CEO behind Park City resort says to expect layoffs if Obama wins

Return To Article
Add a comment
  • A Scientist Provo, UT
    Oct. 11, 2012 8:46 p.m.


    "The problem with Opinion Polls and this sort of comment board is that few if any of the respondents are business owners."

    Speak for yourself.

    And how would you know that, anyway? Are these more "Republican Facts" that have been invented for our entertainment, and are only temporary (see "Best Before" date)?

  • MormonDaddy SLC, Utah
    Oct. 11, 2012 6:39 p.m.

    The problem with Opinion Polls and this sort of comment board is that few if any of the respondents are business owners.

  • Ultra Bob Cottonwood Heights, UT
    Oct. 11, 2012 4:22 p.m.

    lost in DC

    A person has to play the cards he has been dealt. In my case that means that my being has been effected by the racism of people in the United States. But only for the last 70 years or so.

    I do not believe racism toward black people stopped being a major consideration in the personal feelings of people. For most of us there was nothing we could do about the laws that sought to equalize the opportunities and we settled into an acceptance. But for the rich and powerful the laws were just regarded as challenges to be bypassed.

    The bad economy is blamed on President Obama. Yet from my point of view he seems to have done much to satisfy the republican wants. He even abandoned his supporters and allowed his name to go on a health care bill that is more like what business wanted rather than the reform desired by the American people.

    I cannot find any logical reason for the businessmen to hold back their investments and jobs. So I am left with the suspicion that the reason is hidden and not to be spoken.

  • lost in DC West Jordan, UT
    Oct. 11, 2012 3:53 p.m.

    I guess you missed it, but the SCOTUS decided last June that Obamacare was a tax.

    sorry for the typos
    ahve? ouch
    prifit? oh my!
    exepmt? geez louise!

    did a quick google search for average corporate profit margins. Best I could find was 3/13/11 from Bloomberg that said average corporate profit margins for 2011 were forecast to be 8.9%, whack that down by 300 bp to 5.9%, and you see that the 3% tax increase reduces the corporate profit margin by 33.7%. so yeah, it's significant, especially to the small business owner who has to leave most of the income in the company.

  • iNKSpot Wilsonville, OR
    Oct. 11, 2012 12:27 p.m.

    This kind of threat is the same kind that McKinley supporters used against William Jennings Bryant. When are we going to come into the 21st Century?

  • pragmatistferlife salt lake city, utah
    Oct. 11, 2012 11:08 a.m.

    Lost..what taxes? The only taxes that are proposed..again proposed, is an increase in the marginal rate to 39% from 35%the rate businesses were paying ten years ago when you couldn't get in their doors they were so busy. There are new fees on various medical field businesses (and their profit margin is not 3%, it's multiples of that), not on the corner fact..there are specific tax breaks if they decide to provide health care for their employees. So truth no new health care taxes only tax breaks for small businesses.

    By the way the increase is not taking 3% more from the business it's a three percent increase in the marginal rate..go look it up.

  • lost in DC West Jordan, UT
    Oct. 11, 2012 10:51 a.m.

    businesses with 50 FULL TIME employees may be exepmt from Obamacare, but their owners will still ahve to pay the taxes to support it. It just means, like Red Lobster and Olive garden, they will cut their full time workers' hours so they are part time.

    I M LDS 2
    why are prifits high? cutting costs.
    a 3% return on sales is high for many businesses. taking 3% more from them would make many insolvent, there is not much else to cut - except personnel expense.

    hahahahaha!!! the tired old race card? that's the best card you have in your hand?

  • one old man Ogden, UT
    Oct. 11, 2012 9:13 a.m.

    What is truly frightening is that so many people posting here are gullible enough to agree with this guy.

  • Ultra Bob Cottonwood Heights, UT
    Oct. 11, 2012 8:57 a.m.

    If only this response to a black president was an unusual thing. But the facts are that millions of businessmen have exhibited the same attitude over the last 4 years. They have withheld investing and hiring in a deliberate campaign to defeat President Obama.

    Further, it seems that the campaign was not the work of an organized effort by a group or party, it was just the left over hate from the days of segregation.

  • Hutterite American Fork, UT
    Oct. 11, 2012 8:51 a.m.

