Peter Grauer

Peter Thacher Grauer[2] (born October 1945) is an American businessman and entrepreneur. He has been a member of the Bloomberg L.P. board since October 1996 and was named chairman of the board in March 2001 succeeding Michael Bloomberg. Grauer joined Bloomberg full-time in his executive capacities in March 2002.[3] Prior to becoming a member of Bloomberg L.P. in 1996, Grauer was the founder of DLJ Merchant Banking Partners and Investment. He also currently serves as the lead independent director of the health-care services firm, DaVita, Inc.[4]

Peter T. Grauer
Peter Grauer
Peter Grauer in 2012
Born
Peter Thacher Grauer

October 1945[1]
Philadelphia, Pennsylvania, U.S.
NationalityAmerican
Alma materUniversity of North Carolina at Chapel Hill
Harvard Business School
OccupationChairman Bloomberg L.P.
Net worthIncrease US$ 25 Million (2018)
Spouse(s)Laura McCord

Personal life and education

Grauer was born in Philadelphia, PA in 1945[5] to Frederick M. Grauer and Frances Grauer (née Thacher; d. 2006).[6][7] His father, Frederick, was a retiree who previously served as the vice president of the Provident National Bank in Philadelphia.[8][2] Peter's maternal grandfather, Frank W. Thacher, was the president of the Florence Thread Co. in Riverside, New Jersey.[8] He graduated from the University of North Carolina at Chapel Hill in 1968 with a BA in English, and Harvard Business School, Program for Management Development in 1975. Prior to Chapel Hill, Peter graduated from Hotchkiss School.[9]

Professional career

Currently, Peter Grauer is chairman of the Board of Bloomberg L.P. Prior to his time at Bloomberg L.P., Grauer was the managing director and senior Partner of the investment bank Donaldson Lufkin & Jenrette from September 1992 to November 2000,[8] when DLJ was acquired by Credit Suisse First Boston. He was also the founder of DLJ Merchant Banking Partners and DLJ Investment Partners. Grauer serves as a director or trustee on a range of professional and charitable boards. He has served on the boards of more than 25 public and private companies.[10] He has been a director of DaVita, Inc, a Colorado-based healthcare company since 1994 and the lead independent director since 2003.[11]

Grauer is a member of the board of the Prostate Cancer Foundation.[12] He also serves as president of the board of trustees of the Inner City Scholarship Fund in New York City.[13] In June 2013, Grauer was appointed an Independent Non-Executive Director of Glencore plc, later rising to Senior Independent Non-Executive Director in May 2014.[14] He retired from the board in 2018.[15]

In 2014, Grauer became the founding chairman of the American chapter of the 30% Club, an international organization aimed at increasing women’s representation on corporate boards.[16]

Previously, Grauer served on the Global Advisory Board of Out Leadership, which partners with senior executives to advance LGBT equality.[17] OutStanding and the Financial Times named Grauer #4 in their 2015 list of Leading LGBT & Ally Executives, citing his active commitment to LGBT workplace inclusion in Bloomberg LP’s global offices.[18]

Grauer sits on the boards of several prominent educational institutions. He serves as the Founding Board Chair of College Advising Corps, a national nonprofit organization that supports low-income, first generation students on the path to college.[19] He is also a member of both the Board of Trustees of Rockefeller University, a global center for scientific research and education,[20] and the Emeritus Board of literacy and education nonprofit Room to Read.[21] Grauer currently serves as the Chairman Emeritus of Big Apple Circus, an award-winning New York circus performing company and community outreach organization.[22][23]

Grauer is a former member of the board of trustees of the University of North Carolina at Chapel Hill[24] and Chairman of the External Advisory Board of the Undergraduate Honors Program,[25] as well as a member of the University of North Carolina at Chapel Hill Foundation Board and the UNC Global Research Institute Board. Additionally, Grauer is the former President of the Pomfret School Board of Trustees.[26] In 2015 Grauer voted against changing the name of Saunders Hall at the University of North Carolina at Chapel Hill when an objection was raised concerning William Saunders's prominent Ku Klux Klan activity.[27]

