NEW YORK (AP) -- Mayor Michael Bloomberg is defending pharmaceutical companies and their CEOs, declaring that they "don't make a lot of money" and shouldn't be scapegoats in the health care debate.
The billionaire mayor made the comments on his radio show Friday.
Abbott Laboratories Inc. Chairman and Chief Executive Miles White's compensation was $25.3 million in 2008. Schering-Plough Corp. Chief Executive Fred Hassan's was $16.2 million.
The mayor is running for re-election and often battles criticism that he is out of touch with regular people.
It was clear someone realized his gaffe during the radio show. After a break, Bloomberg said he looked up the pay of some pharmaceutical executives, acknowledging some do make a "decent amount of money."
Photo from AM-NY.