Bloomberg Anywhere Remote Login Bloomberg Terminal Demo Request


Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.


Financial Products

Enterprise Products


Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000


Industry Products

Media Services

Follow Us

Bloomberg Customers

Businessweek Archives

Sandy Sigoloff, California's Schoolmarm

In Business This Week


Financier Sanford C. Sigoloff has a decidedly mixed record. He has resurrected such troubled companies as Daylin, Wickes, and Republic, but failed to save others, such as retailers B. Altman and Bonwit Teller. Soon, Sigoloff may be facing his biggest turnaround challenge yet: streamlining California's $27 billion education bureaucracy.

Governor Pete Wilson nominated Sigoloff, 63, as the state's superintendent of public instruction--making him the latest in a string of business executives recruited by beleaguered school systems. Questions remain about whether he will be confirmed when the legislature reconvenes in January. If he wins the job, Sigoloff has vowed not to run for reelection in next summer's primary. That gives him 11 months in office.

Nevertheless, California's business Establishment is nearly united in its support for Sigoloff, who promises to make a difference. "Sure, I come in as a lame duck with not a lot of time," he says. "But I did my due diligence. In a troubled business, you don't have a lot of time to understand the parameters, prioritize them, and set up a master calendar of events to accomplish."EDITED BY KEITH H. HAMMONDS Larry Armstrong

blog comments powered by Disqus