Grauer also serves as an advisor to multiple global business institutions. Grauer sits on the advisory board of McKinsey & Company, a global management consulting firm.[28] He is a member of the International Advisory Board of BritishAmerican Business,[29] a transatlantic business network connecting leaders in New York and London. In June 2016, multinational investment firm Blackstone Group appointed Grauer to its board of directors.[30][31][32] Grauer left Blackstone board in February 2018 because of the appearance and potential of a conflict posed by Blackstone's $17.3bn deal for the financial terminals and data unit of Bloomberg rival Thomson Reuters.[33]

Bloomberg

Grauer met the founder of Bloomberg L.P., Michael Bloomberg, during equestrian shows both their daughters participated in.[34] It was not until 1996 that Grauer was asked to become a member of the Bloomberg L.P. board of directors where he was later named chairman of the board in March 2001, succeeding Michael Bloomberg.[11]

Despite the economic downturn in 2007, Grauer has been credited with bolstering the workforce at Bloomberg L.P., adding nearly 1,000 employees in 2009. Additionally, while Chairman of Bloomberg L.P, Grauer led the company to purchase BusinessWeek from McGraw-Hill being quoted as saying he would like Bloomberg to become, ‘the most influential source of news for the financial and business community.”[35][36]

In July 2011, Daniel L. Doctoroff was promoted to Bloomberg L.P.’s chief executive officer and assumed majority responsibility of the company from Grauer, who remained chairman and to whom Doctoroff continued to report.[3] Following Doctoroff’s departure from the company in September 2014, Mike Bloomberg resumed overall leadership of Bloomberg L.P., with support from Grauer and Tom Secunda.[37]

References

  1. ^ "Director Peter T. Grauer, Chairman, Bloomberg L.P. Peter T. Grauer". CheckDirector. 15 November 2017.
  2. ^ a b "Peter T. Grauer". NNDB.
  3. ^ a b Stelter, Brian (12 July 2011). "Doctoroff Named Chief Executive Of Bloomberg L.P". The New York Times. Retrieved 20 July 2011.
  4. ^ "Executive Profile". Bloomberg Businessweek. 20 July 2011. Retrieved 20 July 2011.
  5. ^ "2010 Peterson Award Dinner Transcript" (PDF). The Greenwich Library. Retrieved 29 November 2011.
  6. ^ "Francis Grauer". geni.com.
  7. ^ "Obituary Frances Thacher Grauer". Legacy.
  8. ^ a b c "Michael Bloomberg Funds Terrorism". Smoker History. Retrieved 10 November 2017.
  9. ^ McFarland, Mike. "Bloomberg's Grauer becomes newest UNC trustee". UNC News. Retrieved 4 January 2012.
  10. ^ "Grauer sworn in as newest member of Board of Trustees – University Gazette". gazette.unc.edu. Retrieved 2018-08-01.
  11. ^ a b Hofheinz, Darrell (8 July 2011). "Bloomberg exec Peter Grauer, wife buy Cummings home on El Bravo". Palm Beach Daily News. Retrieved 20 July 2011.
  12. ^ "Peter T. Grauer". Retrieved 20 July 2011.
  13. ^ Lajoie, Ron. "Students' Gift Made the Night at Inner-City Scholarship Dinner". Retrieved 9 January 2012.
  14. ^ "Our Board of directors | Glencore". www.glencore.com. Retrieved 2016-05-20.
  15. ^ "Glencore Reports Retirement Of Non-Executive Director Peter Grauer". MorningstarUK. Retrieved 2018-08-01.
  16. ^ Anderson, Jenny. "Helena Morrissey, Aiming at Britain's Glass Ceilings, Gets Results". DealBook. Retrieved 2016-02-10.
  17. ^ "About - Out Leadership". Out Leadership. Retrieved 2016-02-10.
  18. ^ "2015 Leading 30 Ally Executives | Outstanding". www.out-standing.org. Retrieved 2016-02-10.
  19. ^ "College Advising Corps | Our Work". College Advising Corps. Retrieved 2016-05-20.
  20. ^ "The Rockefeller University » Board of Trustees and Corporate Officers". www.rockefeller.edu. Retrieved 2016-05-20.
  21. ^ "Room to Read". www.roomtoread.org. Retrieved 2016-05-20.
  22. ^ "Big Apple Circus | Official Website | Meet The Team". bigapplecircus.org. Retrieved 2016-05-20.
  23. ^ "Company Overview of the Big Apple Circus". Bloomberg Business.
  24. ^ "Membership - Board of Trustees". Board of Trustees. Retrieved 2016-05-20.
  25. ^ "UNC Board of Trustees". UNC Chapel Hill. Retrieved 13 December 2011.
  26. ^ "Pomfret School is pleased to announce Charlie Wilmerding P '11, '14 as its new President of the Board of Trustees". Benchmarks. 20 August 2010. Retrieved 25 October 2013.
  27. ^ "The Board of Trustees passed three resolutions to contextualize and rename campus monuments". dailytarheel.com. 28 May 2015. Retrieved 29 May 2015.
  28. ^ "Our Advisory Board | McKinsey Leadership Development". mld.mckinsey.com. Retrieved 2016-05-24.
  29. ^ "International Advisory Board - BritishAmerican Business". BritishAmerican Business. Retrieved 2016-05-24.
  30. ^ https://www.blackstone.com/media/press-releases/peter-grauer-to-join-blackstone-s-board-of-directors
  31. ^ "Peter Grauer to Join Blackstone's Board of Directors | Business Wire". www.businesswire.com. Retrieved 2016-05-24.
  32. ^ "Blackstone Investor Relations -". ir.blackstone.com. Retrieved 2016-05-24.
  33. ^ https://www.ft.com/content/decfe9d6-0867-11e8-9650-9c0ad2d7c5b5
  34. ^ Loomis, Carol (5 April 2007). "Bloomberg's Money Machine". CNN Money. Retrieved 20 July 2011.
  35. ^ Karabell, Shellie (26 July 2010). "Taking the Lead". International Business Times. Retrieved 20 July 2011.
  36. ^ Freeland, Chrystia (8 December 2009). "Transcript: View from the Top with Peter Grauer of Bloomberg". Financial Times. Retrieved 20 July 2011.
  37. ^ Edgecliffe-Johnson, Andrew (2014-09-04). "Bloomberg to retake helm at data group". Financial Times. ISSN 0307-1766. Retrieved 2016-02-10.
Bloomberg Beta