    Instead of going after his staff I'd like to see him hold his breath until he gets his way. That's more like the behaviour of a six year old that this guy seems to want to emulate.

  • pragmatistferlife salt lake city, utah
    Oct. 11, 2012 7:59 a.m.

    Terry, large businesses are going to shut their doors if Obama is re-elcted..seriously, I mean seriously. Report after report shows record profits for large businesses from banks, to cars, to many retail companies. Of course the profits are being made on the backs of employees and consumers..but they have money. Closing really? If large corporations were on the verge of closing, the stock market would not be at 13K+ it would be in the tank.

    Secondly, this whole Obamacare is going to crush small business is a pure lie. Businesses with under 50 employees are exempt..which includes almost 90+ % of small businesses, and it includes 100% of the businesses portrayed by the right as going to be crushed (the corner bakery, the auto repair shop, the landscaper etc.). What you can count on is if Romney is elected 30 years of wage inequality, 30 years, of opportunity decline, and 30 years of educational decline will continue. Plus oh by the way will lose your right to equal pay, and your right to make decisions about your own health.

  • KSUBYU Las Vegas, NV
    Oct. 11, 2012 7:23 a.m.

    Telling employees the reality of possible layoffs is a very good thing to do. Some of the liberals out there may think this is trying to influence the election but these employees need to make plans for Christmas and beyond. Will they have a job or not. Not sure where all his properties are located but he is not influencing anything in Utah. Also layoffs are not the same as getting fired. If they get laid off they will just be added to Obama group of getting unemployment and food stamps.

  • I M LDS 2 Provo, UT
    Oct. 11, 2012 6:04 a.m.


    If margins are so tight, and this three percent is such a problem, then why are corporations making record profits? Unemployment is still high, but business owners are raking in the profits... What is wrong with that picture?

  • Terry Sandy, UT
    Oct. 11, 2012 12:09 a.m.

    That businessman is only being honest and giving his employees a heads up so they know what to expect if Obama's policies keep going in the next 4 years. If you think this is an isolated case, you are mistaken. I work for one of the largest private finance companies in the country, my sales staff calls hundreds of large corporations daily offering our lending/equipment finance services and dozens of CFO's each month tell my staff that they are barely hanging on to see if Romney gets elected or if Obama gets re-elected. If Obama is re-elected, they will promptly close their doors. Under Obama, we now have the highest corporate tax rate in the world and Obama wants to raise taxes and costly regulations further and further. (plus Obamacare will just skyrocket small business insurance costs!) We are on the same path as Greece and Spain (bankrupt governments with 50% and 25% unemployment and Obama does not understand even basic economics to change paths and won't stop his unprecedented budget deficits until he spends us to that same path!

  • Patrick Henry West Jordan, UT
    Oct. 10, 2012 11:12 p.m.

    So he wants to retire in the Caribbean? I think he is doing well off for himself. Most seniors struggle to make ends meet. I sure hope I can become wealthy enough to tell my LAZY good for nothing employees that I'm going to retire to a tropical island.

  • NeilT Clearfield, UT
    Oct. 10, 2012 10:55 p.m.

    I have never heard of him and hope to never hear from him again. His employees should join together and file a class action lawsuit against him. In a democracy people should be free to vote their conscience without fear of retaliation. Comes across as nothing but an egotistical bully.

  • TRUTH Salt Lake City, UT
    Oct. 10, 2012 9:51 p.m.

    No Romney Ryan sign......but I do have my empty chair with a video cassette on the seat on the front lawn!

    I too am firing my staff if Obama is elected.......

    GO MITT!

  • JMT Springville, UT
    Oct. 10, 2012 9:25 p.m.

    Quick note about Obamacare. Are you aware there is a 3% tax on all income property? While this sounds fun think about the margins, certainly in todays realestate market.

    You put a home on the market, pay a realtor 6%, possibly even cover some of closing costs on top of that in order to incentivize someone to buy it in todays market. Now, you pay another 3%. Most people are struggling to break even, let alone make a profit. Adding a 3% tax on income properties will hammer investment properties. For a business like his, almost entirely reliant on investment buyers, it will destroy it.

