Cenk Uygur
@TheYoungTurks·6.5M subscribers·72.8K videos
Billionaire Terrified Of Obama
Posted
January 11, 2015
Views
152,182
Likes
2,153
Comments
576
Engagement
1.79%
January 11, 2015
152,182
2,153
576
1.79%
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6:22Now Playing"In the lead-up to the 2012 presidential election, David Siegel, billionaire chief of Florida timeshare company Westgate Resorts, sent an email to all employees. “Of course, as your employer, I can’t tell you whom to vote for,” Siegel wrote, but offered “a few facts that might help you decide what is in your best interest.” These included that re-electing Obama would “threaten your job” and result in “less benefits and certainly less opportunity for everyone.”
Just over two years after penning that company-wide email, Siegel informed Westgate employees that instead of layoffs, he would boost their minimum wage to $10 per hour beginning in 2015.
In fact, according to Siegel, 2014 was a banner year. “We’re experiencing the best year in our history and I wanted to do something to show my gratitude for the employees who make that possible,” Siegel said in announcing the wage hike. He also recently told the Orlando Business Journal that “things have never been better.”
* The Young Turks host Cenk Uygur breaks it down.
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