Michael Bloomberg to return as head of Bloomberg company
Source: Reuters
Wed Sep 3, 2014 11:07pm EDT
(Reuters) - Former New York Mayor Michael Bloomberg will return as head of Bloomberg LP, the data and financial news company he founded in 1981, replacing Daniel Doctoroff who has decided to step aside, the company said on Wednesday.
The privately held company, in which Bloomberg is the majority shareholder, said Doctoroff would step aside as president and chief executive at year-end.
Bloomberg, whose fortune is estimated at more than $32 billion, had expected to spend much of his time on philanthropic efforts after leaving office in late 2013. Those efforts have included fights for public health and gun control. "This is a sad day for me and my company," Bloomberg said in a statement. "I really wanted Dan to stay and continue in his leadership role. But I understand his decision."
Bloomberg, who stepped down as New York mayor last December, added he "never intended to come back to Bloomberg LP" after 12 years as New York's mayor.
Read more: http://www.reuters.com/article/2014/09/04/us-bloomberg-idUSKBN0GZ01N20140904
Uh. Yeah.
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