
- NPR - Morning Edition
Decreasing the Wealth Gap
Re: Ray Dalio (MBA 1973) -
- 09 Apr 2019
Ray Dalio: Why and How Capitalism Needs to Be Reformed
Re: Ray Dalio (MBA 1973) -
- 15 Mar 2019
- The Irish Times
JP Morgan Chase Opens New Office in Dublin
Re: Jamie Dimon (MBA 1982)
Stories Featuring Mike Bloomberg
-
- 18 Jul 2019
- Making A Difference
The Pursuit of Impact
Re: Mike Bloomberg (MBA 1966) -
- 30 May 2019
- HBS Alumni News
Five Receive 2019 HBS Alumni Achievement Award
Re: Marla Beck (MBA 1998); Mike Bloomberg (MBA 1966); Mike Mullen (AMP 109); Tracy Palandjian (MBA 1997); Alvaro Rodriguez-Arregui (MBA 1995) -
- 28 May 2019
- HBS Alumni Bulletin
Alumni Achievement Awards 2019
Re: Marla Beck (MBA 1998); Mike Bloomberg (MBA 1966); Mike Mullen (AMP 109); Tracy Palandjian (MBA 1997); Alvaro Rodriguez-Arregui (MBA 1995)
