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The CEO Letter Heard Around The World "Vote Obama; Lose Your Job"
NewsBusters reports on THE letter from David Siegel, the founder and CEO of real estate company Westgate Resorts on Monday threatened to fire some employees if Barack Obama is reelected and carries out his plan to raise taxes on the so-called rich. The following are highlights from an email message sent by Siegel to his staff that was obtained and verified as authentic by Gawker. "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."
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. [...]
Now, the economy is falling apart and 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. Yes, business ownership has its benefits, but the price I've paid is steep and not without wounds. Unfortunately, the costs of running a business have gotten out of control, and let me tell you why: We are being taxed to death and the government thinks we don't pay enough. We pay state taxes, federal taxes, property taxes, sales and use taxes, payroll taxes, workers compensation taxes and unemployment taxes. I even have to hire an entire department to manage all these taxes. The question I have is this: Who is really stimulating the economy? Is it the Government that wants to take money from those who have earned it and give it to those who have not, or is it people like me who built a company out of his garage and directly employs over 7000 people and hosts over 3 million people per year with a great vacation?
Obviously, our present government believes that taking my money is the right economic stimulus for this country. The fact is, if I deducted 50% of your paycheck you'd quit and you wouldn't work here. I mean, why should you? Who wants to get rewarded only 50% of their hard work? Well, that's what happens to me. [...]
Business is at the heart of America and always has been. To restart it, you must stimulate business, not kill it. However, the power brokers in Washington believe redistributing wealth is the essential driver of the American economic engine. Nothing could be further from the truth and this is the type of change they want.
So where am I going with all this? It's quite simple. 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.
So, when you make your decision to vote, ask yourself, which candidate understands the economics of business ownership and who doesn't? Whose policies will endanger your job? Answer those questions and you should know who might be the one capable of protecting and saving your job. While the media wants to tell you to believe the "1 percenters" are bad, I'm telling you they are not. They create most of the jobs. If you lose your job, it won't be at the hands of the "1%"; it will be at the hands of a political hurricane that swept through this country.
You see, I can no longer support a system that penalizes the productive and gives to the unproductive. My motivation to work and to provide jobs will be destroyed, and with it, so will your opportunities. If that happens, you can find me in the Caribbean sitting on the beach, under a palm tree, retired, and with no employees to worry about.
Signed, your boss,
David Siegel
For those unfamiliar with Siegel, he is the founder and CEO of Westgate Resorts, a real estate and timeshare company.
He and his wife were also the subject of the recent documentary "The Queen of Versailles" about their desire to build the largest home in America.
According to Gawker, they were worth over a billion dollars in 2007, but that could be less now as a result of the real estate bust.
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I'll be happy to see fractional reserve banking and publicly traded corporations go down the crapper, along with all the other subsidized fake bs. Good riddance.
+1 firstdivision.....these a-holes run up the tab, then crater the system, bush-obama have bent over backwards to accommodate their every need..making sure the re-leverging party goes on......and yet its still not enough......all the while making sure the masses are sucked dry and liberties are curtailed in case of backlash.....
WELL SAID! But there won't be any difference between Obomna and Robamney...
My church did this last Sunday, but it was about gay marriage and souls.
Which state, MN mine did the same.
WA
This needs to be exposed as well. It appears that churches generally are taking direction from a central "controller". I am amazed at how many sermons at so many different churches are coming from the same bullet points each week. Who is giving out the bullet points?
Spastica Rex
So your church had a gay marriage and sang a lot of soul songs?
I'm glad you went with the more traditional music instead of say lady GaGa.
"Vote Obama; Become Gay?"
Vote Obama, Lose Your Life!
Benghazigate is not going away. Obama, Clinton, and a whole bunch of financial-political actors should be in handcuffs over this!
http://larouchepac.com/benghazigate-vid
Yeah this guys toast. The press will be all over him like a fat man on a ham sandwich.
Bring on the IRS audit! Magnifying glass to federal subsidies this man received through Fannie/Freddie! Look for preferred loan status from banks connected to politicians in his neck of the woods!
