Last month, David Siegel, the CEO of Westgate Resorts, sent his thousands of employees a very ominous letter warning them that if Barack Obama was reelected, it could "endanger your job," and that "If any new taxes are levied on me, or my company, as our current President plans, I will have no choice but to reduce the size of this company." So... has everyone been fired, yet?
Are you going to lay off employees as you suggested in your memo?
I don't know. 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 percent. I wanted to help them handle the additional burdens the government will put on them.
Not layoffs... but raises. It's almost as if the CEO who tried to build himself America's largest house is prone to exaggeration. On the other hand, this anonymous (obligatory grain of salt warning) business owner in Las Vegas told KXNT's Kevin Wall that he is laying off 22 of his 114 employees ("mostly Hispanic") as a direct result of the election, because "I have to build up that nest egg now for the taxes and regulations that are coming my way." Righto.