Bloomberg Returns to Run His Company

    New York City Mayor Michael Bloomberg speaks during a meeting with Greece's Prime Minister Antonis Samaras at City Hall in New York, August 9, 2013. Mayor Bloomberg is pressuring New York City Council members to reverse their votes on issues of police oversight and racial profiling, seeking to preserve hallmarks of his mayoralty in the final months of his 12 years in office.  REUTERS/Brendan McDermid (UNITED STATES  - Tags: POLITICS) - RTX12F5O

    Brendan McDermid/Reuters

    Michael Bloomberg will return as chief of the company he founded more than 30 years ago, Bloomberg LP. Less than a year after ending his third and final term as mayor of New York City, Bloomberg will take on the business role that made him a billionaire. Current Chief Executive Daniel L. Doctoroff will resign from the role at the end of the year. Doctoroff says he was not forced to step down, but decided to do so on his own accord because Bloomberg became more involved in company affairs. “When Mike decided he wanted to spend some time at the company, and then spent more time, obviously things changed. It isn’t the job I had for the past six years,” Doctoroff said. “It’s his. He doesn’t want to consult with me on everything. I get that.”

    Read it at The New York Times