In Business, Politics, Social commentary on October 17, 2012 at 12:00 am

David Siegel is the founder and chief executive of Westgate Resorts, the largest privately owned time-share company in the world.

With his wife, Jackie, he’s building the biggest home in the U.S., a 90,000-square-foot Florida palace they call Versailles.

“King David” Siegel relaxes atop his throne

But he isn’t so busy that he can’t take time off to tell his 7,000 employees how to vote.  And to threaten them with dismissal if his Presidential candidate, Mitt Romney, loses the election.

On October 8, he sent out the following memo. To which I offer commentary where required.

Subject: Message from David Siegel

Date: Mon, 08 Oct 2012 13:58:05 -0400 (EDT)

From: [David Siegel]

To: All My Valued Employees,

As most of you know our company, Westgate Resorts, has continued to succeed in spite of a very dismal economy. There is no question that the economy has changed for the worse and we have not seen any improvement over the past four years.

In spite of all of the challenges we have faced, the good news is this:  The economy doesn’t currently pose a threat to your job.

What does threaten your job however, is another 4 years of the same Presidential administration.

Of course, as your employer, I can’t tell you whom to vote for, and I certainly wouldn’t interfere with your right to vote for whomever you choose.

In fact, I encourage you to vote for whomever you think will serve your interests the best.

However, let me share a few facts that might help you decide what is in your best interest. The current administration and members of the press have perpetuated an environment that casts employers against employees.

They want you to believe that we live in a class system where the rich get richer, the poor get poorer.

They label us the “1%” and imply that we are somehow immune to the challenges that face our country. This could not be further from the truth.


Of course America has a class system–we, as a nation, simply refuse to acknowledge it. Of course, under this system, the rich do get richer and the poor do get poorer.

Unearned income–such as from investments–isn’t taxed, while earned income–which comes from actually working–is. 

Neither the press nor the administration has to “cast employers against employees”–the tax system alone does that.

And according to the top 1% richest Americans:

  • It’s only “class warfare” when those who aren’t well-off demand a bigger slice of the pie.
  • It isn’t “class warfare” when those who, like Siegel, can afford to build a 90,000-square-foot palace while the vast majority of their fellow citizens are living paycheck-to-paycheck.
  • And it’s not “class warfare” when that privileged 1% demand even more–even when this comes from those far less fortunate than themselves.


Sure, you may have heard about the big home that I’m building. I’m sure many people think that I live a privileged life. However, what you don’t see or hear is the true story behind any success that I have achieved.

David Siegel’s “big home” version of “Versailles”

I started this company over 42 years ago. At that time, I lived in a very modest home. I converted my garage into an office so I could put forth 100% effort into building a company, which by the way, would eventually employ you.

We didn’t eat in fancy restaurants or take expensive vacations because every dollar I made went back into this company.

I drove an old used car, and often times, I stayed home on weekends, while my friends went out drinking and partying. In fact, I was married to my business — hard work, discipline, and sacrifice.

Meanwhile, many of my friends got regular jobs. They worked 40 hours a week and made a nice income, and they spent every dime they earned.

They drove flashy cars and lived in expensive homes and wore fancy designer clothes. My friends refinanced their mortgages and lived a life of luxury.

I, however, did not. I put my time, my money, and my life into this business —-with a vision that eventually, some day, I too, will be able to afford to buy whatever I wanted.  Even to this day, every dime I earn goes back into this company.

Over the past four years I have had to stop building my dream house, cut back on all of my expenses, and take my kids out of private schools simply to keep this company strong and to keep you employed.


What a tragedy! He had to stop building his dream house and even take his ultra-privileged kids out of private school!

Horrors! They actually had to rub elbows with children whose parents can’t afford a 90,000-square-foot palace that masquerades as a house.

Millions of Americans have sent their children to public schools–and continue to do so. Millions of them have lived–and continue to live–highly productive lives. 

  1. And you’re up-set because ?? Isn’t capialtalism great ? Even Raul Castro the dictator of Cuba has decided it’s the right thing to do and signed a “decree” allowing Cuban’s to own their own businesses, invest in outside markets, own their own homes (however large they may be), and now to travel outside Cuba for up to 24 months if they want to.
    Maybe our system isn’t too bad after all, and perhaps the Liberals can see again that their Socialist agenda just simply doesn’t work !!

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