    I know, we like to villify the very people that pay roughly 75% of all taxes in America as the evil people who don't pay enough. So we jack another 3% on their investment properties because dang them, they need to pay more! At some points margins just disappear and people stop buying and selling. This is what is faced here.

    And on top of the 3% targeted at businesses just like his, we have the Democrats wanting to raise income and corporate franchise taxes on people like him.

    It destroys him? Shocker!

  • JMT Springville, UT
    Oct. 10, 2012 9:06 p.m.

    As part of the budget deal cut last year there is an automatic cut in defense spending. As part of that law the Democrats included a provision that all employee reductions required the firms in question to submit 'red slips' 60-days prior. This was done as its own election threat. They thought it would cause these voters about to be fired to vote for Obama. Now they realize that over 100,000 'red slips' will go out days before the election, and the Dems are bragging about cutting defense. Now Obama and crew have begged these defense firms to NOT submit the slip as required by law, the law they put into place. The most recent, they will pay the fines for violating this law.

    Now we have a large private employer who insists that he is going to pass along all tax increases to his company, which will result in people losing their job. Lots of statements going around about the harm of Obama's re-election.

    Clearly, the Obama team is bad for America, and their own actions even show this.

  • Lehi'i Lehi, UT
    Oct. 10, 2012 8:49 p.m.

    Wow, so if I were thinking of buying a Westgate time share I think I would wait until after the election. Statements like this are not brilliant.

  • WHAT NOW? Saint George, UT
    Oct. 10, 2012 8:20 p.m.

    I would love to say hello to this CEO.

    When will he be in Park City to meet with customers?

  • Sophie 62 spring city, UT
    Oct. 10, 2012 7:23 p.m.

    Romney is going to take Utah no matter what this guy says.
    So his employees here at least have no control over the election. For him to threaten them before he even sees what happens with the economy after the election is really low.
    He's only guessing about the future.
    If he want to go to some island and sulk, if Obama wins, fine. But to lay people off or fire them for something they have no control over, without even giving the future a chance - well, that's being in it all for himself. He's the kind of CEO who gives corporations a bad name.

  • procuradorfiscal Tooele, UT
    Oct. 10, 2012 7:12 p.m.

    Re: "Twice as many business executives . . . say the global economy will prosper better if . . . Obama wins . . . a poll showed on Friday."

    Like I said -- All businessmen know Obama will kill off private business. Only a few are brave enough to say so.

  • DaveRL OGDEN, UT
    Oct. 10, 2012 7:01 p.m.

    It shows the level these guys will go to get their way. Bulling employees to get their way is as low as it gets.

  • rick122948 boise, id
    Oct. 10, 2012 6:10 p.m.

    Sift and winnow, winnow and sift. There is so much misinformation and political posturing going on out there no one seems to realize America has a serious problem and we keep electing Republicans AND Democrats with one purpose in life to get elected and accomplish nothing substanitive while in office. We need to elect a senate and a house that will put the interests of our country and our grandchildren ahead of short sighted politicking and greedy self interest. When are we going to insist on an end to gridlock in DC and elect problem solvers not more problem creators.

  • Henry Drummond San Jose, CA
    Oct. 10, 2012 5:52 p.m.

    This is what happens when you hire Marie Antoinette as your Vice President of Human Resources.

  • Shimlau SAINT GEORGE, UT
    Oct. 10, 2012 5:28 p.m.

    What strikes me as comical is how many people in this forum say the man is trying to blackmail or extort his employees to his way of thinking. All I read was that "if any new taxes are levied on me", he will have to lay some people off/reduce the size of his company/ies. how is that forcing his employees to "vote his way"?

  • Belching Cow Sandy, UT
    Oct. 10, 2012 5:25 p.m.

    There's going to be a lot of companies laying people off if Obama is elected. They won't have a choice. The company I work for is one of those. We are loosing money for the first time ever this year and have been in business over 20 years.

    The title to this article was ridiculous. Being fired is a lot different that being laid off. This article is talking about lay offs not firing.

  • fangflyer LAKE WALES, FL
    Oct. 10, 2012 4:55 p.m.