It could be that corporate media is so deeply engrossed in "The Bigbird Protocol" that it might miss this altogether. I have no doubt people on both sides are mulling this letter over and deciding what is the best way to use it to their advantage.
It kills me. The empire is falling apart and these idiots are talking about Big Bird. Just incredible.
bread and sesame street.................
Exactly. Its all a God-damned joke. We come to ZH and other similar sites to keep our fingers on the pulse as best we can - then we look at the MSM and its effin BigBird 24/7. In the backdrop of what's happening to this country, I couldn't think of a stupider issue than that.
Zionists are spinning themselves around like crazy to get Obama out of office, take a look at this nutjob CEO for example. A lot of it has to do with issssrael.
I can't wait for the "elections" to be over.
Yeah, then I can put the cone of silence back in the closet until the next "most important election of my lifetime."
Clown circus.
It's about compounding debt. It has always been about compounding debt. And that system has to end.
But no, it is about gays, guns, 1%, 47%, 99%, etc.
Like I said, clown circus. Without the popcorn and spark guns.
pods
at least the guy tells it like it is. Sure, Romney will be better - and I don't give a FUCK about this "it doesn't matter who wins" bullshit strewn about here.
Sure - both are owned by the shit-eating bankers. Sure; both are puppets for the back room douchebags that really "control" things.
The fact of the matter is that Romney will be a better - ON THE SURFACE - President than the complete fuck up we have in there now.
Obama's a racist fuck up. Period. He's NOT a true American; never was - never will be.
Lock and Load and take no prisoners Beetle.
All this.....over a flag?
As an outsider looking in (I'm not American)...I can assure you that there is NOTHING more "American" than being a racist fuck-up. The only people who don't think so...are Americans.
It doesn't matter who wins in November.
Obama is refusing to go to war. Israel is getting anxious about Iran and Syria. I'm starting to belive that it does matter. Turkey is positioning itself (and by extension NATO) for an attack on Syria. Romney is their guy to make it happen. The cabal is preparing war bond sales across the world to all sides and we're bickering over a guy who scammed thousands and made millions by selling fractional vacation "ownership" which depreciates more than car "ownership" or equity "ownership".
All of Wall Street is a scam. All banks are scammers. Money is their weapon to conquer each and every one of us. They forge it and they deploy it at will. Every man and woman has God given liberties and God given talents. But we are not in control of our lives and our destinies because we are allowing the scammers to play us like puppets.
Obama? You mean the guy that promised us that we would "be in Libya a matter of days and not weeks"? The guy who told Bibbi "the US will always have Israel's back"?
So you are going to replace the guy who is going to take your guns away with the guy who actually DID take your guns away?
Replace the guy who implemented Obamacare wth the guy who INVENTED Obamacare?
Hey, at least it got your heart rate up? That will be good for the apocalyse?
pods
pods - smarten the feck up. Romney's healthcare was STATE wide...not Federal / sovereign based. See the large difference?
The base difference between Obama and Romney is State rights vs Federal.
All the bailouts , credit crunch, and the rest of the economic (and cultural) problems were created based upon FEDERAL mandates (Fannie / Freddie, Dept of Housing , etc..)
States cannot print money, the Fed can. See any differnece yet?
The Constitution is slanted toward States rights over Federal mandates for as feckin' reason.
Romney isn't stopping ObamaCare. EOS.
Yup, but Romney was only a single state Governor. Now he may become President of all States.
SEE THE LARGE DIFFERENCE?
Think much?
WTF are you talking about? Romney's healtcare was not Federal/Sovereign based? The FEDS ain't sovereign.
Telling me to smarten the fuck up then espouse state's rights? You ever heard of Lincoln? Ain't no fuckin state's right left.
I have read the declaration of independence, constitution, articles of confederation, nc constitution, magna carte, etc and cannot see how anyone could support a man who has, in the past, violated the very document he is now pledging to protect.
BTW you have a giant red herring about all our money problems stemming from federal mandates.
It is debt money issued with attached interest that is the problem. Federal spending is used to make sure the aggregate debt does not go down.
