EDITORIAL_ Bloomberg’s prez run hopelessly compromises his media company

NEW YORK POST

OPINION   -  EDITORIAL

Bloomberg’s prez run hopelessly compromises his media company

By Post Editorial Board
November 25, 2019 | 7:32pm




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In a modern spin on feudalism, the entire editorial board of Bloomberg News is taking a leave of absence … and joining the boss’ presidential campaign. But that only dodges the least of the ethical issues here.

Michael Bloomberg isn’t selling his company as he runs for president, just stepping away — while his handpicked managers will continue to run it. What happens if he actually wins the Democratic nomination? And what if he then beats President Trump next November?

Trump stepped aside from his own real-estate company after he rode down that escalator to launch his White House bid, and the Trump Organization has essentially suspended new business, especially overseas, while he’s in office. Yet his critics still make endless noises about the Emoluments Clause.

But Bloomberg’s conflicts of interest are huge even while it’s still just primary season.

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READ MORE: https://nypost.com/2019/11/25/bloombergs-prez-run-hopelessly-compromises-his-media-company/

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Then, too, Bloomberg News — and the company’s incredibly lucrative leasing of its trademark terminals and financial services — can be targeted. Does the candidate-owner dare say what he really thinks about, the Hong Kong protests?

Heck, Beijing at least as far back as 2013 intimidated Bloomberg News into killing stories that offended the Communist Party elite — a policy the big boss had to have at least signed off on. It’s easy to see that censorship growing still worse now.

When we urged Michael Bloomberg to enter the race so he can help drag the Democratic Party back to the center, we assumed he’d figured out a real plan for handling these issues. Judging by the announcements so far, we were wrong.

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