David Siegel, Billionaire Whose Letter Promised Mass Layoffs After Obama Win, Gives Workers Raises
Source: Huffington Post
David Siegel, Billionaire Whose Letter Promised Mass Layoffs After Obama Win, Gives Workers Raises
The private timeshare mogul and Mitt Romney supporter who swore mass employee layoffs if President Barack Obama won reelection has had a change of heart.
Earlier this year, David Siegel, the founder of Central Florida Investments and Westgate Resorts, emailed a letter to his employees warning them to vote for Romney or else. However, after Obama won the election on Tuesday, instead of firing some of his 65,000 employees, Siegel decided to give them raises.
Read more: http://www.huffingtonpost.com/2012/11/08/david-siegel-westgate-letter-layoffs-firings-obama-win-victory-raises_n_2092582.html?ir=Politics&ncid=edlinkusaolp00000009
thought he was full of it! (sorry for any duplicate posts)
SheilaT
(23,156 posts)complain because he's so obviously a hypocrite or praise him for giving raises.
valerief
(53,235 posts)sickwidit
(19 posts)Just the sheer audacity to threaten employees should serve as a warning to anybody seeking employment at any of his businesses.
good question, i was thinking the same thing
still_one
(92,216 posts)OKNancy
(41,832 posts)I think he thinks his employees "disobeyed" him so he is doing some ass-covering
DonViejo
(60,536 posts)Isn't he one of the business owners that reportedly phoned Romney HQ's in a panic because of the backlash to his threat? R's HQ told him not to worry "it happens all the time" or words to that effect. But, he's worried and goes to plan B anyhow: CYA.
maddogesq
(1,245 posts)I will be keeping my eye out for lawsuits pertaining to worker intimidation. Pass the popcorn.
HuckleB
(35,773 posts)Any employee who can find a better job elsewhere is bound to leave after the boss offers up a threat like that. The raise is his attempt to keep people on board.
Scuba
(53,475 posts)lilithsrevenge12
(136 posts)BouzoukiKing
(163 posts)...his employees are wealth creators.
Hence... unions.
valerief
(53,235 posts)cyclezealot
(4,802 posts)A Private Time Share Mogul. This is what passes for Capitalism in the US today.. Of course his side line is probably a hedge fund manager. ?. Pretty much , so many of the current US titans of industry are little more than Mary Kaye scams.
HuckleB
(35,773 posts)leftyohiolib
(5,917 posts)off to other jobs. they should all just quit
adieu
(1,009 posts)of people getting customers to buy time shares (think Glengarry Glen Ross). The thing is, it's easier now for his employees to look elsewhere for work. They should consider going elsewhere to work and say a big, "F-U" to this guy.
freshwest
(53,661 posts)global1
(25,251 posts)1StrongBlackMan
(31,849 posts)this time-share mogul could support a romney president ... millionaires don't buy time-shares; upper-middle incomed, working class folks do.
Median age, head of household = 53
Median household income = $85,000
84% are married
95% own their home
46% attended college
30% hold a graduate or professional degree
http://www.bluegreenonline.com/explore/learnIndustry.aspx
UtahLib
(3,179 posts)I believe that the employees threatened by CEO republican thugs made a point of voting for President Obama. Even if I hadn't planned on voting Democratic in the first place, I know that if someone threatend me in that manner and tried to corrupt my voting rights, I would have voted in opposition to their directive if I had to crawl to the polls to do it. I'm so happy their disgusting threats backfired on them.
progressivebydesign
(19,458 posts)suddenly there is a demand again. His republican posturing was stupid, and i suspect it was more about his PERSONAL fortune, than his business. We have to remember that most of these guys have made their fortune already, and can just sell if things got bac enough, and still be filthy rich. The CEOS and owners that did this, like the Koch Bros, KNOW that the Democrats are great for business, etc. THey just want their PERSONAL taxes cut down to nothing.
Remember Siegel and his wife were on a reality thing about how they're trying to build the largest home in America.. the Queen of Versailles.
I long for the 80s when the billionaires paid their fair share, hell even the 90s would be fine!!!
Baitball Blogger
(46,727 posts)caveat_imperator
(193 posts)lovuian
(19,362 posts)I think he got a reality check
this is a democracy and the people rule here not a 1%
the Occupy Movement won big
defacto7
(13,485 posts)He made comments that could be damaging in court. Now he has to cover his ass so he can't be investigated over those remarks. If Romney had won, he wouldn't have given them the raise because there would be no repercussions over those same remarks.
Ironic, isn't it.
JackN415
(924 posts)surrealAmerican
(11,361 posts)... that these raises were probably planned all along, and he just delayed them until after the election so as not to "boost" the economy (which might make the president look better)?
Javaman
(62,530 posts)after he put his foot in his mouth, his already failing business took a hit when people called him on his bullshit.
To paper over his colossal stupidity, he went into panic mode and not only gave them raises but made sure everyone knew about it.
This guy is a prick, plain and simple.