In 1981, Michael Bloomberg Was Fired from Salomon Brothers: His Severance Funded the Creation of Bloomberg L.P.

Michael Bloomberg faced a career disruption at Salomon Brothers. This unexpected event, combined with his deep financial knowledge, became a catalyst. He used his severance pay to quickly launch a new venture. This move allowed him to build a lasting information and analytics company, demonstrating how disruption can lead to innovation and success.

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