Thursday, September 4, 2014

Maybe He'll Mind His Own Business Now - Not Ours

The Wall Street Journal ran a story this morning about our "favorite" former mayor Mike Bloomberg. It appears that he will be taking over the CEO reins of Bloomberg LP again.
Less than a year after leaving office as mayor of New York City, Michael Bloomberg will return as head of Bloomberg LP, the financial data and media firm he founded and still controls, the company announced Wednesday.

Mr. Bloomberg, 72 years old, will take charge at the end of the year, when Daniel Doctoroff, who has been chief executive since 2008, will step aside, the company said.

In a statement, Mr. Bloomberg said he hadn't intended to return to Bloomberg LP after his mayoral stint was completed. "However, the more time I spent reacquainting myself with the company, the more exciting and interesting I found it—in large part, due to Dan's efforts. I have gotten very involved in the company again and that led to Dan coming to me recently to say he thought it would be best for him to turn the leadership of the company back to me."

Mr. Bloomberg—who owns 88% of Bloomberg LP and is worth $33 billion, estimates Forbes—had been expected to turn his attention to his philanthropic efforts after leaving office.
Good! Now maybe he'll be too occupied minding his own business to mind our business. Let's hope so.

1 comment:

  1. Lets not count our eggs just yet folks..........
    Roger V. Tranfaglia