    The statement by Mr. Siegel may seem harsh, but this is the most critical election in the history of our Republic. A vote for the Progressive-Socialist-Democrats is a vote that will reduce our freedom, and will erode our economic system. President Obama has not had the best interest of the Republic on his mind during the past four years, and it is time to replace him with someone who cares about this nation. There is ample evidence in the Obama record to indicate his motives, and all are sinister. November 6, 2012 is as critical day in the history of our nation and the Republic, as July 4, 1776!

  • Shaun Sandy, UT
    Oct. 10, 2012 4:32 p.m.

    Obama the dictator renewed the tax cuts and cut taxes further with 2 percent from fica. Obamacare is modeled after republican ideas.

    How far to the right do you want this guy to go?

  • kargirl Sacramento, CA
    Oct. 10, 2012 4:30 p.m.

    If this story were about a left-leaning owner, or the story about standing miners behind a candidate with the resulting pay loss, or requiring salaried employees to make predetermined political contributions, no matter what, the left-leaning individuals and/or candidates involved would never hear the end of it. Funny how some groups don't seem to mind when the conservatives do these things.

  • WillTheWolf SALT LAKE CITY, UT
    Oct. 10, 2012 4:30 p.m.

    So if I had said this . . . having been unemployed since May 1st and knowing my prospects of getting a REAL job will be nil if Obama wins the election . . . would it carry more weight than having been said by a 1%er?

  • Hutterite American Fork, UT
    Oct. 10, 2012 4:25 p.m.

    Sorry for his employees but if this is the way this guy runs his business and now to threaten staff...I'd kind of like to see it happen. Maybe if we'd have gotten proper single payer health care coverage and took that monkey off the employers' back it would have helped, eh?

  • kimnprovo Orem, UT
    Oct. 10, 2012 4:23 p.m.

    Knee jerk reactions from those who've not read, not researched and not learned to think for themselves. Truly sad.

  • Brave Sir Robin San Diego, CA
    Oct. 10, 2012 4:22 p.m.

    Every medical device company in America is saying the same thing. Thanks to the Medical Device Excise Tax, which takes effect Jan 1, we are laying off 5% of our work force. The list is already made. The only way these unfortunate employees will still be employed next year is if Romney wins and manages to repeal Obamacare.

  • DN Subscriber Cottonwood Heights, UT
    Oct. 10, 2012 4:22 p.m.

    He has given hundreds of people jobs for years.

    People may not like the realities of the economy, but that does not make this guy some sort of demon for warning people about what will happen.

    When the costs to hire someone exceeds the profit that they can produce, employers have no choice but to change something. (Unlike the federal government which just prints money or borrows it or raises taxes!)

    Just like you or I may decide it is not worth it to work any more if our hourly wage is cut below our current pay, say from $250 (for lawyers) $50 for plumbers, or $10 for fast food workers, company big wigs have the same option. Why should they work long hours, risking their life savings, and put up with all the governmental hassles for a lot less than the are used to making?

    Therefore, we will see many companies cut costs, or go out of business.

    Anyone complaining about how this is unfair is free to start up their own company and absorb all the added costs being imposed by Obama, until they too work for nothing and stand to loose everything they invested.

  • kimnprovo Orem, UT
    Oct. 10, 2012 4:21 p.m.

    I would suggest you read the entire email which he verified that he did send out. I believe if you'd take the time to research instead of just believing all which the media presents, you'd be a wiser individual.

    A quick google search will result in many links where the email can be found in its entirety. His points are valid and as a privately held company his claims of being beaten down in the media as the evil 1% are true.

    When you look at most of the economic woes in our country right now they have been exaccerbated by the current administration even though they have led the people to believe they have no fault. Their attempt to fix things by handouts and stimulus packages is a joke. Who has paid for those failed attempts? Who will continue to pay until we are all standing in line with our hands out?

    Wise up and learn! By the way, isn't Ron Paul visiting UVU?

  • majmajor Layton, UT
    Oct. 10, 2012 4:19 p.m.

    Only an idiot would leave this great country based on who is president. If you have no loyalty to this country, than leave now. This includes some individuals in Hollywood, or other wackos from the far left or right.

    This country is greater than any president or any of the above.

