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CEO Who Predicted Layoffs Gives Raises Instead

January 5, 2015By Taegan Goddard11 Comments
In the lead-up to the 2012 presidential election, Think Progress reminds us that Westgate Resorts CEO David Siegel sent an email to all employees: “Of course, as your employer, I can’t tell you whom to vote for” but he noted that re-electing President Obama would “threaten your job” and result in “less benefits and certainly less opportunity for everyone.”

Two years later, Siegel informed employees that he would boost their salaries because 2014 beat all expectations: “We’re experiencing the best year in our history and I wanted to do something to show my gratitude for the employees who make that possible.” He told the Orlando Business Journal that “things have never been better.”


Eric D. Schwerin
Rosemont Seneca Partners, LLC
1010 Wisconsin Ave., NW
Suite 705
Washington, DC 20007
(202) 333-1880
eschwerin@rosemontseneca.com
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