NYC Mayor Says Bailed-Out Companies Shouldn’t Tell Who Received Bonuses

March 19, 2009 - 3:02 PM
Billionaire Mayor Michael Bloomberg has defended bailed-out private companies that don't want to disclose the names of employees who receive bonuses.
New York (AP) - Billionaire Mayor Michael Bloomberg has defended bailed-out private companies that don't want to disclose the names of employees who receive bonuses.
 
The former CEO likened New York Attorney General Andrew Cuomo's battle for information about employee bonuses to "snooping around."
 
Cuomo has subpoenaed American International Group Inc. for its list. Meanwhile, a judge ordered Bank of America Corp. to disclose information about bonuses given to employees at Merrill Lynch & Co. just before the bank bought the brokerage company.
 
Bloomberg said Thursday if people work in the private sector, their salaries and bonuses generally should not be in the public domain.
 
The mayor founded the private financial information company Bloomberg LP.