This past week a CEO, David, whose full name has not been disclosed went on a radio show and revealed that he fired 22 of his 114 employees because President Obama was re-elected.
David told the radio host "elections have consequences" and explained he needs "to survive."
He told the station, “I had to lay off 22 people today to make sure that my business is gonna thrive and I’m gonna be around for years to come.” Going on to say, “I have to build up that nest egg now for the taxes and regulations that are coming my way.”
The company's name has not been revealed either.
If this sounds familiar, it might be because weeks before the election the CEO of Westgate Resorts, David Siegal, threatened to lay off his employees in a company wide email if Obama was re-elected.
Siegal has now come out to say his employees will receive raises after receiving a lot of bad press and probably losing business after the email was leaked.
The company head, who described his workers as “mostly Hispanic,” said that he warned them about a month ago that if Obama won reelection, provisions like Obamacare and extra payroll taxes would force him to make certain considerations in order to keep his business running. Instead of firing workers, other companies, like Papa John's, said they would pass on the costs of Obamacare to consumers.
“David” is one of many CEOs that warned employees of consequences if Obama won reelection. Billionaire and Westgate Resort head David Siegel emailed a memo to his employees in the lead up to the election warning them to vote for Romney or else. But in the wake of Obama’s win, Siegel is saying that he gave all of his employees raises.
Some companies, like Wynn resorts, went even further by giving their employees voter guides. Peter Bos, CEO of real estate developer Legendary Inc., attached his filled-out election ballot, which included a vote for Romney, to his employees paychecks.