  • bricha lehi, ut
    Oct. 10, 2012 4:18 p.m.

    I read the actual email on another news site, and I have to say that although I agree with his reasoning and his rational I think that was totally inapropriate to send to all his employee's. I don't think it is apropriate for anyone in a leadership position be it a boss, teacher, or religious leader, to potentially make someone feel unwelcome because of their political ideas.

  • Ken Hollen South Jordan, UT
    Oct. 10, 2012 4:15 p.m.

    If this man is the CEO of a company he owns, nonpublic, go for it. But then a CEO does not open the doors for the customers, brings the food tray, changes the bedding and cleans the bathroom. If this man is so foolish as to lower his standard of service and lose customers, the customers will cut his pay. LOL

  • AZ Blue & Red Gilbert, AZ
    Oct. 10, 2012 4:13 p.m.

    Truth may hurt but this is a tacky way to get the message out. Politically based? Ya think? I am betting there is more than one way to skin a cat but he is probably telling it like it really is. I just think he could have done it better and not come accross as such a prude.

    But I do hope that he does not have to lay anyone off. (in more ways than one)

  • justaroundthecorner DRAPER, UT
    Oct. 10, 2012 4:12 p.m.

    Vote for Obama. I think I will go ski someplace else with a man who wants to use extortion to win votes. Sad day in the country when people act like this.

  • Makid Kearns, UT
    Oct. 10, 2012 4:11 p.m.

    Procuradorfiscal, there are many other small business owners that are dreading the election of Romney as they fear he will lower tariffs on goods coming from China, this will cause these manufacturers to lose more business overseas causing the end of American manufacturing.

    Of course, larger corporations and small retailers will like the lower costs but the lack of customers able to purchase the items is only a small nuisance.

    There are stories on both sides. Unfortunately, taxes will be going up for everyone anyway at the end of the year.

    John Boehner has stated that the House won't vote on anything after the election until the new class has been sworn in.

    The Senate won't have 60 votes for either party, so nothing will pass the Senate that doesn't include tax increases or leaving the newly increased taxes in place for the top 5% of the country.

    There is no way around this. It is going to happen and it doesn't matter who is elected President since nothing will pass Congress to stop the impact for everyone anyway. This is now and has been a Congress problem, not a Presidential problem.

  • lost in DC West Jordan, UT
    Oct. 10, 2012 4:08 p.m.

    I read about this on CNBC. They actually interviewed the guy and he has worked out an arrangement with his creditors so his house is no longer in foreclosure. I guess they didn't tell their brethren at MSNBC, where it appears you get your info - either that or MSNBC chose to ignore it because it did not fit their agenda.

    They also published the e-mail he sent to his employees. It was rather weak - refered to Thomas Jefferson as the founder of the constitution - hah, he was in France when it was written and was aghast when he first read it.

    The e-mail also said he threatened to shut down his business and retire in the Caribbean. Dumb, just dumb. If the company has value, he can SELL it, even at a reduced price should BO get re-elected, and then retire. more likely he'd just lay off a bunch more people and keep his business.

  • I M LDS 2 Provo, UT
    Oct. 10, 2012 4:02 p.m.

    I really hate bosses who think they can impose their political or religious ideas on their employees. A person ought to have the right to put in an honest day's work for an honest day's pay without having to be harassed by their bosses sending out political or religious propaganda and threatening those who disagree with the boss' agenda.

    Memo to bosses: if you want to preach politics or religion, start a PAC or a Church, but keep that nonsense out of the workplace!

  • bballjunkie Pleasant Grove, UT
    Oct. 10, 2012 3:59 p.m.


    "Threatening to fire workers if Obama wins? That's extortion"

    No that is reality and will be happening a lot if Obama wins. To all democrats and Independents...welcome to the truth that business will face with your guy.

  • 4601 Salt Lake City, UT
    Oct. 10, 2012 3:58 p.m.

    He won't have to. With a sagging economy people will not be disposed to spend money on an up scale resort, he can down size. That's a more politically correct term.

  • chancy Salt Lake City, UT
    Oct. 10, 2012 3:58 p.m.

    Guess What the same things were said about Bill Clinton being elected. I wish they would realize it is the republicans that causes the depressions and the democrats that have to clean up their messes.

