Maybe David Siegel isn’t such an Ebenezer Scrooge.
Last month, the CEO of Westgate Resorts in Florida drew attention for emailing his employees to warn them
that a second Obama term could cost them their jobs.
Some people cast him as a villain, while others said he was a harbinger and a hero.
Well, the election came and went, and Siegel’s horse lost the race. So, how many employee has he canned? None. In fact, it’s quite the opposite.
The CEO, who is attempting to build the nation’s largest private home, told Businessweek
that he gave his employees a boost in their pay.
“I don’t know [if I’m going to lay off anyone]. 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.”
Despite the raises, Siegel isn’t all sunshine and lollipops after the election. He told Businessweek
that he expects a negative business climate in the next four years.