Bloomberg vows to sell his business if elected US president
WASHINGTON: Michael Bloomberg would sell the financial data and media company he created in the 1980s — which bears his name and made him a multibillionaire — if he is elected US president, a top adviser has said.
Bloomberg would put Bloomberg LP into a blind trust, and the trustee would then sell the company, adviser Tim O’brien said Tuesday. Proceeds from the sale would go to Bloomberg Philanthropies, the charitable giving arm that funds causes from climate change to public health and grants for American cities.
The only restriction Bloomberg would put on the sale is that it not be sold to a foreign buyer or a private equity company, O’brien said. Bloomberg, a Democrat, is currently chief executive of the company.
BARR MAY QUIT OVER TRUMP’S TWEETS
US attorney general William Barr has told associates he might resign in response to comments and tweets by President Donald Trump about justice department investigations, according to a person familiar with the matter.
Barr has been discussing his frustration that Trump continues to wade into the department’s business, after issuing a rare public rebuke of Trump last week, according to the person.
The attorney general’s private comments raise the stakes between Barr and Trump, although justice department spokeswoman Kerri Kupec tweeted late on Tuesday that Barr has “no plans to resign”. The Washington Post reported earlier that Barr is considering quitting.