...SACRAMENTO, Calif. - Mike 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 U.S. president, a top adviser said Tuesday.
...Bloomberg would put Bloomberg LP into a blind trust, and the trustee would then sell the company, adviser Tim O'Brien said.
...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.
...Bloomberg created his own company in 1981, after he was fired from the investment bank Salomon Brothers with a $10 million severance payment.
Submitted 1500 days ago
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