CEO to Workers: I May Fire You if Obama Wins (Full Version)

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dcnovice -> CEO to Workers: I May Fire You if Obama Wins (10/10/2012 5:14:40 PM)

quote:

David Siegel, the owner of Westgate Resorts, sent a surprising email to his employees Monday.

It said that if President Barack Obama wins re-election and raises Siegel's taxes, he will have to lay off workers and downsize his company - or even shut it down.

"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," he wrote. "Rather than grow this company I will be forced to cut back. This means fewer jobs, less benefits and certainly less opportunity for everyone."

In a version of Romney's "47 percent" remarks, Siegel added that "people like me who made all the right decisions and invested in themselves are being forced to bail out all the people who didn't. The people that overspent their paychecks suddenly feel entitled to the same luxuries that I earned and sacrificed 42 years of my life for."

Story and email at Yahoo Finance/CNBC


So we have one ex-CEO bashing government statistics, though he admits he has no evidence of fraud. Now we have another threatening the jobs of swing-state voters. Impressive bunch we hand our livelihoods over to. Good thing they'd never stoop to fear-mongering, eh?





TheHeretic -> RE: CEO to Workers: I May Fire You if Obama Wins (10/10/2012 5:56:11 PM)

Did you check out the link I posted the other day, DC, where the Administration twisted the screws on Lockheed, and even promised to pay the fines with taxpayer funds, to keep the company from issuing the 60-day layoff notices they are legally required to provide?

Seems like this guy decided he'd better comply with the WARN act.




tj444 -> RE: CEO to Workers: I May Fire You if Obama Wins (10/10/2012 6:02:46 PM)

as long as he still has some money to finish building the Biggest House in America.. 90,000sq ft.. sheesh.. gotta love those crazy Americans.. [:D]




searching4mysir -> RE: CEO to Workers: I May Fire You if Obama Wins (10/10/2012 6:09:49 PM)


quote:

ORIGINAL: dcnovice

quote:

David Siegel, the owner of Westgate Resorts, sent a surprising email to his employees Monday.

It said that if President Barack Obama wins re-election and raises Siegel's taxes, he will have to lay off workers and downsize his company - or even shut it down.

"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," he wrote. "Rather than grow this company I will be forced to cut back. This means fewer jobs, less benefits and certainly less opportunity for everyone."

In a version of Romney's "47 percent" remarks, Siegel added that "people like me who made all the right decisions and invested in themselves are being forced to bail out all the people who didn't. The people that overspent their paychecks suddenly feel entitled to the same luxuries that I earned and sacrificed 42 years of my life for."

Story and email at Yahoo Finance/CNBC


So we have one ex-CEO bashing government statistics, though he admits he has no evidence of fraud. Now we have another threatening the jobs of swing-state voters. Impressive bunch we hand our livelihoods over to. Good thing they'd never stoop to fear-mongering, eh?




He isn't in business to provide jobs. He is in business to make money. If the government is going to make that more difficult, why shouldn't he just shutter the whole operation and retire?




Phydeaux -> RE: CEO to Workers: I May Fire You if Obama Wins (10/10/2012 6:16:12 PM)


quote:

ORIGINAL: dcnovice

quote:

David Siegel, the owner of Westgate Resorts, sent a surprising email to his employees Monday.

It said that if President Barack Obama wins re-election and raises Siegel's taxes, he will have to lay off workers and downsize his company - or even shut it down.

"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," he wrote. "Rather than grow this company I will be forced to cut back. This means fewer jobs, less benefits and certainly less opportunity for everyone."

In a version of Romney's "47 percent" remarks, Siegel added that "people like me who made all the right decisions and invested in themselves are being forced to bail out all the people who didn't. The people that overspent their paychecks suddenly feel entitled to the same luxuries that I earned and sacrificed 42 years of my life for."

Story and email at Yahoo Finance/CNBC


So we have one ex-CEO bashing government statistics, though he admits he has no evidence of fraud. Now we have another threatening the jobs of swing-state voters. Impressive bunch we hand our livelihoods over to. Good thing they'd never stoop to fear-mongering, eh?




Bravo to him. The government already decides to take more than 50% of what many make. When is enough enough?
Its time for Atlas to Shrug.




dcnovice -> RE: CEO to Workers: I May Fire You if Obama Wins (10/10/2012 6:21:48 PM)

quote:

Did you check out the link I posted the other day, DC, where the Administration twisted the screws on Lockheed, and even promised to pay the fines with taxpayer funds, to keep the company from issuing the 60-day layoff notices they are legally required to provide?

