CEO David Siegel gives raises instead of pink slips
If you remember before the election CEO David Siegel said that if President Obama were to be re-elected he would be forced to lay off employees. Yet instead he has given them a 5% raise just last week while also continuing the construction on his 90,000 square foot home which will be the largest private home in the United states.
David Siegel said this in a statement; “I hope I can maintain our profits. We’re not going to be hiring people or expanding. But my goal now instead of growing is getting out of debt and staying profitable.”
Still, CEO David Siegel still stands behind his own predictions of President Obama’s administration levying taxes and that of Obamacare taking full effect. Though, for now all of Siegel’s 7,000 employees jobs are safe and have received a 5% raise and he is happy to continue building on his 90,000 home. However, Siegel does believe he will have to make staff cuts eventually but for now he has no plans to cut his staff.
“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.”