Look it up, the last time we payed a dime on the principal was when Ike was in office. Don't trot out this BS about some government mandate to let poor black folks buy a mortgage as being the cause.
pods
This is why you're still a private after fifty years.
Yeah--step back to the 1950's--that'll help.
CNBS did a piece on this and apparently this guy came close to going BK under the weight of massive debts and over spending.
http://finance.yahoo.com/news/ceo-workers-youll-likely-fired-131640914.html
It also says the company has never been more profitable than it is today, so after four years of Obama, is he really getting hurt by him?
More likely he hates Obama for other reasons and wants to see Romney as he'll cut his taxes even more. Purely selfish motives. Just like Sheldon Adelson and his $100 million investment in Romney that will reportedly cut his tax bill by $2 billion over time.
Another right wing douchebag. Another blatant liar.
"CNBS did a piece on this and apparently this guy came close to going BK under the weight of massive debts and over spending."
"It also says the company has never been more profitable than it is today, so after four years of Obama, is he really getting hurt by him?"
You tool.
I'm game. How so? During the Bush years he came close to tapping out. Now he's building the biggest house in the country? What did I miss?
You are advancing the CNBS narrative.
That's it? You insult me over that, quoting from the only source I've seen that dug into this story?
I was looking for information and they had it. I don't see how this furthers their agenda, and I'm no fan of their's either. A couple of them were less than impressed with the guy, so even with their hard right bias, that doesn't seem to be how they played it.
I think you simply ran out of gas before ever getting started.
That is the whole point, tool: THEY DON'T HAVE INFORMATION.
Did they have a reporter visit the building site of this guy's house? Check with the builder to see if he's actually funding it? In less than 24 hours? Nope. CNBS got some talking points (Obama campaign) and repeated them.
And tools repeat the talking points thinking they have information.
I'm done with you.
So you're saying Obama has been very very good for people like him. Yeah, I agree.
big words from a man that prob would have went bust without the bailouts me thinks..........
Bailouts for the needy = Socialism
Bailouts for the wealthy = Capitalism
That's how some are trying to spin it...and there are obviously many here who are stupid enough to believe it.
No country gets the government they want...but every country gets the government they deserve. In this regard, America is no exception.
Bailouts for the poliltically connected = Fascism, Crony Capitalism, Socialism, etc.
No Bailouts = Capitalism
They bailed out holiday resorts? I must have missed that one.
"You see, I can no longer support a system that penalizes the productive and gives to the unproductive. My motivation to work and to provide jobs will be destroyed, and with it, so will your opportunities. If that happens, you can find me in the Caribbean sitting on the beach, under a palm tree, retired, and with no employees to worry about."
That is exactly what I did 4 years ago....I live in Colombia now...had 45 employees...1 now...my caretaker...and I just buy Silver and Gold...drink a lot of beer...and admire the beautiful women down here..Gone Galt
how is it living there, only thing negative I read about is the crime, what is your experience with that?
I recently went to Aruba and plenty of Columbian there on vacation and working, I agree the women are in great shape, dress amazing, friendly/smiling a lot, good looking.
Yeah fucking right... and you still comment on ZeroHedge? Give me a fucking break...
Yep..fucking right...and I like ZH.....
crime down here is not much different than in the USA...they have gangs..petty crime...and of course the FARC..which is now just a big drug cartel..but they have hard working people too...and lots of commodities...food...labor...so its a great country for only 46 million people..
I dont believe you... lie somewhere else...
What else is there to do there? One can only sit on the beach drinking beer for so long and then needs the companionship of his english speaking former compadres. Regardless of what you may have heard, life in most Latin American countries is fraught with boredom, except for those times the locals are shooting at you.
The main effect of that quote, and indeed this whole letter, will be to make his employees hate his guts. "I'm stinking rich. And if I have to pay more taxes, I'll fire every one of you minimum wage housekeepers!"
These people seriously CAN... NOT... HEAR... THEMSELVES.
Never thought about it that way chet, probably how it will be received. I could only imagine the attitudes of the serfs reading how the big bosses Mrs. wanted to build the biggest house in all the land, now we get this.
pods
These ultrarich just become delusional. They have no clue how people see them.
