Former Mayor Michael Bloomberg has decided to return and to his leadership role. No, he’s not running for Mayor again, but he will reassume his former position as head of his business empire only eight months after ending his final term as mayor of New York.
Seems the former New York City Mayor couldn’t stay away, for years he’s been claiming he has no interest in returning full time to the company he started.
On Wednesday evening, Mr. Bloomberg notified close confidants and senior executives of Bloomberg L.P., that it’s CEO and long time friend and right hand man, Daniel L. Doctoroff would be leaving the company at the end of the year and that he would take over.
When you still own 88% of your company I guess you could make those types of executive decisions.
Mr. Doctoroff, who says Mr. Bloomberg and himself will remain friends, explained his decision to step down: “When Mike decided he wanted to spend some time at the company, and then spent more time, obviously things changed.” He added, “It isn’t the job I had for the past six years. It’s his, he wants to be involved. He doesn’t want to consult with me on everything. I get that.”
Mr. Bloomberg said he fell in love again with the company that he founded in 1981. It’s hard to step away from something you loved for so long. Especially when you no longer have the title of Mayor. Although, he will take lead of a company has grown larger and more powerful than the one he left more than a decade ago.