Management committee will run Bloomberg if founder runs for president

Michael Bloomberg

Michael Bloomber’s financial information company will create an expanded management committee to run the firm in his absence, according to a memo obtained Friday by NBC News.

Claire Atkinson of NBC News reported, “That is similar to how Bloomberg L.P. handled its founder’s absence during his 12 years as mayor of New York City. Bloomberg, who indicated Thursday that he is readying for a potential run but has not yet made a decision, currently serves as the chief executive of the company.

“‘When Mike ran for City Hall, we kept the business moving forward, and when Mike became Mayor, the company continued to grow and innovate,’ the memo said. It added, ‘If Mike steps away again, we have an expanded Management Committee well equipped to continue running the day-to-day operations of the company.’

“Staff members at Bloomberg L.P. received the companywide memo Friday.”

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Chris Roush

Chris Roush was the dean of the School of Communications at Quinnipiac University in Hamden, Connecticut. He was previously Walter E. Hussman Sr. Distinguished Professor in business journalism at UNC-Chapel Hill. He is a former business journalist for Bloomberg News, Businessweek, The Atlanta Journal-Constitution, The Tampa Tribune and the Sarasota Herald-Tribune. He is the author of the leading business reporting textbook "Show me the Money: Writing Business and Economics Stories for Mass Communication" and "Thinking Things Over," a biography of former Wall Street Journal editor Vermont Royster.