Remember when half of Hollywood threatened to move to Canada if GW was reelected? And then they didn't? That's exactly how I read these letters from billionaires.
You're going to liquidate a company that has made you one of the richest people in human history and go sit on the beach because regulations change? Yeah, sure you are.
The thing is I endorse Gary Johnson because I want Barack Obama and I want this collapsed be so catastrophic that we never revisit this and while I appreciate the sentiment Ill take the collapse at this point.
I have been looking at Johnson, but I saw a video yesterday of him saying that there was a myth going around that the Federal Reserve was a private entity when it fact, the Federal Reserve belongs to us, the people. Now I don't know if he was saying that as a preface to making a point (because the video only showed that part), but that statement baffled me.
I'm sure your children will appreciate the 20 year collapse mitigation period, war etc..
It is going to collapse. You can be damn sure that math cares not who is driving the clown car.
And yes, my children will appreciate that I inform every person who asks why this is going to collapse. Cause my kids are going to be the ones rebuilding. I want them to know how bad we were snookered.
Exponents trump politics.
pods
The empire is crumbling there is nothing that can prevent the collapse.....nothing. I'd rather have it now and get it over with than have it drag out for a generation or more.
And when all the unemployed sheeple stop buying his company's crap, how is that employment thing going to work out for him again? Let me guess, he might request a taxpayer bailout?
Fine with me douchebag, I know the real value of my labor (as in, if you want to eat, pay up), obviously this asshat does not recognize that he might be a bit overpaid.
Hasten the fucking collapse, fine with me, fucking bring it.
Tax the hell out of business has worked in Europe, right?
Funny, no mention of the destructive Fed Reserve policies. Of course this guy was happy to have them financing his "hard work" during the boom years. Leverage is great... until it isn't. In the end, you have got to pay.
Romney can't change that fact.
good post, if only someone on the msm would say that
You vote Obama and lose your Job, unless you're a gov't contractor that the adminstration has strongly suggested to hold off pink slipping their employees until after the election.....and furthermore, the administration has volunteered to reimburse these contractors for penalties they incur with tax payer money.
Hell yes, this time share sleeze is a piker compared to Joe "Ali Baba and the 5000 thieves" Bidenhttp://michellemalkin.com/2012/10/10/missing-in-action-stimulus-sheriff-...
Best thing that could happen to those folks workin for him, at least for the suckers they beat down with their sales pitches. I attended one of those sweat shops for timeshares in LV at the insistence of my wife, the salesman/intimidator was so threatening I was glad to get out of there without going to jail for defending my honor.
"put that coffee down.........coffee is for closers"
A- Always
B- Be
C - Closing
Volunteered? Yeah, they "volunteered" your money.
So we're drinking the Romney Kool Aid and the "lesser of two evils" nonsense?
This is bullshit and pure propaganda. ZH used to be better than posting this drivel.
Yeah - the Ron Paul tards will be puking all over this thread - "OMFG Don't vote"....
Well, if you think your vote for either of those two candidates matters and will change anything, you are still asleep and in deep outer space.
Do some homework on Romney before making a fool of yourself again.
agreed...never forget.
Ex-Powell aide on Romney's foreign policy team: 'These people make me sick'Lawrence Wilkerson, the former chief of staff to Secretary of State Colin Powell, skewered Mitt Romney’s foreign policy team on Monday, saying their policies make his stomach turn.
Wilkerson took particular aim at John Bolton, former President George W. Bush’s ambassador to the United Nations—and now an adviser to Romney.
“The man scares me to death,” Wilkerson, a retired U.S. Army colonel told MSNBC’s Ed Schultz. “He would defeat all the enemies in America and the world—and believe me they’re plentiful—and he’d do it with everyone else’s blood. John is like Dick Cheney, never served a day in his life and wouldn't serve a day in his life … These people make me sick.”
Wilkerson’s harsh rhetoric comes on the heels of Romney’s foreign policy speech earlier in the day, in which the former Massachusetts governor laid out a hawkish approach.
