"Bloomberg L.P. Reveals Succession Strategy in Bloombert's Plan"
Former New York City mayor Michael Bloomberg, at the Climate Summit, revealed his succession plan for Bloomberg L.P., stating that his Bloomberg Philanthropies foundation would inherit the company and eventually sell it. Bloomberg, who holds an 88% stake in the company, intends to keep working for at least three to five more years. He also discussed his campaign to block the construction of petrochemical plants, emphasizing the need for practicality in addressing climate change and targeting specific sectors like petrochemicals to limit harm to communities.