As I read it, the issue seemed to be whether Lockheed actually was required to issue WARN notices, given that the January 2 closings are not definite. And your article mentioned that the Labor Department had issued a general legal finding back in July. I don't know how insulated DOL's legal department is from political pressure (believe it or not, folks here actually take that pretty seriously). But I'll grant, for argument's sake, that there may have been some crafty lawyering afoot. Not sure it's quite the smoking gun you see it as, though. I also kinda wonder how many Lockheed employees were Obama supporters anyway.


quote:

Seems like this guy decided he'd better comply with the WARN act.

One of the irksome things about this medium is that you can never tell whether someone's speaking with a straight face. Are you seriously saying that this guy's motivation was the WARN Act? Would it even apply, given that he's talking about things that merely might happen?




DomKen -> RE: CEO to Workers: I May Fire You if Obama Wins (10/10/2012 6:35:52 PM)

quote:

ORIGINAL: Phydeaux


quote:

ORIGINAL: dcnovice

quote:

David Siegel, the owner of Westgate Resorts, sent a surprising email to his employees Monday.

It said that if President Barack Obama wins re-election and raises Siegel's taxes, he will have to lay off workers and downsize his company - or even shut it down.

"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," he wrote. "Rather than grow this company I will be forced to cut back. This means fewer jobs, less benefits and certainly less opportunity for everyone."

In a version of Romney's "47 percent" remarks, Siegel added that "people like me who made all the right decisions and invested in themselves are being forced to bail out all the people who didn't. The people that overspent their paychecks suddenly feel entitled to the same luxuries that I earned and sacrificed 42 years of my life for."

Story and email at Yahoo Finance/CNBC


So we have one ex-CEO bashing government statistics, though he admits he has no evidence of fraud. Now we have another threatening the jobs of swing-state voters. Impressive bunch we hand our livelihoods over to. Good thing they'd never stoop to fear-mongering, eh?




Bravo to him. The government already decides to take more than 50% of what many make. When is enough enough?
Its time for Atlas to Shrug.


A guy who was part of a reality show about building the largest private home in the country, using wealth he derived from selling time shares, is your vision of John Galt?

Maybe the conviction for violating the national do not call list is what did it for you?

Or was it the lawsuit for sexual harassment that he lost?




TheHeretic -> RE: CEO to Workers: I May Fire You if Obama Wins (10/10/2012 6:42:17 PM)


quote:

ORIGINAL: dcnovice
One of the irksome things about this medium is that you can never tell whether someone's speaking with a straight face.



This is true, DC, but one of the few personal details you'll find on my profile is that I'm hard-wired as a smartass.

In his shoes, that would be my story, and I'd keep a straight face telling it.




dcnovice -> RE: CEO to Workers: I May Fire You if Obama Wins (10/10/2012 6:43:50 PM)

quote:

He isn't in business to provide jobs. He is in business to make money. If the government is going to make that more difficult, why shouldn't he just shutter the whole operation and retire?

No one is saying he has to operate at a loss, or operate at all (unless he needs the income to pay off the elevators, of course). Bear in mind, though, that the article notes that Westgate "has never been more profitable." And we all know that presidential "plans" can change quite a bit, or implode entirely, in the hands of Congress. So this "Atlas," as another poster calls him, is far from talking honestly with his employees about economic reality. He's waving specters of what "might" happen if folks don't vote the way he wants them to.

That's his right, of course. Free speech and all that. You're welcome to admire an employer who attempts to instill fear in his staff--and among U.S. voters. And I'm free to think Americans can do a bit better than that.




dcnovice -> RE: CEO to Workers: I May Fire You if Obama Wins (10/10/2012 6:45:57 PM)

quote:

In his shoes, that would be my story, and I'd keep a straight face telling it.

No doubt. [:)]





TheHeretic -> RE: CEO to Workers: I May Fire You if Obama Wins (10/10/2012 6:53:27 PM)


quote:

ORIGINAL: dcnovice

As I read it, the issue seemed to be whether Lockheed actually was required to issue WARN notices, given that the January 2 closings are not definite.



Correct, DC, but that the administration has promised to pay the fines, if the company winds up liable? That's not "crafty lawyering."




LookieNoNookie -> RE: CEO to Workers: I May Fire You if Obama Wins (10/10/2012 7:07:40 PM)


quote:

ORIGINAL: dcnovice

quote:

David Siegel, the owner of Westgate Resorts, sent a surprising email to his employees Monday.

It said that if President Barack Obama wins re-election and raises Siegel's taxes, he will have to lay off workers and downsize his company - or even shut it down.

"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," he wrote. "Rather than grow this company I will be forced to cut back. This means fewer jobs, less benefits and certainly less opportunity for everyone."

