2016 Living Legacy Award By Michael Bloomberg

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“What greater satisfaction could we possibly get than watching ourselves do great things for humanity?” (qtd. in Purnick 194). At the close of his memoir, Michael Bloomberg, entrepreneur and former mayor of New York City, voiced his opinion on philanthropy. What Bloomberg meant was that no greater reward exists than seeing the favorable effect someone’s actions can have on the world. If everybody shared Bloomberg’s mentality, the world would transform into a better place to live for people now and in the future. Individuals doing great things for humanity exemplify who should receive the Living Legacy Award. The award honors an individual for his or her efforts in making the world a better place. The world constantly needs improvement, and …show more content…

Numerous individuals are involved in these causes to enhance the lives of generations to come. While a considerable amount of influential people are taking action to benefit the world’s future generations, Michael Bloomberg should receive the 2016 Living Legacy Award because he surpasses all by using his personal assets to make the world a better place for now and posterity. As mayor of New York City, Bloomberg worked hard to create laws which positively impacted the health of many residents in New York and influenced the nation to follow suit. For instance, in 2002, Bloomberg pushed to implement the law which put a ban on smoking in commercial establishments such as restaurants and bars in New York City (Amanpour et al. 110). Smoking in public places poses an issue due to …show more content…

For instance, recognizing that bond traders needed quick access to detailed information about the market, in the 1980s, Bloomberg developed the Bloomberg terminal, a computer system service which provides up-to-date market news for financial professionals in one hundred countries (Francis 9). Still a popular, constantly improving product today, the Bloomberg terminal helps bond traders work effectively to keep the financial market running. Without a financial market, economic growth and the production of goods and services would decrease; therefore, we need innovative, reliable products like the Bloomberg terminal to keep the market up and running. Along with the terminal and many other products and services, Bloomberg additionally developed Bloomberg Institute, an educational division of his company offering an online learning course introducing students to the financial markets (“About”). Bloomberg Institute is paving the way for future financial market experts to gain interest and experience. Before, students couldn’t receive the type of comprehensive education specifically about the financial market which Bloomberg Institute offers. Now, young men and women around the world can become educated on the subject and get a head start in their financial careers that stabilize

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