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Michael Bloomberg to Return to Lead Company He Founded (NYT)
Michael R. Bloomberg has decided to reassume the leadership of his business empire only eight months after ending his final term as mayor of New York. Late Wednesday, Bloomberg told close confidants and senior executives of Bloomberg LP, a financial data and media company, that Daniel L. Doctoroff, its chief executive and a longtime friend and lieutenant, would leave the company at the end of the year and that he would take over. FishbowlNY It seems like only yesterday that Bloomberg was chiding us for drinking large sodas and eating too much salt. In fact, that was about nine months ago. During the time since he vacated the mayor’s office, Bloomberg has become bored. And so he’s returning to a little company called Bloomberg LP, as its CEO. WSJ In a statement, 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.” NPR / The Two-Way Both Bloomberg and Doctoroff, a former deputy mayor under Bloomberg before being tasked with running the company, told the Times that there was no animosity between them regarding the shift. Forbes Bloomberg only had praise for his former deputy, who took revenues from $5.4 billion in 2007, just before he became president, to more than $9 billion this year.