Anti-Obama CEO gives employees a raise instead of a pink slip

Question

https://money.cnn.com/2012/11/12/news/companies/ceo-no-layoffs-raises/index.html?hpt=hp_t2

Siegel isn't backing off his gloomy predictions for the economy under Obama's second term. But he said his company, Westgate Resorts, had record profitability this year and he wanted to share the success with employees, most of whom had not gotten a raise the year before.

ilsp2003 · Answer

https://money.cnn.com/2012/11/12/news/companies/ceo-no-layoffs-raises/index.html?hpt=hp_t2

Siegel isn't backing off his gloomy predictions for the economy under Obama's second term. But he said his company, Westgate Resorts, had record profitability this year and he wanted to share the success with employees, most of whom had not gotten a raise the year before.

dl36 · Answer

money talks... BS walks

TheGoldenGoose · Answer

Profit Sharing with the Employees?Sounds rather Communistic.

mattbrot · Answer

I predict that this is just his "save face" maneuver (since his original comments became so public) before he begins to lay people off.

I hope I am wrong and he is genuinely concerned about all of his employees.

dl36 · Answer

u mean like unions

Anti-Obama CEO gives employees a raise instead of a pink slip

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