Daniel L. Doctoroff

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Daniel Louis Doctoroff (born July 11, 1958) is an American businessman and former government official.

He is the CEO of Sidewalk Labs, a start-up firm that develops technology focused on city life.

He served as the CEO and president of Bloomberg L.P., deputy mayor for economic growth and reconstruction in New York under Mayor Michael R. Bloomberg, and was a managing partner with Oak Hill Capital Partners, a private equity investment company.

Early life

Doctoroff was born in Newark, New Jersey. Martin Myles Doctoroff (1932-1972-1972), a retired FBI agent who left the company when young Doctoroff was two years old and a Michigan Court of Appeals judge, was a retired federal prosecutor. Allene Doctoroff (née Miller; 1935-1999) was a psychologist with a PhD. He grew up in Birmingham, Michigan, and was the youngest of four sons.

Doctoroff earned a Bachelor's degree in 1980. A J.D. and a degree in government from Harvard College. In 1984, a degree from the University of Chicago Law School was awarded. Mike Stenhouse, one of his college roommates, was a Major League baseball player. Dr. Antonin Scalia, a law professor at the University of Doctoroff, was a future Supreme Court justice.

Personal life

Doctoroff and Alisa Robbins married in 1981 after meeting at Harvard for the first year. Alisa Robbins Doctoroff, a Jewish immigrant, was appointed president of the United States Federation of New York in 2013; she had served as president of Congregation Or Zarua in Manhattan. The couple has three children and lives in New York City.

Doctoroff is Katherine Rosman, the second cousin of New York Times domestic reporter Katherine Rosman. Jennie Miller née Seeman (1906-1992) was a cousin of Rosman's grandmother, Mae Rosman née Seeman (1917-1987).

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Career

Doctoroff began his career as an investment banker while working for Lehman Brothers in New York City, where his mentor, Peter Solomon, was a financier. He later became the managing partner of Oak Hill Capital Partners, a private equity investment company.

Doctoroff was inspired to host the 2008 Olympic Games in New York City after watching a World Cup soccer match between Italy and Bulgaria. Doctoroff, a well-known political, sporting, and company circle in New York, linked with political consultant Robert Teeter, under whom Doctoroff served as a Republican political pollster while a Harvard undergraduate. Doctoroff met with Metropolitan Transportation Authority, New York City Partnership, and then-mayor Rudy Giuliani, who was eager to bring the Olympics to New York.

Despite the fact that the US Olympic Committee decided not to pursue a bid for the 2008 Olympic Games in the United States, Doctoroff maintained his efforts and formed NYC2012, shifting his attention from the 2008 to the 2012 summer games. The NYC2012 initiative called for the construction of new stadiums, transportation upgrades, and environmental clean-up efforts. Despite being finalists in the 2012 summer Olympics, Doctoroff's Olympic efforts in New York helped to spark long-standing infrastructure and development projects, including the relocation of the No. 2 in New York. There are 7 subway lines in Manhattan. Doctoroff was invited to serve in the Bloomberg administration in late 2001 as deputy mayor for economic growth and rebuilding after his involvement with NYC2012.

Doctoroff continued to concentrate on the urban Five-Borough Economic Opportunity Plan during his first term as deputy mayor. Doctoroff oversaw 289 separate projects and initiatives, including the rezoning of 6,000 city blocks, the construction of 130 million square feet of residential and commercial space, and the creation of 2,400 acres of new parks, including the High Line, Brooklyn Bridge Park and Governor's Island. Following the devastation of 9/11, he also represented city interests in Lower Manhattan's redevelopment.

Doctoroff conceived and led the team that created PlaNYC, the 127-point initiative that brought together more than 25 City departments in order to make New York City more environmentally sustainable. He argued that the PlaNYC's updates, especially in areas designated as flood zones, continued to the city from Hurricane Sandy in December 2012. One of the plan's 127 points was the introduction of congestion fees, which is a fee-based scheme that helps discourage commuting by car. Doctoroff, for example, is convinced that the fees will help finance mass transit system upgrades, reduce greenhouse gas emissions by 30% citywide by 2030, and decrease traffic congestion. According to a report published by the NYC Metropolitan Transit Authority in 2007, subway lines were full and could not cope with a rise in new riders using the system. In April 2008, congestion pricing was eventually rejected by New York state legislators, arguing that the fee was unfair to middle-class commuters who did not have access to public transit.

Doctoroff left city politics long before the congestion pricing initiative fell, and Bloomberg L.P.'s president became President in February 2008. Bloomberg L.P. shifted its attention from providing financial reports and analysis to its database of Terminal users to a wider business audience under Doctoroff's leadership. The development of a strategy to boost Bloomberg.com's readership, the acquisition of BusinessWeek, and the introduction of new subscription services Bloomberg Government and Bloomberg were among the initiatives.

According to The New York Times, 85 percent of Bloomberg L.P.'s income comes from the selling of its terminals, which then helps with the subscription-based news services. In 146 bureaus and 72 countries, the news service employs 2,300 journalists. Doctoroff discusses a relationship in which increasing the news audience helps raise the profile of the terminals and move the company closer to its goal of being "the most influential news group in the world."

Bloomberg L.P. led Thomson Reuters in market share, beating Thomson Reuters in the US market share battle, including hedge funds in Korea. Doctoroff told the European Parliament that Bloomberg LP may produce the Bloomberg Interbank Offered Rate, which would address regulators' concerns following the Libor scandal.

Doctoroff left Bloomberg L.P. in 2014, with Michael Bloomberg re-assuming the role of CEO.

Doctoroff and Google founded Sidewalk Labs, a start-up that focused on developing technology to improve urban life in 2015. Doctoroff is the CEO, and Alphabet (Google's affiliate company) is funding the venture.

Sidewalk Labs announced in 2017 that they intend to participate in the redevelopment of a 12 acres (0.049 km2) parcel of land on Toronto's waterfront, supplying the parcel with the most advanced methods for connecting people. When the Labs suggested expanding its footprint to a much larger area under redevelopment, there was some controversies when first revealed. Critics also expressed trepidation that residents and passersby would not know how much privacy they were losing by entering the parcel. On May 7, 2020, Doctoroff announced that the Labs would no longer be funded.

Doctoroff declared in December 2021 that he was resigning as CEO as a result of amyotrophic lateral sclerosis, which his father and uncle died from.

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