In a version of Romney's "47 percent" remarks, Siegel added that "people like me who made all the right decisions and invested in themselves are being forced to bail out all the people who didn't. The people that overspent their paychecks suddenly feel entitled to the same luxuries that I earned and sacrificed 42 years of my life for."

Story and email at Yahoo Finance/CNBC


So we have one ex-CEO bashing government statistics, though he admits he has no evidence of fraud. Now we have another threatening the jobs of swing-state voters. Impressive bunch we hand our livelihoods over to. Good thing they'd never stoop to fear-mongering, eh?




I'm sorry, I clearly missed something relevant here.

How and where did he question any govt. stats?

He simply stated that, as a business person, he was no longer willing to work under a system that took an amount of his earned income that he felt was an abridgement to the efforts he expended or was willing to expend in the future based on said changes.

How does that relate to questioning govt. stats?




DaddySatyr -> RE: CEO to Workers: I May Fire You if Obama Wins (10/10/2012 7:11:31 PM)

quote:

ORIGINAL: TheHeretic


quote:

ORIGINAL: dcnovice

As I read it, the issue seemed to be whether Lockheed actually was required to issue WARN notices, given that the January 2 closings are not definite.



Correct, DC, but that the administration has promised to pay the fines, if the company winds up liable? That's not "crafty lawyering."


Yes! Let's call it what it is: It's the government (President) bribing (with tax payers' money) a company to withhold obligated information until after the election. Sounds like Chicago Backroom politics as usual to me.



Peace and comfort,



Michael




dcnovice -> RE: CEO to Workers: I May Fire You if Obama Wins (10/10/2012 7:11:38 PM)

At the risk of derailing my own thread, the BOL memo says:

Specifically, if (1) sequestration occurs and an agency terminates or modifies a contract that necessitates that the contractor order a plant closing or mass layoff ofa type subject to WARN Act requirements, and (2) that contractor has followed a course of action consistent with DOL guidance; then any resulting employee· compensation costs for WARN Act liability as detennined by a court, as well as attoroeys' fees and other litigation costs (irrespective of li tigation outcome), would qualify as allowable costs and be covered by the contracting agency, if otherwise reasonable and allocable.

In other words, "If our advice leads you astray, we'll take responsibility for it."

Would you prefer that BOL say "You're on your own," spurring contractors to issue warning notices about closings and layoffs that may never actually occur? Whom, if anyone, would that benefit?




dcnovice -> RE: CEO to Workers: I May Fire You if Obama Wins (10/10/2012 7:22:04 PM)

quote:

I clearly missed something relevant here.

No argument there.


quote:

How and where did he question any govt. stats?

The OP refers "one ex-CEO bashing government statistics." That's Jack Welch, late of GE, whose praises you sang in another thread. The next sentence, handily set off by the period, space, and capital letter, says, "we have another threatening the jobs of swing-state voters." That would be David Siegel of Westgate Resorts. Emphases mine. I honestly do not know how to make that any clearer for you.




LookieNoNookie -> RE: CEO to Workers: I May Fire You if Obama Wins (10/10/2012 7:29:50 PM)


quote:

ORIGINAL: dcnovice

quote:

I clearly missed something relevant here.

No argument there.


quote:

How and where did he question any govt. stats?

The OP refers "one ex-CEO bashing government statistics." That's Jack Welch, late of GE, whose praises you sang in another thread. The next sentence, handily set off by the period, space, and capital letter, says, "we have another threatening the jobs of swing-state voters." That would be David Siegel of Westgate Resorts. Emphases mine. I honestly do not know how to make that any clearer for you.


Again, my error....you being the OP, the header being regards a fellow who owns a travel agency (Mr Siegel), nowhere of course with you mentioning Jack Welch (whose praises I indeed did sing in another thread, largely because he'd done something less than 3 other CEO's have ever done as to growth of a corporation...I'm confident Apple and Mr Jobs will equally be pilloried soon enough for similar reasons)...perfectly understandable that I'd have some confusion about your reference to the OP mentioning this person having conflict with govt. stats....since no such (other) person was ever mentioned.....in the OP.

Yeah....of course....makes sense.

Sure.




dcnovice -> RE: CEO to Workers: I May Fire You if Obama Wins (10/10/2012 7:36:08 PM)

quote:

you mentioning Jack Welch

Jack Welch's accusation of fraud was covered widely in the news and got a huge chunk of a thread here, in which you took part.

If you didn't catch a straightforward cultural allusion, that's not my fault.




