Topic: I May Fire You if Obama Wins
yellowrose10's photo
Thu 10/11/12 06:29 PM
noway I thought I saw Kristi in here. I had to see it for myself noway

biggrin

yellowrose10's photo
Thu 10/11/12 06:36 PM

Most service type industries, that is hotels and restaurants, barely pay much more than minimum wage except to higher management staff. They certainly do not provide employer paid health care.
If he is already paying for workers health insurance THE AFFORDABLE
CARE ACT is not going to cost him anything.


My niece works for a hotel and she had no insurance coverage other than Medicare

TxsGal3333's photo
Thu 10/11/12 06:37 PM

noway I thought I saw Kristi in here. I had to see it for myself noway

biggrin


Yeah no chit, think I took a wrong turn somewhere...

willing2's photo
Thu 10/11/12 06:43 PM



Those type of places do not provide insurance to their employees. They do offer insurance at a discount to their employees. Which the employee pays for. I have waited tables for too many years to know this is fact.

Believe me for $2.15 and hour you work hard for someone that gets rich and then complains they have to sell their jet which they did not sell in order to not loose their house... whoa slaphead



You have worked for Westgate Resorts?

We have no idea which employees he plans on letting go.

If anyone knows, let me in on it.

From Westgate page.

Westgate Resorts invests in its employees in many different ways. By providing a variety of benefits, discounts, development opportunities and support, we are partners in making your career with Westgate Resorts a positive and rewarding experience. These benefits include but are not limited to:

Health and Welfare
Medical, Dental, Vision, Disability, and Life Insurance


No I have not was actually referring to what you said here....And yes I have worked for Olive Garden..

_____________________________________________________________
(oBummercare is a big tax.

Theses are but just a few who are following suit.

Olive garden,Red lobster, Texas roadhouse, McDonald's and others have announced cutting their workers to part time to avoid paying obamacare. )

Well, Westgate does offer Med plans.

Lpdon's photo
Thu 10/11/12 11:36 PM

CEO to Workers: I May Fire You if Obama Wins

CNBCBy Robert Frank | CNBC – Wed, Oct 10, 2012

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

David SiegelIt 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."

The points are ones that have often been made during this election. But what makes the letter surprising is the source.

David Siegel is the man who, together with his wife, Jackie, built the largest new house in America, known as "Versailles." His story first appeared in my book, "The High-Beta Rich." It then made it to the big screen with documentary film "The Queen of Versailles."

They became symbols of outsized spending, debt and real estate in America.

But when the company started buckling under $1 billion in debt during the crisis, the Siegels' home went into foreclosure and was put up for sale. They cut back on the jet, took the kids out of private school and gave up some of their staff.

So why is David Siegel - a man who defined excess and debt in the 2000s - now saying that debt and spending are ruining the country?

I asked David during a phone interview last night, and he told me that this was about his workers, not himself. He said his own finances have vastly improved. He has paid off all of his major lenders. "I have enough money for the rest of my life and enough to leave a good inheritance for our kids." He said the loan for Versailles is paid off and he's resuming construction on the home.

"The elevators are going in and they're preparing to put in the marble."

The deal with Versailles' lenders, he went on, worked out "better than I imagined," since he was allowed to go nine months without making any interest payments on the loan. Jackie has several offers for a new reality TV show "which we're in the process of ranking and evaluating," Siegel said.

He has learned his own painful lesson from the debt crunch. "We cut back, we're lean and mean. That's what the rest of the country has to do."

[More From CNBC: Why Does Larry Ellison Need a $4 Billion Line of Credit?)


Siegel said he's not acting out of self interest, but for the interest of his workers. While Westgate has never been more profitable, the company has 5,000 fewer workers than in 2007.

He said that if Obama is re-elected and imposes Obamacare and higher taxes, he may just have to let more of his remaining 7,000 workers go. He said he might even shut down the company.

"The combination of Obamacare and taxes would be a disaster," he said." I would probably just call it a day and that would be a disaster."

Siegel stressed that he wasn't out to intimidate his workers into voting for Romney. "I can't tell anyone to vote," he said. But he wants to make sure his workers made an informed choice. "I want my employees to be educated on what could happen to their future if the wrong person is elected."

Below is the full email that Siegel sent to his employees Monday. (Siegel admitted to me that he used a similar email circulating on the web as "the basis" of his own email).

Subject: Message from David Siegel

Date:Mon, 08 Oct 2012 13:58:05 -0400 (EDT)

From: [David Siegel]

To: [All employees]

To All My Valued Employees,

As most of you know our company, Westgate Resorts, has continued to succeed in spite of a very dismal economy. There is no question that the economy has changed for the worse and we have not seen any improvement over the past four years. In spite of all of the challenges we have faced, the good news is this: The economy doesn't currently pose a threat to your job. What does threaten your job however, is another 4 years of the same Presidential administration. Of course, as your employer, I can't tell you whom to vote for, and I certainly wouldn't interfere with your right to vote for whomever you choose. In fact, I encourage you to vote for whomever you think will serve your interests the best.

However, let me share a few facts that might help you decide what is in your best interest.The current administration and members of the press have perpetuated an environment that casts employers against employees. They want you to believe that we live in a class system where the rich get richer, the poor get poorer. They label us the "1%" and imply that we are somehow immune to the challenges that face our country. This could not be further from the truth. Sure, you may have heard about the big home that I'm building. I'm sure many people think that I live a privileged life. However, what you don't see or hear is the true story behind any success that I have achieved.

I started this company over 42 years ago. At that time, I lived in a very modest home. I converted my garage into an office so I could put forth 100% effort into building a company, which by the way, would eventually employ you. We didn't eat in fancy restaurants or take expensive vacations because every dollar I made went back into this company. I drove an old used car, and often times, I stayed home on weekends, while my friends went out drinking and partying. In fact, I was married to my business - hard work, discipline, and sacrifice.
Etc., etc., etc.


