News & Politics

Bloomberg Bonus Babies Catch a Sweet Break


There is apparently no such thing as buyer’s remorse when the city’s richest resident is doing the shopping. Mike Bloomberg will bestow bonuses of at least 20 percent on his campaign aides, the Times reports today, even though the meager margin of victory this produced by his team this November fell almost 15 percent below his mark four years ago.

Two much-relieved members of the Bloomberg 2009 campaign crew told The Times‘ Michael Barbaro and David Chen that the checks are either in the mail or on their way. This means that the First New Yorker, who spent a record $102 million to achieve a puny 4.6 percent victory over a weak Democratic opponent, will be doling out at least $1 million more, the Times says.

Campaign manager Bradley Tusk is in for at least a $55,000 bump on his $274,000 salary; field director Maura Keaney is looking at an added $31,300 atop the $157,000 she’s already hauled in.

The final tally could be much higher since in past years, Bloomberg conferred hefty six-figure bonuses on top campaign aides. We’ll have to await the mayor’s January 15 campaign filing to find out. The move by the mayor to pay extra for even slip-shod performance is directly in line with convetional thinking on Wall Street, where the First New Yorker made his first fortune. The prevailing attitude at the biggest banks and investment firms is that even the most hapless executives deserve end-of-year sweeteners for performances rendered, no matter how woefully inadequate they may have been.


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