Bloomberg Beta is an early stage venture capital firm with $150M under management, capitalized solely by Bloomberg. The fund exists to expand Bloomberg’s horizons by investing in companies that make business work better, with a focus on machine intelligence. Bloomberg Beta was recognized by VC review site CB Insights as the #2 investor in AI. The firm invests purely for financial return. Led by Roy Bahat, a technology business operator and entrepreneur, Bloomberg Beta has an unconventional investing model where anyone on the team can say yes to a deal. The investing partnership has an equal male-to-female ratio.The fund launched in June, 2013 with $75 million of funding from Bloomberg L.P.Bloomberg Beta is headquartered in San Francisco, California, with additional operations in New York City.

Bloomberg Businessweek

Bloomberg Businessweek is an American weekly business magazine published since 2009 by Bloomberg L.P. Businessweek, founded in 1929, aimed to provide information and interpretation about events in the business world. The magazine is headquartered in New York City. Megan Murphy served as editor from November 2016; she stepped down from the role in January 2018 and Joel Weber was appointed in her place.

The magazine is published 47 times a year.

Bloomberg Government

Bloomberg Government is a division of Bloomberg BNA that provides data-driven decision tools, news, and analytics in a digital workspace for professionals who influence government action.

Bloomberg L.P.

Bloomberg L.P. is a privately held financial, software, data, and media company headquartered in Midtown Manhattan, New York City. It was founded by Michael Bloomberg in 1981, with the help of Thomas Secunda, Duncan MacMillan, Charles Zegar, and a 30% ownership investment by Merrill Lynch.Bloomberg L.P. provides financial software tools such as an analytics and equity trading platform, data services, and news to financial companies and organizations through the Bloomberg Terminal (via its Bloomberg Professional Service), its core revenue-generating product. Bloomberg L.P. also includes a wire service (Bloomberg News), a global television network (Bloomberg Television), digital websites, radio stations (Bloomberg Radio), subscription-only newsletters, and two magazines: Bloomberg Businessweek and Bloomberg Markets.In 2014, Bloomberg L.P. launched Bloomberg Politics, a multiplatform media property that merged the company's political news teams, and has recruited two veteran political journalists, Mark Halperin and John Heilemann, to run it.

