Democratic Primaries
Related: About this forumBloomberg would sell business interests if elected president
SACRAMENTO, Calif. (AP) Mike Bloomberg would sell the financial data and media company he created in the 1980s which bears his name and made him a multibillionaire if he is elected U.S. president, a top adviser said Tuesday.
Bloomberg would put Bloomberg LP into a blind trust, and the trustee would then sell the company, adviser Tim OBrien said. Proceeds from the sale would go to Bloomberg Philanthropies, the charitable giving arm that funds causes from climate change to public health and grants for American cities.
The only restriction Bloomberg would put on the sale is that it not be sold to a foreign buyer or a private equity company, OBrien said. Bloomberg, a Democrat, is currently chief executive of the company.
We want to be 180 degrees apart from Donald Trump around financial conflicts of interest, OBrien told The Associated Press. We think its one of the biggest stains on the presidency, and Trumps record is his refusal to disengage himself in his own financial interests. And we want to be very transparent and clean and clear with voters about where Mike is on these things.
https://apnews.com/5a50e9104533b34193e3f5909130e9d9
primary today, I would vote for: Joe Biden
CountAllVotes
(20,869 posts)primary today, I would vote for: Joe Biden
Cal Carpenter
(4,959 posts)How will he ever make ends meet?
primary today, I would vote for: Undecided
dbolski
(52 posts)primary today, I would vote for: Undecided
Response to dbolski (Reply #3)
RandySF This message was self-deleted by its author.