Without offering much in the way of specifics, Romney vowed to prevent Iran from acquiring a nuclear weapon, go after terrorists who attacked the U.S. consulate in Libya, and work to ensure Syrian rebels obtain arms to defeat Bashar al-Assad’s regime.
"Utterly unbelievable, Wilkerson said, blasting Romney as “operating on a Cold War music sheet.”
Asked about former Defense Secretary Donald Rumsfeld’s endorsement of Romney’s speech, Wilkerson declared that Rumsfeld, one of the key architects of the Iraq War “has zero credibility with me and he’ll never regain it again.”
you fergot to massage into your theory the JOOOOOOOOOOOOs did it.
Since you are eager to suggest to all that I am motivated by race hatred, perhaps you might take the time to provide a factual basis for this scurrilous attack on my honor.
TIA sir or ma'am or..........
The one arena where the two candidates may have a substantive difference is in foreign policy, and especially in the Middle East. Something like 2/3 of Romney's team served the GW Bush admin in one capacity or another.
If Obama wins, he will not raise taxes on the wealthy. It will never happen.
All your money are belong to us.
it doesn't matter. the real distribution(upwards) stems from the FED
Don't kid yourself. Everything will be taxed more everywhere.
this guy is in trouble after obama does his hugo chavez on election day
someone has to pay for the gov't kicking the can for 12 years, and massively increasing the Federal Debt. why not those who benefitted most from all that can kicking. to this CEO: FUCK OFF, DOUCHEBAG!!!
"the media wants to tell you to believe the "1 percenters" are bad, I'm telling you they are not. They create most of the jobs."
there are obviously differing viewpoints on this...as another 1%-er(mark cuban) recently said...
"Entrepreneurs who create something out of nothing don’t care what tax rates are. Bill Gates didn’t monitor the marginal tax rate when he dropped out of Harvard and started MicroSoft (btw, it was a ton higher than it is today). Michael Dell didn’t wonder what the capital gains tax was when he started PC’s Limited, and then grew it into Dell Computer. I doubt that any great business or invention started with a discussion or even a consideration of what the current or projected income or capital gains tax was or would be. "
Bingo.
This asshole says vote for the guy who won't discuss his tax plan, yet he claims to be a great businessman.
Step 1: Demand the oppostition reveal their plans.
Step 2: Build a coalition among the disaffected.
Step 3: Bring out child in wheel chair.
I actually kind of like that. +1!
pods
Who is John Galt?
Google it......or Yahoo it....either one will work.
I didn't realize I needed a sarc tag for such an obviously sarcastic remark.
randy, that...
This guy made his fortune skimming off the Fed created home equity bubble. The only reason he is still doing OK is because the Fed and Obama's government are using every trick in their power to keep housing prices artificailly high (yes, they are still way too high) and to keep credit flowing to unworthy borrowers. If Obama ceased providing welfare to the banks and home buyers (Fannie Mae and Freddie Mack buying all home mortagges), not only would the source of extra funds completely dry up effectively killing any new business for him, it would also mean that many couldn't afford to even visit their time shares any more (good-bye maintainance fees).
Were I to receive such a letter I would begin a job search. But this would not be an ordinary job search. You see, your boss just told you there is a 50-50 chance (let's not quibble, its very close) he would be closing shop soon. Who are his contacts? What company assets would make a solid foundation for growth? How many of your fellow employees would you keep if you were the CEO? Then, I'd do some quiet talking to a few ventrure capitalists and get real serious about helping my former boss out the fucking door.
Exactly!
Herd n Slaughter the exponential welfare fucks!!
Timeshare holidays are the biggest rip-off of all!
He's hardly part of the productive side of the economy.
His 7000 employees would probably disagree.
nailed it...and it's worse than you might think. My friend has made a small fortune suckering timeshare owners to list with him for a fee claiming he has "loads of buyers" prepared to buy now!!!
walks them through a few failed sales nabbing extra fees until they wise up...laughs all the way to the non productive bank.
Hope you lock up the silver when this friend comes to visit.
Romney is hepatitus B.
Choomboy is terminal cancer.