  • On the other hand Spanish Fork, UT
    Oct. 10, 2012 3:54 p.m.

    Boy, somebody's been spoiled by the Bush tax cuts...

  • Dave D Pocatello, ID
    Oct. 10, 2012 3:54 p.m.

    "If Obama wins, the day after the election will be forever known as "Black Wednesday," for all the businesses that will be forced to close, and all the families that will lose their livelihood.

    And the day after that will forever be known as "Red Thursday," the day the regime uses its deliberate homicide of private industry as an excuse to nationalizes all industry, declare martial law, make us all slaves of the government, and take its best shot at killing off America."

    Thanks for the laugh. It really cheered me up. Sometimes hyperbole is just what I need. Here's what the world actually thinks:

    "Aug 17 (Reuters) - Twice as many business executives around the world say the global economy will prosper better if incumbent U.S. president Barack Obama wins the next election than if his Republican challenger Mitt Romney does, a poll showed on Friday.

    Democrat Obama was chosen by 42.7 percent in the 1,700 respondent poll, compared with 20.5 percent for Romney. The rest said "neither".

    The result was different among respondents in the United States, where a slim majority thought Romney would be better for their businesses than Obama."

  • NedGrimley Brigham City, UT
    Oct. 10, 2012 3:35 p.m.

    This guy is breaking my heart...

  • procuradorfiscal Tooele, UT
    Oct. 10, 2012 3:35 p.m.

    Re: "CEO . . . tells workers he'll fire them if Obama wins"

    What he really said was Obama will fire them. And that's the unvarnished truth.

    Businesses, particularly small businesses -- that provide most of the jobs in the Nation -- are hanging on by fingernails, or less, hoping Mitt wins and they get, at least a chance, to return to profitability.

    If Obama wins, the day after the election will be forever known as "Black Wednesday," for all the businesses that will be forced to close, and all the families that will lose their livelihood.

    And the day after that will forever be known as "Red Thursday," the day the regime uses its deliberate homicide of private industry as an excuse to nationalizes all industry, declare martial law, make us all slaves of the government, and take its best shot at killing off America.

    Most business owners know it.

    Only a few are brave enough to say it.

  • ParkCityAggie Park City, Ut
    Oct. 10, 2012 3:33 p.m.

    Really? What a joke, this guy wants to threaten his employees to subscribe to his political ideology or he'll fire them? You know, this guy deserves to lose it all if he's going to act like a baby about a presidential election. If some Obama supporter did this the right-wing media would come un-glued!

  • resconroe Montgomery, TX
    Oct. 10, 2012 3:33 p.m.

    This isn't a very Christian thing to do, Siegel. (Mormon either)

  • GiuseppeG Murray, Utah
    Oct. 10, 2012 3:31 p.m.

    Maybe he can move to the same island that Alec Baldwin was going to leave the U.S. for in 2000 when President Bush was elected. Be kinda nice if these guys would actually follow through on their promises.

  • TRUTH Salt Lake City, UT
    Oct. 10, 2012 3:25 p.m.

    A vote for Obama the a vote for more americans to the unemployment line.....its economics!

  • Dave D Pocatello, ID
    Oct. 10, 2012 3:21 p.m.

    Sounds like a heck of an employer. More concerned about inheritance for his children than for his employees well-being. And using his employees as political leverage is a great touch too.

  • atl134 Salt Lake City, UT
    Oct. 10, 2012 3:08 p.m.

    "In the email, Siegel attributed his success to 42 years of working hard while living within his means."

    And that's a joke... you really aren't living in your means if you're the owner of the largest new home in America that's in foreclosure.

  • atl134 Salt Lake City, UT
    Oct. 10, 2012 3:06 p.m.

    Threatening to fire workers if Obama wins? That's extortion.

  • PGVikingDad Pleasant Grove, UT
    Oct. 10, 2012 3:04 p.m.

    Hey Sean, nice bit of sensationalistic reporting, there. Being laid off is NOT the same as being fired.

  • ute alumni Tengoku, UT
    Oct. 10, 2012 2:56 p.m.

    his little island may get crowded with others following him there is the empty suit gets re-elected.