LookieNoNookie -> RE: CEO to Workers: I May Fire You if Obama Wins (10/10/2012 7:40:30 PM)


quote:

ORIGINAL: searching4mysir


quote:

ORIGINAL: dcnovice

quote:

David Siegel, the owner of Westgate Resorts, sent a surprising email to his employees Monday.

It said that if President Barack Obama wins re-election and raises Siegel's taxes, he will have to lay off workers and downsize his company - or even shut it down.

"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," he wrote. "Rather than grow this company I will be forced to cut back. This means fewer jobs, less benefits and certainly less opportunity for everyone."

In a version of Romney's "47 percent" remarks, Siegel added that "people like me who made all the right decisions and invested in themselves are being forced to bail out all the people who didn't. The people that overspent their paychecks suddenly feel entitled to the same luxuries that I earned and sacrificed 42 years of my life for."

Story and email at Yahoo Finance/CNBC


So we have one ex-CEO bashing government statistics, though he admits he has no evidence of fraud. Now we have another threatening the jobs of swing-state voters. Impressive bunch we hand our livelihoods over to. Good thing they'd never stoop to fear-mongering, eh?




He isn't in business to provide jobs. He is in business to make money. If the government is going to make that more difficult, why shouldn't he just shutter the whole operation and retire?



I would.

As much as I love my employees....when I had to re-mortgage my home in 2001 to keep the company alive, literally paying my staff to work on unprofitable projects because that's where the market was at the time and to stay alive to fight another day....we opted to simply lose less money than the competition, or when they go out and totally fuck up a $25,000.00 job where we should have made 5 grand, but instead lost 12 because they couldn't follow basic instructions....only to have the lead guy come back and tell me "I take full responsibility"....

No he didn't.

He didn't lose any sleep cashing his check when we were under water for 7 months thanks to his and others fuck ups.

He didn't write me a check in 2007 and 2008 when a business couldn't make money even if it had a preferred license from the Federal Reserve to print it's own currency.....and not a damn one of them ever came to me when our profits were losses (23% in 2007 and 2008 each year) and I eventually sold my home in a down market to keep their jobs alive and said "hey boss....I know we're losing money and I really fucking appreciate the fact that you're living on beans and soda crackers so we have a shot...please cut my wages an appropriate amount....I'm in...".

And now that we're doing significantly better and I have a very nice home....I absolutely have no qualms saying..."hey....best offer gets the job...you're too expensive? That's a bummer....guess you gotta go....oh...I'm sorry...you wanted a raise? FUCK....I totally misread what you were saying! However....go fuck yourself".

Waaaaaaaa.




DesideriScuri -> RE: CEO to Workers: I May Fire You if Obama Wins (10/10/2012 7:51:07 PM)

quote:

ORIGINAL: dcnovice
At the risk of derailing my own thread, the BOL memo says:
Specifically, if (1) sequestration occurs and an agency terminates or modifies a contract that necessitates that the contractor order a plant closing or mass layoff ofa type subject to WARN Act requirements, and (2) that contractor has followed a course of action consistent with DOL guidance; then any resulting employee· compensation costs for WARN Act liability as detennined by a court, as well as attoroeys' fees and other litigation costs (irrespective of li tigation outcome), would qualify as allowable costs and be covered by the contracting agency, if otherwise reasonable and allocable.
In other words, "If our advice leads you astray, we'll take responsibility for it."
Would you prefer that BOL say "You're on your own," spurring contractors to issue warning notices about closings and layoffs that may never actually occur? Whom, if anyone, would that benefit?


How about, "Hey, we have these here laws. Follow them."

And, make sure they do. If the law states that you have to give 60 day's notice, you give 60 day's notice of an impending layoff. If sequestration doesn't happen and business isn't cut, the company could always rescind those layoffs.

The Administration doesn't want any bad news right before the election. Lockheed may not be an Obama supporting company, so it's entirely possible that they would do this based on political motives. Neither is the right thing to do (announcing the layoffs because of the WARN Act is one thing, but doing it for political reasons is wrong).

And, here is where things get a bit sticky. We are having authorities telling companies to break the law. WTF is that? It's selective enforcement. That's not law. That's privilege. how is that even possible to be ethical?

To address the OP....

That CEO should have some sort of consequence. That has to be coercion of some sort.




TheHeretic -> RE: CEO to Workers: I May Fire You if Obama Wins (10/10/2012 8:43:59 PM)


quote:

ORIGINAL: dcnovice

Would you prefer that BOL say "You're on your own," spurring contractors to issue warning notices about closings and layoffs that may never actually occur? Whom, if anyone, would that benefit?




Do you find the notion so troubling when school districts issue the layoff warnings before an election, because a ballot measure might not pass?




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