Bloomberg mulls new leadership structure

Michael Bloomberg is mulling a new leadership structure at his data and media company that would allow him to step aside if he decides to run for president, writes Jonathan Lemire of the Associated Press.

Lemire writes, “Bloomberg LP is putting the finishing touches on its European headquarters in London while the former mayor has ventured to the Middle East and Asia to expand the business. And while he was rumored to be considering purchasing The Financial Times, he decided to stay away from the media ventures, instead sinking $800 million to buy Barclays Index business.

“The company did, however, expand its own news division, which now has more than 2,400 people in its editorial department. Those journalists now have a dilemma: how to cover the possible presidential run of the man who has been signing their paychecks?

“To this point, the news division has followed its long-standing policy of not originating stories about the company’s founder to avoid a conflict of interest. But editors are developing a campaign coverage strategy should he enter the race, company officials said.”

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