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Mayor Bloomberg has a message for Attorney General Andrew Cuomo, who this week successfully sued to make public the names of 200 high bonus earners at Merrill Lynch & Co: None of your business! Speaking to reporters today, Bloomberg likened Cuomo's quest for details about employee bonuses to "snooping around." Never mind that the bonuses were paid out with taxpayer bailout money; airing dirty laundry is simply not done in Bloomberg's rarefied world. Now that rabble-rouser Cuomo has gone and subpoenaed AIG for its list of bonus recipients, and the mayor says enough's enough, arguing that if people work in the private sector, their bonuses shouldn't be public. "I don't think you'd be wanting somebody snooping around in your private life," Bloomberg added. Which sort of sounds like a threat, except it's already a reality.
Bloomberg to Cuomo: Leave Bonus Recipients ALONE!
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not exactly NY news, but it's one more reason to hate hamas terrorists and the fascists in their mid
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Well AIG is 80% publicly owned.
can't say he doesn't love the richies.
AIG is 80% owned by the government so now it's in the public sector.
you mean they're civil servants now?
so they have no incentive to do their best and that's what some of them are threatening to do. we're not working hard and long hours anymore, why should we?? This is what they're saying.
"so they have no incentive to do their best and that's what some of them are threatening to do."
So they were doing their best before? How did that work out?
exactly, we're going around in circles.
that's why I don't "get" the "we need to pay them so they won't leave" explanation to us lay people.
I think Bloomberg is right, though him saying this gives his opponents some juicy ammo. Merrill Lynch is not publicly owned. Unless they suspect specific people of unlawful activity, there should not be any wholesale subpoenas.
Mr. Mayor, you need to understand that giving out these bonuses at this time in history is unconscionable.
Bloomberg Can't understand it, he is a billionaire, he really is heartless and clueless on such issues.
well if teachers, state workers, cops ... salaries are all payed with tax payers money and are avaliable to the public so should AIG's since there payed wit tax payer money. I wonder how many teachers or cops got multi million dollar bonus this yr or any at all
http://www.webpronews.com/topnews/2009/03/03/sec-filing-outlines-google-execs-bonuses
Google has disclosed top executive salaries. Why not John Thaine and Ken Lewis and their bonuses? What are they hiding here?
See with a firm like Merril Lynch and Bank Of America, over 200 Executives made more than the top executive bonuses at a firm like Google and there will be huge public outrage. The figures are already known to industry insiders, they just want to keep these figures out of the hands of the general mass public because they will be exposed for what they really are.
Bloomberg is a bit out of touch with the rest of the country about this issue. That and his argument is disingenuos at best.
MLynch was broke and these guys would have been on the street without the taxpayer's money. So, there was no rationale reason for a bonus based on "performance" other then the following:
"Quick -- while no one is looking -- let's rob them blind..."
Mike -- if you think they deserve the cash - hire them. Otherwise, stay out of the way.
Keep it up Andrew -- I might just vote for you for Gov.
What's a measly 160M in bonuses, when we talk about trillions
in stimulus spending? Chump change. Americans don't care, or at least they shouldn't. It's not different than pork-spending, which Chuckie Schumer defended as unworthy of our attention.
Mike had better shut his yap on this if he wants that third term.
I like Mr. Bloomberg like many, but Mr. Mayor needs to understand one thing...AIG and Merryl Lynch are now issues of the state. Period...and what they do is our business. If they hadn't come begging us for a bailout...then it wouldn't be our business. Bloomberg needs to understand, just because you have money..doesn't make u God. At the end of the day..the American people are who make u what you are...that goes for AIG, Merryl Lynch, and u too Mr.Mayor...if Americans didnt listen to Bloomberg Media..well then u sir would not be living the life of luxury. Cuomo is doing what should have been done by the feds...OVERSEEING
Bloomberg is a good mayor overall. But here Bloomberg has literally no control nor should he. The State government and Federal government trump City Government on this issue. Bloomberg can still be Mayor, will have no impact on this issue and will continue to do good for the city of new york.
Bloomberg can speak out on the issue as he sees fit, however he is powerless on this matter at hand. I guess what I really don't understand is what was in his head when he was thinking this and why is he siding with Merril Lynch and Bank Of America. Maybe because Bonus revenue is taxable at the city government layer therefore it would hurt the city in terms of corporate revenues?
Anyone else noticing Bloomberg's ongoing transformation into Montgomery Burns?
Hey Bloomberg - being a friend of the corporate elite when everyone was getting rich because of their little financial bets was a political smart move. Now, not so much. I suggest a pendulum swing the other way to the populist majority if you want to be re-elected by them.
Fuck that - Cuomo for Mayor!!
Bloomberg is looking a lot like Sam the Eagle these days.
http://bnr.mlblogs.com/sam%20the%20eagle.jpg
Where is the outrage against our government!?
Yes,AIG arguing that they need to pay these bonuses to keep the best and the brightest, while these are the same guys who ran the company into the ground, is an insult to the intelligence of all of us.
But on the other hand you have our incompetent elected officials who blindly gave away billions without addressing issues such as bonuses. NOW that these companies ARE giving bonuses, these politicians are "outraged" and "something must be done."
I blame everyone. I blame the banks, Congress, the Senate, Bush, Obama, their cabinets, etc. No one seems to know what to do and its at the expense of tax payers hard earned money. I almost could care less about the bonuses. I care more about the fact that people like Sen. Dodd knew about them and didn't say anything.This confirms my suspicions that they just have NO CLUE.
Cuomo for mayor? Brilliant...his father was a beacon of hope for this state for year. Smart thinking.