Billionaire CEO threatens to fire employees if Obama wins

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twobear

sputum-flecked apoplexy
Seriously. Do these people think he's going to go all final boss and transform into another form at his second term inauguration or something?

"NOW, behold my TRUE POWER!"
Of course they don't. They have to be marginally intelligent or they wouldn't be in the position they're in. They know that at worst they're only going to be paying slightly more tax. But if they said 'GUYS IT WILL BE A NIGHTMARE ILL HAVE A 5% HIGHER TAX RATE' their ruse would be up, so they have to pretend that Obama's radical socialist policies will tear America apart.
 

JDdelphin

Member
Businesses are saying that if Obama wins, they'll have to fire people and raise prices... yeah, that's awesome.

Scare people into doing what you say because if not bad things are gonna happen.
Then say how you hate terrorists.
 

Funky Papa

FUNK-Y-PPA-4
Fuck, now I know why I remember this David Siegel motherfucker: The Wild Ride of the Wealthier 1 percent
At 90,000 square feet, the Siegels' Versailles is believed to be the largest private home in America. (The Vanderbilt family's Biltmore house in North Carolina is bigger at 135,000 square feet, but it's now a hotel and tourist attraction). The Siegels' home is so big that they bought 10 Segways to get around—one for each of their eight children.

After touring the house, Ms. Siegel walks out to the deck, with its Olympic-size pool, future rock grotto, three hot tubs and 80-foot waterfall overlooking Lake Butler. Her eyes well up with tears.

Versailles was supposed to be done by now. The Siegels were supposed to be living their dream life—throwing charity balls and getting spa treatments downstairs after a long flight on their Gulfstream. The home was the culmination of David Siegel's Horatio Alger story, from TV repairman to chief executive and owner of America's largest time-share company, Westgate Resorts, with more than $1 billion in annual revenue and $200 million in profits.

...

Yet today, Versailles sits half-finished and up for sale. The privately owned Westgate Resorts was battered by the 2008 credit crunch and real-estate crash. It had about $1 billion in debt—much of it co-signed by the Siegels.

The banks that had loans on Versailles gave the Siegels an ultimatum: Either pay off the loans or sell the house. So it's now on the market for $75 million, or $100 million if the buyer wants it finished.

As she stands on her deck in the Florida sun, Ms. Siegel wipes away her tears. "Maybe it will still work out," she says. "It always does, right?"
She does miss one luxury—the Gulfstream. After they defaulted on the $8 million jet loan, the banks seized the plane. The Siegels can use it only occasionally, with the banks' permission.

Recently, the family boarded a commercial flight for a vacation, making for some confusion. One of the kids looked around the crowded cabin and asked, "Mom, what are all these strangers doing on our plane?"
RV-AE694_RICHju_G_20111021192910.jpg


THEY ARE HURTING, OK.
 

SmokyDave

Member
Shaking out my piggy bank to try and aid this poor soul.

I've just put my shoes on eBay. Something needs to be done about this heinous injustice.

They were only occasionally allowed to use their plane after they defaulted on the payments. Imagine that?!
 
Of course they don't. They have to be marginally intelligent or they wouldn't be in the position they're in. They know that at worst they're only going to be paying slightly more tax.But if they said 'GUYS IT WILL BE A NIGHTMARE ILL HAVE A 5% HIGHER TAX RATE' their ruse would be up, so they have to pretend that Obama's radical socialist policies will tear America apart.

No, it's ok they've managed to make that look like a nightmare!!


fox_news_tax_cut_Chart.jpg



Oh my God! Won't somebody think of the poor billionaires!
 

Veezy

que?
it is not true that the only way you can sue is for racial discrimination. political party affiliation is not a protected class (which is not to say this is legal, i dont know the law well enough), but there are several besides just race:

religion, national origin, gender, family status, veteran status, disabilities, and age are all protected classes. there is also something about health, but i am not sure exactly what it is. something like if you have a genetic disease you cant be discriminated against for it, maybe?

edit: removed an extraneous quote

Different states do have different protected classes. What's important to note is that some things are federal and some things are state.