Obama is the devil we thought we knew. Countless rumors and allegations and such.
Romney IS the devil. Mormon freakshow and vulture capitalist.
Regardless of what you think about Obama, it's clear this guy is a douchebag.
The giveaway is the crybaby line at the end in which he threatens to retire to a beach if he doesn't get his way.
Americans at their finest.
Look, it's my position that we're finished, no matter who is in the White House. This letter is just more evidence.
i think hes gonna loose his job first. Have fun collecting unemployment you fuckin dushbag. arrogant pos!
technically he cannot collect unemployment: business owners don't qualify for unemployment, as I sadly found out after closing down a business
Actually then can collect if they choose to pay the premium.
I'd love to know exactly what he did. This guy should have been investigated the moment he said this on a nationally televised show.
Hey, he's building the worlds' largest house and sells time shares, he's like Obummer and Algoree, a type A physcopath, conscienciously fabricating lies is their realty.
This article just proves that leaders in business can be idiots too. As if Obaney will make any difference.
Cry me a fucking river... Romney a'int going to help your company or your economy any more that Obama... My communist Canadian government just took 35% of my paycheck directly... Isn't there some tax loop hole this guy can start using or is that only for companies that the Rockefeller's have a stake in??
27% of the 2009 stimulus was TAX CUTS.
There have been NO tax increases under Obama.
The only tax increases Obama has advocated is raising the marginal rate from 35 to 36.9% on incomes over $250k.
This is the same rate it was under Clinton, when we came close to eliminating the annual deficit.
It is lower than the rates under Reagan (50%) and every other President since Roosevelt.
Seems that plenty of businesses were able to succeed during that 50+ period of time. In fact, I remember it as the Golden Age of American enterprise.
So, my friends, WTF is this guy talking about? And why do some of you here buy this shit?
OBAMACARE - BIGGEST TAX INCREASE IN HISTORY OF UNIVERSE - YOU DUMFUCK !!!! FUUUUCCCCCKKKK YOU MOTHERFUCKER!!!!!!!!!!!
You, sir, are truly stupid. And you get on a public forum like this one and tell the world. You should put a sticker on your car alerting the rest of us to pull over when we see you coming.
You're the one that keeps posting how great Obama has been for businessmen like Siegel and then insist Obama is the one to vote for. You're in no position to call anyone else stupid.
Obama insisted Obamacare was not a tax until SCOTUS said as a tax it was constitutional, then all of a sudden Obama says 'yeah, its a tax!"
You, and people like you, either devoted D's or R's, are welcome to post here anytime because its incredibly funny.
Fuck Obama, Fuck you, and the horse you both rode in on.
OBAMACARE - BIGGEST TAX INCREASE IN HISTORY OF UNIVERSE - YOU DUMFUCK !!!! FUUUUCCCCCKKKK YOU MOTHERFUCKER!!!!!!!!!!!
No tax increases under Obama? Do you want a list of those in the ACA alone?
Some, like the 3.5% increase on capital gains, have nothing to do with health care, either.
So, my friend, who has no idea WTF they are talking about?
'Bama was no more in office and he raised cigarette taxes $1.00 a pack.
Congress raises or lowers every tax.
Yes, yes, of course. But the original poster wanted to get away with claiming that Obama didn't increases any taxes. While it is true that the Congress is the principle entity with this authority, to the extent that Obama proposed, was the main cheerleader and quarterbacked the ACA, I think it is fair to respond as I did.
FUCKING HELL it does not fucking matter who the next fucking president is.....they have no control over the fucking supply of fucking debt money DUH! We may as well have Shaun White the snow boarder as the next president at least his hair cut is more interesting...
OK vent over.
So, you gonna vote or not?
No I am going to watch DWTS instead.
If Romney really wants to win then he reads this verbatim at the next debate.
Yeah, I don't Romney either, but I HATE OBAMA (and LOVE RON PAUL). But RP has no chance realistically so I'm going to do my part to keep Obama from winning like Clinton won when Perot was in race. Obama win = getting shot in face. Romney win = getting shot in nuts. I'm voting to get shot in nuts to avoid getting shot in face. A Romney win is a small incremental improvement, and that's the way politics usually goes in the real world. We need a long string of incremental improvements to get back to where we should be.