Bloomberg L.P. v. Board of Governors of the Federal Reserve System

Bloomberg L.P. v. Board of Governors of the Federal Reserve System, 1:2008cv09595, was a lawsuit by Bloomberg L.P. against the Board of Governors of the Federal Reserve System for disclosure of information about banks and other financial institutions that had borrowed from the Federal Reserve discount window during the United States housing bubble and ensuing financial crisis.

During the financial crisis, the U.S. Congress, Federal Reserve, Treasury Department and Federal Deposit Insurance Corporation, developed the Emergency Economic Stabilization Act of 2008 to shore up financial institutions by purchasing mortgage-backed securities, and loaning cash directly to banks and bank holding companies. Many of the distressed banks would not come forward to accept such loans publicly for fear of a bank run and loss of investors. As a result, the Federal Reserve developed a program for those banks and financial institutions to access the discount window which is not normally subject to publication.

As part of investigative reporting conducted by journalists Mark Pittman and Bob Ivry, Bloomberg L.P. was denied a request to the Federal Reserve, under the Freedom of Information Act, for disclosure of borrower banks and their collateral. Subsequently, a lawsuit was filed with United States District Court for the Southern District of New York on November 7, 2008 in order to force disclosure.

On August 24, 2009, Chief U.S. District Judge Loretta Preska ruled that the Federal Reserve had until September 14 to disclose the information. Later, on August 27, the court agreed to the Fed's request to delay implementation of a ruling until the Court of Appeals acts on its appeal. It was given until no later than September 30, 2009 to obtain an appeals authorization. The case was successfully appealed to the United States Court of Appeals for the Second Circuit.March 19, 2010, a unanimous three judge panel of the appeals court ruled the Federal Reserve Board must release the documents. May 4, 2010, the Federal Reserve Board and The Clearing House Association L.L.C. appealed for a rehearing however, August 20, 2010, the United States Court of Appeals for the Second Circuit denied both requests. August 26, 2010, the Board filed a request to stay the judgement for appeal to the U.S. Supreme Court. On August 26, 2010, the court agreed to delay implementation of the ruling until October 19 so that the Fed may appeal to the Supreme Court.The case was appealed but ultimately rejected on March 21, 2011. The Federal Reserve was required to release the data within five days to Bloomberg L.P.

Bloomberg Law

Bloomberg Law is a subscription-based service for online legal research. The service, which Bloomberg L.P. introduced in 2009, provides legal content, proprietary company information and news information to attorneys, law students, and other legal professionals. More specifically, this commercial legal and business technology platform integrates Bloomberg L.P. news with Bloomberg BNA's primary and secondary legal content and business development tools.

Bloomberg News

Bloomberg News is an international news agency headquartered in New York, United States and a division of Bloomberg L.P. Content produced by Bloomberg News is disseminated through Bloomberg Terminals, Bloomberg Television, Bloomberg Radio, Bloomberg Businessweek, Bloomberg Markets, Bloomberg.com and Bloomberg's mobile platforms. Since 2015, John Micklethwait has served as editor-in-chief.

Bloomberg TV Bulgaria

Bloomberg TV Bulgaria is a Bulgarian television channel with focus on economics which was launched on 19 October 2015.The television is part of Bloomberg's international channel group and is owned by Investor TV Ltd. (Investor TV EOOD), a subsidiary of Investor.BG EAD (part of the TIM holding)

which also includes the national TV channel Bulgaria ON AIR (called MSAT in former times), as well as the "Investor Media Group" online platforms like Investor.bg, Today.bg, Imoti.net, Puls.bg, and others.

The channel focuses on economic and financial news, market information, and interviews and business analyzes from Bulgaria and the world. It also broadcasts original Bloomberg Television productions, including success stories, documentaries and economic broadcasts. It presents news from the markets in daily direct contact with journalists, experts and analysts at Bloomberg in London, New York, Hong Kong and Tokyo.

Bloomberg Technology

Bloomberg Technology, formerly called Bloomberg West, is an American television show produced by Bloomberg Television. Andy Lack, chief executive officer (CEO) of Bloomberg Media Group launched Bloomberg West in 2011.The show focused on the topics of technology, innovation and business and was hosted by Emily Chang and Cory Johnson.