In all 50 states, federal law makes it illegal to discriminate based on:

Race
Color
National origin
Religion
Sex (including pregnancy, childbirth, and related medical conditions)
Disability
Age (40 and older)
Citizenship status
Genetic information

However, back in my homeish state of Tennessee, a hire at will state, state law also prohibits discrimination based on:

Race
Color
National origin
Religion
Sex (including pregnancy, childbirth, and related medical conditions)
Disability: physical, mental, or visual
Age (40 and older)
Use of guide dog

So, some things are doubled up, but some things are shockingly missing. For example, sexual orientation, gender identification, speech made outside of work, political affiliation, etc.. Not that it matters, because since Tennessee is hire at will, so long as I find a creative reason to fire you, there's nothing you can do save applying for unemployment.

No, it's ok they've managed to make that look like a nightmare!!


fox_news_tax_cut_Chart.jpg



Oh my God! Won't somebody think of the poor billionaires!
I gotta give it to 'em, that's so fucking ridiculous I wouldn't have thought they'd do it. But god damnit, if they just aren't the cutest.
 

mclem

Member
I work in the Westgate Resorts Corporate Office Call Center in Orlando. Upon getting ready for my shift yesterday I saw this email in my inbox and read it with my jaw dropped. Just to let you know, I graduated from college with a 4-year degree in 2011, and have been unable to get a job until I found this call center position with Westgate.

Although it's not my #1 career choice, I'm happy to be working. After reading this email from my boss, I am reconsidering my position with the company. Is this a man I want to work under? Someone who threatens my employment if I don’t vote for his preferred candidate? His email insults the intelligence of everyone who works for him.

I got my college degree I can have some security in my life, and now that security is being taken away from me by my current employer. While I am lucky to have a job and a paycheck every 2 weeks, I can’t help but feel my self-respect is at stake by working under this man.

Out of interest, seeing this and thinking further: While Florida's obviously significant, I assume there's a lot of employees of this company who live in states which *aren't* in any way battlegrounds for this election; this email has basically threatened them to contribute to an outcome that they have *no* realistic power over.

Just highlighting another way that this email is *so* great for company morale, there.
 

Monocle

Member
No, it's ok they've managed to make that look like a nightmare!!


fox_news_tax_cut_Chart.jpg



Oh my God! Won't somebody think of the poor billionaires!
They have a chart and everything. Look at how the right bar is so much huger and more biggerer than the left bar. I think the message we can take away from this is that making billionaires pay more taxes is like pushing a refrigerator on a baby. The left bar represents a baby billionaire and the right bar represents Obama cackling madly as he leans his weight into a great big icebox with the force of a linebacker.
 

Septimius

Junior Member
So if this CEO has to pay more tax, he's gonna take more pay so he can keep the same net pay and fire people?

Oh yeah, that's how the system works best!
 

twobear

sputum-flecked apoplexy
My mind is just staggered that there are people who think this is an acceptable process.
It certainly makes for an interesting twist on the fuck me or you're fired thought experiment. I'd like to know what a libertarian thinks, to be honest.
 

thecheese

Member
Out of interest, seeing this and thinking further: While Florida's obviously significant, I assume there's a lot of employees of this company who live in states which *aren't* in any way battlegrounds for this election; this email has basically threatened them to contribute to an outcome that they have *no* realistic power over.

Just highlighting another way that this email is *so* great for company morale, there.

While there are employees spread throughout the US, the vast majority are Florida-based.
 

ReBurn

Gold Member
The thing I love about timeshare companies is that you can get free breakfast and cash money from them, and all you have to do is tour their little vacation resorts. When my kids were really little we were in Florida and we got free breakfast and 4 Disney tickets for sitting through a 1 hour presentation. Another time we were in the mountains and we did it, and they gave us $100 cash.

I wonder if they still do that?
 

Veezy

que?
Does GAF flip out when unions do the same thing?

When unions do..... what exactly? Say they're going to coordinate with management to get a particular employee terminated if he doesn't vote with the rest of his/her union for a particular candidate/provision/bill? Then, yeah, that's insane.

