How billionaire Mike Bloomberg got fired and what came next

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Bloomberg shares advice on becoming an entrepreneurial success.

Southern Bancorp Inc. CEO Darrin Williams tells ‘Making Money’ that the federal government's ‘well-intended’ response to the banking crisis gives the ‘impression’ that large banks are more important than community banks.looked back on getting fired decades ago and how it affected his professional trajectory, ultimately turning him into an entrepreneurial success on Wall Street. Now, he has advice for others looking to do the same. I’ve ever had - a job I loved.

Phibro, a commodities firm, purchased the company that year. Bloomberg lost his job amid that transaction, taking $10 million in severance, as previously reported by FOX Business.

 

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