The Founder And “The Mayor” To Return As Bloomberg CEO

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The Founder And “The Mayor” To Return As Bloomberg CEO
Michael Bloomberg

Close friend of the founder Michael Bloomberg, Daniel L. Doctoroff announced his decision to leave Bloomberg LP at the end of the year on Wednesday.

Bloomberg retains nearly 90% of the highly-profitable private company, so it’s not out of the ordinary that he would wish to return though he’s not shying from the challenge.

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“This is a sad day for me and my company,” said Bloomberg. “I really wanted Dan to stay and continue in his leadership role. But I understand his decision.”

“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,” he said. “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.”

The two have been nearly inseparable for some time as Doctoroff served as a deputy mayor to Bloomberg before leaving his post in 2008. While he went to work at Bloomberg LP nearly immediately, he was given the post of CEO in July of 2011.

Doctoroff leaves on a high

Bloomberg has been hanging out at the offices of Bloomberg LP for some time having left the mayor’s office in early 2013 but he’s oft been quoted as saying he never truly expected to return, rather focus on his advocacy efforts and foundation.

By no means was Doctoroff pushed out, in fact he set financial records each year for the company as well as redesigning Bloomberg Businessweek while also having moved the company into general news.

“Leaving is not an easy decision, but it is the right one for the company, for Mike and for me at this stage of my life,” Doctoroff said. “It is and has always been Mike’s company and given his renewed interest and energy, it only makes sense for him to retake the helm.”

 

 

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While studying economics, Brendan found himself comfortably falling down the rabbit hole of restaurant work, ultimately opening a consulting business and working as a private wine buyer. On a whim, he moved to China, and in his first week following a triumphant pub quiz victory, he found himself bleeding on the floor based on his arrogance. The same man who put him there offered him a job lecturing for the University of Wales in various sister universities throughout the Middle Kingdom. While primarily lecturing in descriptive and comparative statistics, Brendan simultaneously earned an Msc in Banking and International Finance from the University of Wales-Bangor. He's presently doing something he hates, respecting French people. Well, two, his wife and her mother in the lovely town of Antigua, Guatemala. <i>To contact Brendan or give him an exclusive, please contact him at [email protected]</i>

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