Westgate Resorts is one of the worst employers to work for, but you can say that about any timeshare company. If I were employed there, I would be thrilled to get laid off and go on unemployment.
Great, another one to suck the hind tit because they don't want to work. Idiot.
Time shares are a fraudulent scam! Their high-pressure sales techniques are just a series of bald-face lies. They've stolen billions from ignorant middle class Americans. In their present form, they should be illegal and their executives should have their fortunes fined away from them and be thrown in jail along with their ilk, Bernie Madoff.
Not sure why I'm supposed to be OUTRAGED!!!!!!!!! at this sort of email from a guy who just wants to keep more of his own cash when I'm pretty sure Obama '12 is sending out the same sort of mailings daily to the FSA, voicing the perceived horror of life under RomneyRyan.
The poor rich people. They are suffering enough.
You just don't get it, do you. No business, no employer = no employees. No employees = no money, unless you want to be on welfare. Once you get to a point of not taking any more, those of us 1%ers who actually create jobs will say fuck it all, close their business' and open another one in another country or just reitre. Leaving all of you dumb asses to fend for yourself. Can you say Cowboys vs Zombies. guess which one you are?
The rats in Congress are getting a free pass while we argue over who should to be the puppet/scapegoat in charge.
How fitting. Maybe the plebs will skip storming the castle and head straight for the gated communities.
Not that anything this guy described makes any sense or holds any truth whatsoever. When the plebs are done with him, he wishes he could have paid his weight in taxes to escape the wrath of the plebs.
No you idiot, he will do exactly as he stated. He will close his business, furlow 7000 employees and retire to the Bahamas. I can envision him sitting on a beach drinking a boat drink while his 7000 former employees go on unemployment while searching for another job which they won't find. Who will the last laugh be on? Those who control the purse strings of those wannabes with a high school education. Fucking socialists. What has this country become. It sure as hell not the country where I grew up. BTW, I am liquidating all my US assets and moving overseas as I've had enough of this bullshit. You guys fend for yourself cause I'm outta here and taking my capital with me.
Don't let the door hit you in the ass on the way out. Unfortunately, for those of us farming several thousand acres, being a coward is not an option.
Keyser, the country you think you remember growing up in was just as much a farce as it is today. Just that we have access to more information and it has become more transparent because of dialogues. I don't care how you made your money but pretty much everyone I call friend makes no secret about how their customers are either a government entity or people who work for the government. Even private sector customers have ties to government.
All of a sudden government spending has become such a scapegoat. You know why? Because the bag is empty and there is nothing left to take out. Now the biggest beneficiaries of government spending are turning against government and threatening all kinds of bullshit. They blew up the balance sheet in the first place and made off with billions!
You think 16 trillion in debt is from welfare cheques and SNAP cards?
If "entrepreneurs" like Siegel go to the Bahamas, I can only say "Good Riddance". Let him try to sell timeshares to the good people of the Bahamas. Good luck with that. But he doesn't have to work anymore, does he? And he's about to downsize and fire half the staff anyway regardless of Obamacare or Obama's 2nd term. He knows that government is broke and that's why he's getting out of Dodge.
What kind of goon downgrades this post?
"My motivation to work and to provide jobs will be destroyed, and with it, so will your opportunities."
If you believe that, I've got a timeshare to offer.
need some tape of this guy for a mash-up...
YouTube - Obama on Romney in 7 Seconds
...
YouTube - Corporations are People: Obama on Romney in 7 Seconds
...
YouTube - Corporations are the Luckiest People! Obama bitch slaps Mitt for being Ridiculous!
Hmm, two propagandist pieces in two days ZH? Real politic propaganda today though. You're boss blackmailing you to vote for the same head of the same Hydra then?
How would this scumbag not have profited thanks to fanny and freddie letting folks take out 125% mortgages to make themselves feel rich, while leeching scumbags like this skim thier two cents through time share?
Oh this fucker profited alright. And now blackmailing his employees is the way to keep this parasite in the comfort he so richly deserves? Come on ZH, leave partisan to the MSM, you must know the bulk of us on here dont buy into the lesser of two evils bollocks.
I said this yesterday, and I say it again. Fuck mittens, and fuck obama. You vote either one of these isreali first cocksuckers and you will get exactly what you deserve. You will get to see you're first born die in Iran for nutnyahoo.
Can you daft fuckers not see this yet?
Agree.
When you vote of 'a lesser of two evils' - its still evil and you WILL be worse off and face diminshing returns....you know...cos its 'evil'!
Who is the poster that constantly posts about moral certainty? He said something the other day about this very issue and got junked horribly but I agreed with him. There is no lesser of two evils. In this election there is evil, and there is evil. Pretending that one or the other of the candidates is somehow going to soften the blow of having someone evil as president is beyond delusional. For both of these candidates its all about power, money, greed, and protecting the bankers. Both of them. You can examine Obama's record the last four years, or you could examine Romney's business behavior and come up with exactly the same conclusion.
Siegel is much too polite. He could learn a thing or two about being direct from now defunct Tiger Oil CEO Edward Mike Davis
http://www.lettersofnote.com/2010/08/tiger-oil-memos.html
LOL...awesome...
Company went bust huh? Surprise, surprise! Halarious bunch of memos.
...by buying and selling real estate? - my this wanker really thinks he is the wealth creator - doesn't he.
We can see the benefits - you can build the largest house in the world for yourself - but please tell us - what wounds - where are they?
If you try to claim that you went bankrupt once - then I shall point out it's a mere scratch as a true wound woud prevent you furthering your business.
These 'entrepenuers' are real lightweights and bullshitters - they actually believe their own bullshit after a while.
I don't know if Obama is right for 4 more years - but I know that this self interested martyrdom seeking asshole is not the best man to tell us who is worthy of running the country.
I mean a lot of America's problems stem from teh housing bubble - a bubble in which Siegel played a large part.
...and like most hypocritical corporatists - he will gladly tell you about your responsibility to pay back what you owe HIM - not so quick to recognise his own failures of responsibility.
Las Vegas, Phoenix, and many other places were nothing without the vision and risk of developers. You are such an ignoramous that you have no idea the skill required to manage or build a 7000 person company. Go back to your late at the coffee shop or are you serving them?
"I don't know if Obama is right for 4 more years - but I know that this self interested martyrdom seeking asshole is not the best man to tell us who is worthy of running the country."Why not? Because you said so? Moron. Yes he is self interested and that is EXACTLY why you should listen to him.
Siegel could no more create a bubble than you could make a coherent argument. People participating in bubbles DONT create them MORON. inevitable MAL investment of magically created money handed out by the GOV creates bubbles. The money is the cause and the cause of the money is government. Try and reverse cause and effect all you want it wont work.
True, so long as the fucker does not get a fucking taxpayer bailout.
Here's a concept for everyone, let bad business models fucking DIE!!!!!!
there is nothing wrong with getting a bailout. it is wrong to advocate that they be given out. it also is wrong to give bailouts. Once they are being given out there is nothing wrong with accepting it.
For starters his last name is SIEGEL and he's not in Hollywood. He's a developer with access to liquidity. His clan owns the banks, the printers and the media to advertise the scam.
Where is the risk being an entrepreneur with unlimited supply of cheap cash and the media to sell your crap to the stupid masses?
the largesse of this man is incredible, he not only employs his filipina maid to clean up the dog crap of all the poms running around the house, but he lets her live in a doll house out on the circular drivway!
would hate for obama to win and for our country to lose another captain of industry.
i think the guy is bluffing.......timeshares are a scam !
This guy can't smell his own crap:
The question I have is this: Who is really stimulating the economy? Is it the Government that wants to take money from those who have earned it and give it to those who have not?
Surely none of the $6 Trillion in deficit spending in the last 48 months made it into HIS bank account.
what's your point? There is no honor in being a martyr. I realize that is probably your excuse for the lack of progress in your life but this is the crappy system we have, live with it.