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Dumbest Moments in Business

The biggest blunders of 2012.

Anti-Obama CEO gives everyone raises

dumbest moments david siegel

One of the most high-profile ultimatums of the election season came from Westgate Resort CEO David Siegel.

In October, Siegel emailed his 7,000 employees to warn of the perils of voting for Obama. It wasn't the dismal economy that could lead to layoffs, it was another four years under Obama. "If any new taxes are levied on me or my company," Siegel wrote, "I will have no choice but to reduce the size of this company."

But after Obama's win, Siegel wasn't handing out pink slips. Instead, he gave all employees a 5% raise. He said he wanted to share record profits and help them deal with the increased costs during Obama's second term. -- Chris Isidore

- Last updated December 19 2012 05:01 PM ET

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