If it's a union telling its member "hey, this candidate is more sympathetic to our cause so you should vote for them since they are less likely to legislate us into the ground" then that sounds more like a union tell its members what candidate is more likely to hurt them in office.
 

Zoe

Member
If it's a union telling its member "hey, this candidate is more sympathetic to our cause so you should vote for them since they are less likely to legislate us into the ground" then that sounds more like a union tell its members what candidate is more likely to hurt them in office.

Isn't that what he's doing here though? He's not asking each person who they're going to vote for. He's not even absolutely saying the company will downsize upon Obama's re-election:

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

That's kind of the nature of business when new policies go into effect.
 

Phoenix

Member
Sounds like he's not filing as a corporation. He's filing under the individual tax code. And he might be serious about having to let people go if they suddenly fall into a different tax bracket.

But to send out a message to all the employees stating this fact to sway their vote should be illegal imo.

Which is way stupid of him. By filing as an individual, his employees will be able to sue him directly for all the money and he would have no protection of corporate status. Possibly the dumbest thing a dumb person could do.

Scrooge_Money_Swim.JPG
 

Veezy

que?
Isn't that what he's doing here though? He's not asking each person who they're going to vote for. He's not even absolutely saying the company will downsize upon Obama's re-election:



That's kind of the nature of business when new policies go into effect.

I'll give you that.

However, when a billionaire says that his company will have to downsize if they get taxed more because they can't "afford" to keep employees, he's being disingenuous at best. It's no secret that unions pull some shit at times, but there's a difference between saying "Dude A will make it so we can negotiate your health care policy and salary" and "Dude B will get you fired 'cause I just won't be able to afford to keep you people" despite the fact that's a lie.
 
Seriously. Do these people think he's going to go all final boss and transform into another form at his second term inauguration or something?

"NOW, behold my TRUE POWER!"

Sadly yes. Since he's not running for re-election in 2016, he's got nothing to lose, so he'll full out ban guns, shut down all conservative websites, pull down all conservative videos on YouTube, start killing off anyone who could oppose him (I hope you don't have a US Veteran license plate, or he'll coming after you first), and so on.
 

gcubed

Member
but yet the brainwashed masses think unions are bad things, we should be subservient to these morons.

American culture is so happy to get fucked in the ass by their employer, and any time they try to stick up for themselves the rest of us say "get to work lazy bastards". I'd hate to see where we would be if this generation was alive 100 years ago
 
Amazing how a ~14-15% increase looks like a 400% increase.

You mean a 4.6% increase, which makes it even more sad.

I really do feel bad for Americans. There's often a genuine interest in setting the country right with new ideas, but this kind of nonsensical, childish mentality of "Spin it! Make it look worse than it is!" really ruins the chances of anything happening without significant resistance.

There's always a huge push to get people to vote, but I think the push she be on people actually being informed on what's being decided.
 

Flo_Evans

Member
Fuck, now I remember why I remember this David Siegel motherfucker: The Wild Ride of the Wealthier 1 percent


RV-AE694_RICHju_G_20111021192910.jpg


THEY ARE HURTING, OK.

Recently, the family boarded a commercial flight for a vacation, making for some confusion. One of the kids looked around the crowded cabin and asked, "Mom, what are all these strangers doing on our plane?"

OMFG. hahaha. I almost feel sorry for the poor sheltered children. Then I remember they are going to inherit BILLIONS and I snap out of it.
 
he means 4.6/35, which is ~13%. this is why people in finance have separate terms for these two concepts. we would refer to it as a 13% increase, or a 460 basis point increase.

As a finance major that regularly interacts with people from other fields, this reads like gobbeldigook to most others.
 

Raxus

Member
They clearly need to more tax cuts for god's sake! How dare they have to suffer the indignity of riding a plane with other people on it!


They sound like a real-life Arrested Development family.

They are crazy rich but I think they deserve an even shake. There is a great documentary called The Queen of Versailles people should check out. It paints them as human beings and just how 'crazy' was put into crazy rich.
 
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