Michael Bloomberg Returning to Lead Bloomberg LP, Company He Founded

NEW YORK — Former Mayor Michael Bloomberg is returning to lead the financial data and news company he founded in 1981, but left to serve three terms in City Hall.
The company, Bloomberg LP, said Wednesday that current CEO Daniel Doctoroff will step down at the end of the year.

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Doctoroff was a deputy mayor under Bloomberg. His departure makes way for Bloomberg to take back the helm of the company, of which he still owns more than 85%.
The 72-year-old Bloomberg handed the reins of America’s largest city to Bill de Blasio on Jan. 1.
In a statement, Bloomberg said he never intended to return to his company after 12 years as mayor. But after reacquainting with its operations, he could not resist its lure, Bloomberg said. …
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Via: Mashable: Business