More employers need to do this!

s1owhand's photo
Fri 10/12/12 01:47 AM


noway I thought I saw Kristi in here. I had to see it for myself noway

biggrin


Yeah no chit, think I took a wrong turn somewhere...


laugh

drinker

flowerforyou

no photo
Fri 10/12/12 05:55 AM
Sounds like these employees need to go out and find a better employer. At least they've got some warning.

TxsGal3333's photo
Fri 10/12/12 06:36 AM


Well, Westgate does offer Med plans.



Offering them is not the same as paying for them.. Most big company's do offer them same as Darden but the employees have to pay for the preminums........

Something wrong with this picture when smaller company's will take out of their own pockets to help out their employee's.. But yet the big ones want to take away from theirs...

msharmony's photo
Fri 10/12/12 08:24 AM

Sounds like these employees need to go out and find a better employer. At least they've got some warning.



amen

makes me think of an abusive boyfriend

'Im not saying you have to stay with me, but let me tell you what will happen if you dont,,,,'


disturbing,,,

no photo
Fri 10/12/12 08:30 AM


Sounds like these employees need to go out and find a better employer. At least they've got some warning.



amen

makes me think of an abusive boyfriend

'Im not saying you have to stay with me, but let me tell you what will happen if you dont,,,,'


disturbing,,,


It's time for those employees to jump ship as soon as possible.

msharmony's photo
Fri 10/12/12 08:36 AM



Sounds like these employees need to go out and find a better employer. At least they've got some warning.



amen

makes me think of an abusive boyfriend

'Im not saying you have to stay with me, but let me tell you what will happen if you dont,,,,'


disturbing,,,


It's time for those employees to jump ship as soon as possible.



I totally agree


and its a very competitive field so Im sure PLENY of other similar companies would swoop them up,,,,,with them already having direct experience and being 'forced' out,,,,

Chazster's photo
Fri 10/12/12 08:46 AM

Typical one percenter bull crap. The guy's building himself a billion dollar house yet he can't come up with a couple of bucks to pay for healthcare for his workers.
And people wonder why this country is going to hell in a handbasket.

You really think it's a few bucks? Like she said wait staff make Livingston on tips. It doesn't come from salary. If you get $2.5 an hour That's only like 100 a week and insurance is probably over 100. Maybe even a couple hundred. So at least a 25% pay raise to staff all over the US. Prices would be forced to increase respectively.

TxsGal3333's photo
Fri 10/12/12 09:14 AM


Typical one percenter bull crap. The guy's building himself a billion dollar house yet he can't come up with a couple of bucks to pay for healthcare for his workers.
And people wonder why this country is going to hell in a handbasket.

You really think it's a few bucks? Like she said wait staff make Livingston on tips. It doesn't come from salary. If you get $2.5 an hour That's only like 100 a week and insurance is probably over 100. Maybe even a couple hundred. So at least a 25% pay raise to staff all over the US. Prices would be forced to increase respectively.




I worked for the Olive Garden a little over a year ago when I was looking for a job due to bein laid off my paycheck for the week was less then a hundred. At $2.15 and hour it does not go far. By the time they took out for taxes and insurance I did not have a paycheck....I lived off of my tips only...

Chazster's photo
Fri 10/12/12 09:18 AM



Typical one percenter bull crap. The guy's building himself a billion dollar house yet he can't come up with a couple of bucks to pay for healthcare for his workers.
And people wonder why this country is going to hell in a handbasket.

You really think it's a few bucks? Like she said wait staff make Livingston on tips. It doesn't come from salary. If you get $2.5 an hour That's only like 100 a week and insurance is probably over 100. Maybe even a couple hundred. So at least a 25% pay raise to staff all over the US. Prices would be forced to increase respectively.




I worked for the Olive Garden a little over a year ago when I was looking for a job due to bein laid off my paycheck for the week was less then a hundred. At $2.15 and hour it does not go far. By the time they took out for taxes and insurance I did not have a paycheck....I lived off of my tips only...


Yes it could ruin the companies. Not to mention a vast majority are college age people working in restaurants. Not all of course but many for the serves, hostesses,

willing2's photo
Fri 10/12/12 09:22 AM
Does anyone have a clue as to which employees were sent the emails?
Or, has this turned into a waitress rant?

no photo
Fri 10/12/12 09:23 AM

Does anyone have a clue as to which employees were sent the emails?
Or, has this turned into a waitress rant?


You posted the thread, so maybe you can provide us with more info?

TxsGal3333's photo
Fri 10/12/12 09:31 AM

Does anyone have a clue as to which employees were sent the emails?
Or, has this turned into a waitress rant?


Most likely the ones at the bottom while the Ext..that get the big bonus each year stay..

Regardless it all comes down to miss management as far s the money goes... This is not something that just jumps up and bites ya in the arse at the last minute.. If a company is keeping tabs on all that is going out and coming in they would have seen this happening before it came down to this...whoa

Chazster's photo
Fri 10/12/12 10:10 AM
I got laid off last time Obama won lol.

msharmony's photo
Fri 10/12/12 10:59 AM

I got laid off last time Obama won lol.


and siegel opened ANOTHER property and expanded upon two others


I guess he was able to do well under OBama after all, but can probably be even more profitable by cutting the wages he pays his workers and blaming it on 'this administration'



no photo
Fri 10/12/12 11:00 AM


I got laid off last time Obama won lol.


and siegel opened ANOTHER property and expanded upon two others


I guess he was able to do well under OBama after all, but can probably be even more profitable by cutting the wages he pays his workers and blaming it on 'this administration'





Sounds like he's just looking to make excuses for laying off people.