Thursday, September 4, 2014

Billionaire Mike Bloomberg resumes lead role in company he founded-NY Times

9/3/14, "Michael Bloomberg to Return to Lead Company He Founded," NY Times, Andrew Ross Sorkin

"Michael R. Bloomberg has decided to reassume the leadership of his business empire only eight months after ending his final term as mayor of New York.

Late Wednesday, Mr. Bloomberg told close confidants and senior executives of Bloomberg L.P., a financial data and media company, that Daniel L. Doctoroff, its chief executive and a longtime friend and lieutenant, would leave the company at the end of the year and that he would take over.

For years, Mr. Bloomberg had insisted that he had no intention of returning full time to the company he founded.

When he left politics, Mr. Bloomberg, 72, was expected to devote most of his time to giving away his $32.8 billion fortune. Those philanthropic efforts — on issues like gun control, immigration and public health — were supposed to take up much of his time and he would “most likely spend a few hours a day working from his new desk on the fifth floor,” at Bloomberg’s offices, according to a memo Mr. Doctoroff sent employees in January.

But in recent months, Mr. Bloomberg — who still owns 88 percent of the company — has become an increasing presence at Bloomberg’s Lexington Avenue headquarters. Those “few hours” soon turned into six and seven hours a day with Mr. Bloomberg taking a hands-on role in meetings and strategy decisions. Mr. Doctoroff, 56, a former deputy mayor of New York and private equity executive, told Mr. Bloomberg about two weeks ago that he planned to resign, frustrated with how the leadership dynamic had shifted. Mr. Bloomberg urged him to stay and remain chief executive, but Mr. Doctoroff demurred....

Next month, the company will start Bloomberg Politics, the first of a series of digital brands that will focus on topic areas but cut across television, web video, print, radio and its lucrative terminals, which are still responsible for the vast majority of its annual revenue. Bloomberg L.P. made splashy hires to start the politics site, bringing on the journalists John Heilemann and Mark Halperin.
Mr. Bloomberg also played a pivotal role in creating Bloomberg View, an op-ed project started in 2011 that publishes opinion pieces from brand-name journalists."...


NY billionaire Bloomberg was pivotal in silencing voices of Mississippi Republican voters in a 2014 Mississippi Republican election.

A $250,000 "City of New York/Bloomberg" donation to the campaign of runoff candidate Thad Cochran was made between May 15 and June 4, 2014. Bloomberg and another billionaire, Sean Parker, each gave $250,000 to "Mississippi Conservatives" between May 15-June 4, 2014:

6/13/14, "Two New York Billionaires Each Give $250K to Pro-Cochran Super PAC,", Kent Cooper

The Barbour PAC "Mississippi Conservatives" funded GOP runoff PAC, All Citizens for Mississippi, which sought Democrat votes and accused GOP voters of being racists.


How Mississippi GOP voters were silenced in a Mississippi GOP election:

6/25/14, "Horowitz: This Is Treachery," Daniel Horowitz, Breitbart

"In light of last night’s election results in Mississippi, there is one question every conservative should be asking: how much longer can a party survive when its leadership is inexorably against the ethos of its base?... 

Based on the preliminary election results, it appears that the well-oiled campaign by the NRSC and Haley Barbour to turn out Democrat votes was more than enough to make the difference in last night’s primary. With roughly 60,000 more votes cast in the runoff than the primary, and an unprecedented surge in Democrat counties and precincts, it is almost certain that Chris McDaniel won the GOP vote while losing overall by about 6,400 votes. 

Campaigning openly for Democrat votes in a GOP primary using issues and arguments contrary to the party platform is one thing. But the fact that they played the race card and ran mailers and robo calls in African American areas accusing their own party of being racist is downright despicable.

Hence, the NRSC and the GOP establishment essentially marshalled Democrat support to beat conservative voters in order to reelect an ineffective incumbent who is barely lucid and will very possibly never serve out his term....

Ironically, the establishment treachery on the campaign trail in Mississippi is merely a reflection of what they do in Washington. The GOP-controlled House has whipped Democrat votes to undermine and disenfranchise the GOP majority on numerous occasions over the past few years. Senate Republican leaders stood shoulder to shoulder with their Democrat colleagues and denounced conservative supporters of defunding Obamacare both on the Senate floor and in the media. They have clearly grown comfortable allying with their fellow career politicians in the Democrat Party than with those who in their own party who want government to work for the people again."...


Small donors: Cochran 1%, McDaniel 33%:

6/6/14, 2014 Mississippi Senate Race, Open Secrets, "Raised and Spent" as of May 14, 2014

Thad Cochran

Chris McDaniel



The permanent political class had warned:

Beltway Republican Mitch McConnell tells NY Times he's going to "crush" conservative Republicans in primaries: “I think we are going to crush them everywhere,”...“I don’t think they are going to have a single nominee anywhere in the country.”...

3/8/2014, "Leading Republicans Move to Stamp Out Challenges From Right," NY Times, Carl Hulse

"This election congressional Republicans and their allies are challenging the advocacy groups head on in an aggressive effort to undermine their credibility. The goal is to deny them any Senate primary victories, cut into their fund-raising and diminish them as a future force in Republican politics.
I think we are going to crush them everywhere, Mr. McConnell, the Senate Republican leader, said in an interview, referring to the network of activist organizations working against him and two Republican incumbents in Kansas and Mississippi while engaging in a handful of other contests. “I don’t think they are going to have a single nominee anywhere in the country.”...


No comments: