Posts Tagged ‘David Siegel’

That’s a Nice Little Job You Got There…

Tuesday, October 9th, 2012

…it’d be a shame if something happened to it.

Yesterday, billionaire Westgate Resorts CEO David Seigel sent his employees a letter threatening their jobs if President Obama wins reelection.

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…

He whines for a while about how hard he worked and scrimped and saved while his friends – and by implication his employees – chose to have a life instead.

…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, isn’t it terrible that people think they should have food and shelter?

Mr. and Mrs. Siegel suffered a setback to their perfectly normal, everyday lifestyle when the market crashed in October 2008. That would be before Mr. Obama was elected. The market hit bottom a couple of months after the inauguration but has since bounced back almost entirely. As Mr. Siegel notes in his letter, Westgate Resorts is doing just Buy Cialis fine, but he can’t help but moan about how he has suffered:

Even to this day, every dime I earn goes back into this company. Over the past four years I have had to stop building my dream house, cut back on all of my expenses, and take my kids out of private schools simply to keep this company strong and to keep you employed.

About that dream home – it was intended to be a 90,000 square foot house. Not NINE thousand – NINETY thousand. The whole thing was so ridiculously tacky and over the top that someone actually made a documentary about it. Among other things, the trailer tells us that, despite being 30 years older than his wife, Mr. Siegel doesn’t need Viagra.

Pardon me while I go bleach my brain.

Mr. Siegel, not one for subtlety, makes himself quite clear toward the end of his missive:

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.

That’s right. If the eeeeeevil government takes one more dime of his money, he’s going to make sure his employees pay with their livelihoods. “We’re the most profitable we’ve ever been,” says he, but it takes a lot of Benjamins to finish that dream house. He’s planning to put it on the market for the modest price of $100 million.


After some intrepid readers noticed that Mr. Siegel’s letter resembled a discredited internet tome your crazy uncle sends out via mass email, he admitted that he used said letter as a “guideline”. You just can’t make this stuff up.