Wednesday, September 3, 2014
Michael Bloomberg to Return to Lead Bloomberg L.P.
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.
For years, Mr. Bloomberg had insisted that he had no intention of returning full time to the company he founded.When he left politics, Mr. Bloomberg, 72, was expected to devote most of his time to giving away his $32.8 billion fortune. Those philanthropic efforts — on issues like gun control, immigration and public health
But in recent months, Mr. Bloomberg — who still owns 88 percent of the company — has become an increasing presence at Bloomberg’s Lexington Avenue headquarters....