Wall Street Bonuses Should be Private, Bloomberg Says

Mayor Mike calls the battle to disclose bonuses "snooping around"

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 AIG 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 that if people work in the privatesector, their salaries and bonuses generally should not be in the public domain.
Adds Bloomberg: "I don't think you'd be wanting somebody
 snooping around in your private life."
The mayor founded the private financial information company Bloomberg LP.

Copyright AP - Associated Press
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