Mayor Mike’s chances for stealing a third term improved greatly last night when it was reported that Ron Lauder decided to support the Mayor’s call for lenghtening term limits.
Why did the pro-term limits cosmetics heir do it?
After an “emotional” hour long conversation, Lauder was told that he “will be appointed next year to a Charter Revision Commission with the authority to return the law to the eight-year limit.” So after Bloomberg gets re-elected, Lauder could change the law back to the way it was.
For all of Bloomberg’s love of openness and transparency, he sure seems to be doing a lot of secretive deals to get this third term.
NY Times: The billionaire who threatened to block Mayor Michael R. Bloomberg’s path to a third term has backed down.
Citing a “financial emergency,” Ronald S. Lauder, the cosmetics heir who twice financed referendums setting a limit of two terms for city elected officials, said Wednesday afternoon that he would “reluctantly” support a plan by Mr. Bloomberg to extend the maximum number of terms to three.
NOW WATCH: Briefing videos
Business Insider Emails & Alerts
Site highlights each day to your inbox.