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Bloomberg's Succession Plan and Climate Innovation
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Michael Bloomberg has outlined a succession plan for Bloomberg LP, with his foundation Bloomberg Philanthropies set to inherit and eventually sell the company. The billionaire has expressed a desire to own a major newspaper and has donated millions towards shutting down coal plants and reducing gas-fired capacity in the US. Prince William, Bill Gates, and Michael Bloomberg have expressed hope for climate change solutions through innovation at a summit in New York. Former Bank of England boss Mark Carney has been appointed as the head of the Bloomberg board.
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How might Bloomberg LP's succession plan impact the future of the company and the media industry?
How might the appointment of Mark Carney as head of the Bloomberg board influence the company's direction and innovation?
What are the potential implications of the Bloomberg philanthropies' focus on shutting down coal plants and reducing gas-fired capacity?
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