On Feb 14., leaders at a Catholic business school responded that prayerful prudence is key to achieving a proper work-life balance, which is necessary to workplace success.
“I hope that when he said that, Bloomberg was exaggerating for effect,” Professor Andrew Abela, founding dean of the Busch School of Business at the Catholic University of America, told CNA on Friday.
“Hard work is necessary, but time for prayer, family, friends, community are absolutely necessary too, not just for a life well lived, but for a successful career as well,” Abela said.
Professor Maximilian B. Torres, J.D., who teaches business ethics and organizational behavior at the Busch School, said that as a father of eight with a spouse of 30 years, he believes a work-life “balance” can be fluid and depend upon the situations at work and at home.
“There are times when it would be criminal not to exert extra effort at work. There are other times when it would be criminal not to make time for a late-night, father-son conversation, or a family dinner,” Torres said, adding that no boss or spouse should “demand 24/7/365 obsession.”
“Ultimately, balance lies in the counsels of prudence, and results from prayer,” Torres said.
In the 2011 TechCrunch interview, Bloomberg did go on to say that success is not all about money.
“We measure success by, ‘how much money do you have?’ That’s not the only measure of success. I know some very successful people who measure it by how many lives they’ve saved, or how many kids they’ve helped in the classroom, or how well they’ve brought up their children,” Bloomberg said.
He said of his time in “public service” as mayor of New York City that he hoped he could one day tell his grandchildren, “I’ve left you a better world.”
Employee perks offered by Bloomberg News might also contradict the billionaire’s advice on taking breaks, noted Paul Radich, assistant professor of practice, marketing, and social thought at the Busch School.
The company’s building in midtown Manhattan offers free pantry food and free soup at lunchtime to employees in a central location, he noted—although it is unclear whether such policies were instituted to take care of employees or to maximize worker productivity.
Bloomberg, L.P. has also drawn criticism from former female employees who have alleged a hostile workplace culture.
(Story continues below)
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In 2008, the Equal Employment Opportunity Commission (EEOC) filed a discrimination lawsuit against Bloomberg L.P., saying pregnant female employees who took maternity leave received demotions or pay cuts, or were replaced.
Ultimately, 65 women were claimants in the lawsuit which was dismissed by a federal judge in 2011. The judge concluded there was a lack of evidence that the company engaged in a “pattern” of discrimination.
The New York Post reported in December 2019 that Bloomberg, L.P., had been the subject of nearly 40 discrimination and harassment lawsuits by 64 former employees.
According to a November report by the New York Times, one of the lawsuits alleged that Bloomberg told a pregnant employee “kill it,” referring to her baby, and complained about the number of pregnant women at the company. That lawsuit was settled without an admission of guilt.
On Friday, the Washington Post reported that a former Bloomberg technology writer said he witnessed the conversation in which Bloomberg allegedly told the pregnant employee to kill her baby.
Other lawsuits have also alleged that Bloomberg made disparaging remarks about pregnant employees.