Before coming to Bloomberg Television, Chang was a CNN television host in Beijing. Co-host Cory Johnson, ran a hedge fund and reported on Silicon Valley for CNBC before joining Bloomberg Television.From its start in 2011, the show was recorded in Bloomberg’s San Francisco studio and aired daily at 6:00pm EST.Bloomberg West was named Bloomberg Technology as part of the launch of Bloomberg Technology as a "multi-platform brand" on October 5, 2016.

Bloomberg Television

Bloomberg Television (typically referred to on-air as simply Bloomberg) is an American-based international cable and satellite business news television channel, owned by Bloomberg L.P. It is distributed globally, reaching over 310 million homes worldwide. It is headquartered in New York City, with European headquarters in London and Asian headquarters in Hong Kong.

CFTE

CFTE (1410 AM) is a radio station located in Vancouver, British Columbia, Canada. On 1410 AM, it is owned by Bell Media and currently carries a business news format as BNN Bloomberg Radio 1410, which primarily simulcasts programming from the television channel BNN Bloomberg, as well as programs from the U.S. Bloomberg Radio network.

CFTE's studios are located on Robson and Burrard Street in Downtown Vancouver; however the station's local programming is currently limited to weekend specialty programming, and traffic and weather updates. Its transmitters are located near Delta.

Charles Zegar

Charlie Zegar (born 1948) is an American billionaire and computer scientist known for being one of the four co-founders of Bloomberg L.P.

Gabriel Victora

Gabriel D. Victora is an immunologist who is a recipient of the 2017 MacArthur Genius Grant for his research on the adaptive immune system and the processes by which it adjusts its reactions to infections. He is the Laurie and Peter Grauer Assistant Professor at Rockefeller University, where he heads the Laboratory of Lymphocyte Dynamics.Victora earned his PhD in 2011 from New York University Medical School. From 2012 to 2016, he was a fellow at the Whitehead Institute for Biomedical Research at the Massachusetts Institute of Technology. In 2012, he earned the NIH Director’s Early Independence Award for his work using two-photon microscopy to understand the changes over time of the level of diversity of antibodies in germinal centers.

Grauer

Grauer is a Germanic surname meaning "grey", which may refer to:

Ben Grauer (1908–1977), U.S. radio and TV personality

Connie Grauer (born ?), U.S. musician, co-founding member of Mrs. Fun

Frederick L. A. Grauer (born ?), U.S. investment banker

Ona Grauer (born 1978), Mexican-born Canadian actress

Peter Grauer (born 1946), U.S. businessman and entrepreneur

Rudolf Grauer (1870–1927), Austrian explorer and zoologist

Stuart Grauer (born 1950), U.S. educator, author, and founder of the Grauer School

Thaddeus Grauer, Austrian art dealer.

Uwe Grauer (born 1970), German footballer and coach

William E. Grauer (born ?), U.S. lawyer

John Fall Allison

John Fall Allison (1825–1897) was a pioneer settler, Justice of the Peace, Postmaster and Gold Commissioner in the Similkameen Country of the Southern Interior of British Columbia, Canada.

John Micklethwait

Richard John Micklethwait (born 11 August 1962) is editor-in-chief of Bloomberg News, a position he has held since February 2015. A British journalist, he was previously the editor-in-chief of The Economist from 2006 to 2015.

Justin B. Smith

Justin B. Smith (born August 13, 1969) is an American businessman and chief executive officer of Bloomberg Media Group. Prior to joining Bloomberg, Smith worked for Atlantic Media, The Week magazine and The Economist.

Thomas Secunda

Thomas "Tom" Secunda (born 1954) is an American business executive, best known as one of the original four co-founders of Bloomberg L.P. and current vice chairman.

WNBP

WNBP (1450 AM, 106.1 FM) is a radio station licensed to serve Newburyport, Massachusetts, United States and serving the Boston market. The station is owned by Bloomberg L.P.. The station carries financial news from Bloomberg Radio. WNBP is simulcast on a 90-watt FM translator at 106.1 MHz, W291CC, transmitting from Amesbury.

The station was assigned the WNBP call letters by the Federal Communications Commission on January 18, 1991.

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