Company Directory - Bloomberg L.P.
Company Details - Bloomberg L.P.
Bloomberg L.P.
WebsiteNew York City, United States
Bloomberg L.P. is a global financial software, data, and media company that provides business and financial information, analytics, and news through its Bloomberg Terminal and multimedia platforms.
CCI Score
CCI Score: Bloomberg L.P.
-8.25
0.01%
Latest Event
Bloomberg L.P. Political Contributions and Revolving Door Lobbying Profile
The OpenSecrets profile reveals that Bloomberg L.P. has made significant political contributions ($64.7M in the 2024 cycle) and engaged in lobbying activities ($370K in 2024). Additionally, a notable proportion of its lobbyists come from previous government roles, illustrating a revolving door dynamic. These factors raise concerns about its influence on political processes and potential complicity in undermining democratic norms.
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COLLABORATOR
Bloomberg L.P. is currently rated as a Collaborator.
Latest Events
- FEB192025
The OpenSecrets profile reveals that Bloomberg L.P. has made significant political contributions ($64.7M in the 2024 cycle) and engaged in lobbying activities ($370K in 2024). Additionally, a notable proportion of its lobbyists come from previous government roles, illustrating a revolving door dynamic. These factors raise concerns about its influence on political processes and potential complicity in undermining democratic norms.
-40
Political Contributions and Lobbying Efforts
March 21
Bloomberg L.P.'s substantial political contributions and lobbying expenditures indicate active involvement in influencing political outcomes. The high financial influence, demonstrated by nearly $64.7M in contributions and a notable sum in lobbying, may support candidates or policies that align with authoritarian practices. This level of financial influence is problematic from an anti-fascist perspective, suggesting complicity in political processes that could undermine democratic norms.
-30
Executive Political Engagement
March 21
The data shows that a significant portion of Bloomberg L.P.'s lobbyists have prior government experience, indicating the presence of a revolving door system. This close intertwining of corporate and governmental roles raises questions about the integrity and independence of policy-making, ultimately enhancing corporate influence over political affairs and potentially promoting authoritarian practices.
- APR242024
An article published on April 24, 2024, highlights how some major US companies are using shareholder funds for hefty super PAC donations, raising concerns over corporate political influence and potential shareholder lawsuits. This event underscores the risks associated with corporate political contributions and the indirect support such practices may lend to authoritarian narratives.
-60
Political Contributions and Lobbying Efforts
March 21
The article discusses corporate political donations sourced partly from shareholder funds, which fuels super PAC contributions. This practice is concerning as it potentially undermines democratic accountability, aligns corporate financial power with political clout, and may indirectly support authoritarian policies. Such actions reflect negatively on the company’s public and political behavior, particularly in the context of political contributions and lobbying efforts.
Corporate Political Donations Poised to Spark Shareholder Lawsuits
- OCT152023
Bloomberg L.P. announced its integration with Insightful Technology's Soteria Capture and Surveillance Suite to bolster its compliance and surveillance infrastructure across over 120 communications channels. While the integration aims to enhance regulatory oversight, the advanced surveillance capabilities raise concerns regarding the potential for repressive monitoring that could be exploited in authoritarian contexts.
-40
Provision of Repressive Technologies
March 21
The integration of Insightful Technology's Soteria solution with Bloomberg's compliance products significantly expands Bloomberg's ability to surveil and analyze communications across multiple channels. Although presented as a compliance tool, the comprehensive capture and AI-driven analysis functionalities could potentially be repurposed for repressive surveillance practices, contributing to authoritarian control. This alignment with advanced surveillance technology raises serious concerns from an anti-fascist perspective.
- OCT012023
Bloomberg released its Supplier Code of Conduct in October 2023, emphasizing zero tolerance for modern slavery, strict labor rights, and ethical standards for suppliers. This move supports the fight against labor exploitation and repressive supply chain practices.
+80
Labor Relations and Human Rights Practices
March 21
Bloomberg's Supplier Code of Conduct establishes rigorous standards for modern slavery, labor rights, and worker safety. By mandating ethical treatment of workers, including temporary, migrant, and contract workers, Bloomberg is taking a strong stance against exploitation and indirectly opposing labor practices that underpin authoritarian regimes.
+80
Supply Chain Ethics
March 21
The Code of Conduct mandates ethical sourcing and responsible supply chain practices by requiring suppliers to adhere to anti-slavery regulations and environmental and safety standards. This proactive approach reinforces Bloomberg's commitment to preventing supplier complicity in human rights abuses.
- FEB282022
Union organizers staged a demonstration on February 28, 2022, protesting management's handling of wages and telework negotiations ahead of a new union contract, revealing underlying issues in labor relations at a Bloomberg L.P. affiliate.
-10
Labor Relations and Human Rights Practices
March 21
The union demonstration underscores persistent tensions in labor relations at Bloomberg Industry Group. Despite claims of offering a generous contract with above-market wages and benefits, the protest indicates unresolved worker concerns over wages and telework accommodations. From an anti-fascist perspective that champions robust worker rights, this episode reflects a lapse in ensuring fair labor practices and adequate responsiveness to employee demands.
Scoop: Bloomberg Industry Group union to stage demonstration
- NOV142020
A current employee alleges discriminatory practices and unequal pay at Bloomberg, highlighting systemic issues of racial and gender bias within the company’s workplace culture.
-70
Labor Relations and Human Rights Practices
March 21
The lawsuit accuses Bloomberg of engaging in discriminatory practices, including unequal pay, missed promotion opportunities, and a hostile work environment for women of color. Such practices reflect significant failings in labor relations and human rights practices, thereby contributing to systemic inequalities and complicity in oppressive work environments.
- OCT012020
Bloomberg L.P. has enforced a Supplier Code of Conduct requiring its suppliers to respect workers' rights, including the ability to form unions, bargain collectively, and engage in peaceful assembly. This initiative supports ethical labor practices and ensures supply chain transparency, aligning the company with anti-authoritarian values.
+80
Labor Relations and Human Rights Practices
March 21
Bloomberg's Supplier Code of Conduct explicitly emphasizes protecting workers' rights, including forming unions and negotiating collectively. This proactive measure reinforces robust labor relations and demonstrates a commitment to ethical human rights practices, countering policies that could support authoritarian labor suppression.
+75
Supply Chain Ethics
March 21
By mandating ethical standards through its Supplier Code of Conduct, Bloomberg ensures that its supply chain upholds human rights and ethical labor practices. This initiative minimizes risks of complicity in human rights abuses and aligns the company with broader anti-authoritarian values in business operations.
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