Bloomberg Manages to Hang On

IMD 2002 REVIEW

It was business as usual at Bloomberg. But despite slowly increasing sales, the company came under major pressure from budget-minded firms.

The first big news of the year was the departure of head of product strategy Lou Eccleston in February (IMD, Feb. 18). The move was not a complete surprise, as Eccleston had been passed over for the chief operating officer job the previous year. So after spending 14 years at Bloomberg, Eccleston left to join Siebel Systems, but only five months later he m