What now for CEO who said he'd fire employees if Obama reelected?

November 9, 2012, 11:38 am Frederick E. Allen Yahoo!7

CEO who said he'd fire employees if Obama was reelected decides instead to gives everybody a raise instead.


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I reported a month ago that David Siegel, the chief executive of Westgate Resorts, a timeshare company, had sent a letter to his employees telling them that they’d better think twice about who they voted for, because if Barack Obama was reelected he might fire some of them, because “my motivation to work and to provide jobs will be destroyed, and with it, so will your opportunities.”

Well, now that Obama has been reelected, how has Siegel responded?

The billionaire, who is also famous for attempting to build the biggest home in America, a 90,000-square-foot, $100 million mansion, has flip-flopped.

He was interviewed by BloombergBusinessWeek yesterday and said that right after the election he had given all his employees a raise.

Asked first if he’d be laying any of them off, he said, “I don’t know,” but then he added, “I’m going to work my hardest to keep the company going and expand the best I can. We’ll see what happens. Meanwhile I gave everybody in the company a raise this week—the average was 5%.”

Why did he do that? “I wanted to help them handle the additional burdens the government will put on them.” There. It’s President Obama’s fault.

Still, he’s sounding an awful lot more upbeat than earlier. He told Bloomberg, “I sent everyone a nice letter today telling them I’m going to work my butt off to keep things going. I wish them well. I told them how important they are to me and I hope things are going to be better than I expect. I don’t want to fulfill my own prophecy.”

Read his interview with BloombergBusinessWeek here.

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25 Comments

  1. steve05:40pm Friday 09th November 2012 ESTReport Abuse

    Shouldn't this clown be prosecuted for taking away his employees constitutional right to vote for who they want ? your right elnino, he'll get his , hopefully !!!

    Reply
  2. elnino05:35pm Friday 09th November 2012 ESTReport Abuse

    Just another miserable white racist who thinks he is too smart for the world. Don't worry, your time will come.

    Reply
  3. Rajen05:16pm Friday 09th November 2012 ESTReport Abuse

    sounds like a donald trump clone : over supplied in money but under supplied in intellect.

    Reply
  4. cam05:15pm Friday 09th November 2012 ESTReport Abuse

    @Daniel, migrants built this country, the problem was all the convicts

    2 Replies
  5. daniel05:00pm Friday 09th November 2012 ESTReport Abuse

    ..the other issue is Obama taking "the easy out" by pandering to the illegal immigrant population. As we have seen here in Australia allowing large numbers of poor migrants here often equates with importing unemployment as many simply find their way onto government benefits. This then equates to a greater burden on the nation'x taxpayer who have to support them. The problem is further magnified by the greater numbers of children people of poor migrant backgrounds often have. This is a growing problem in all western countries and political correctness needs to take a backseat to properly address this issue.

    4 Replies

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