Bloomberg would put Bloomberg LP into a blind trust, and the trustee would then sell the company, adviser Tim O'Brien said. 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. "We want to be 180 degrees apart from Donald Trump around financial conflicts of interest," O'Brien told The Associated Press. "We think it's one of the biggest stains on the presidency, and Trump's record is his refusal to disengage himself in his own financial interests. And we want to be very transparent and clean and clear with voters about where Mike is on these things.
Indeed, as one of the world's wealthiest people, Bloomberg would have an extraordinarily complicated financial picture to untangle if he wins the presidency. His commitment to selling the company stands in stark contrast to the Republican Trump, who refused to fully divest from his business, instead putting his assets in a trust controlled by his two adult sons and a senior company executive. He has continued to make money from his properties.
Publicity Stunt
Unlike trump, Bloomberg gives away billions each year. Trump set up a charitable trust so he could avoid taxes then raid it for his own personal gain
He would pull a Trump.
I think all he needs to do is have a show press conference with a bunch of folders and papers and whatnot
sure he would, just like trump did right? NeverBloomberg
Nothing! The trump standard is set Don’t start enforcing the rules now! Smh!
A comcast acquisition would be interesting 🤔
He shouldn’t have to, right?
Like Trump did.😉
What's the benefit of being a president vs being super rich?! Corruption everywhere. The president may make more with just a couple of coordinated tweets
He does not have to. He won’t be president.
He’d better.
TF he would...
How did Bloomberg seemingly get a monopoly on US market data back in the 1980s Dig deep
MayneReport I seem to remember tRump saying the same thing
Very sensible move Mike.
...and become a mega billionaire
lmao no he won’t, does he think we’re stupid?
😠😠😠😠👎👎👎👎
What kind of business
Why not? What's anyone supposed to do with $60 billion? He's in his 70s and can't take it with him.
LMAO
Looks like he would sell his soul too
Yeah trump said the same thing, Yet here we are
Heard that before
Bullshit!
this mf IS the business interests
Why? Trump didn’t ?
He is already showing he is morally superior to Trump.
Now where have we heard that one?