CEO Keeps Word, Fires 22 Over Obama Re-Election

by InvestorPlace Staff | November 9, 2012 9:12 pm

investorpoliticsletters2 CEO Keeps Word, Fires 22 Over Obama Re Election[1]While Barack Obama managed to keep his job as President of the United States for the next four years, 22 workers in Las Vegas are losing their jobs as a result.

A caller to a Las Vegas radio show[2] identified himself as a CEO who warned his employees that if Obama was re-elected, he would have to fire employees to protect his business’ future. Obama won, and the CEO immediately made good on this threat, firing 22 of his 114 employees[3].

He blamed the firing on the fact that he needed to save money to prepare for future taxes, regulations, and the affects of Obamacare on his bottom line. He also said he thought things were going to get worse. “There’s a tsunami coming and if you didn’t think this election had consequences, just wait.”

Several CEOS of larger companies, including Westgate Resorts, uniform maker Cintas (NASDAQ:CTAS[4]), loading dock manufacturer Rite Hite, and car-parts manufacturer Lacks Enterprises all suggested in one way or another that their employees not vote for Barack Obama[5] in the presidential election.

Right now, though, if it turn out to be true, this Las Vegas CEO of an unidentified company appears to be the first to have directly fired employees over Obama’s reelection.

– Benjamin Nanamaker, InvestorPolitics Editor

The opinions contained in this column are solely those of the writer.

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Endnotes:
  1. [Image]: mailto:letters@investorplace.com
  2. Las Vegas radio show: http://lasvegas.cbslocal.com/2012/11/07/vegas-employer-obama-won-so-i-fired-22-employees/
  3. firing 22 of his 114 employees: http://www.huffingtonpost.com/2012/11/08/david-las-vegas-ceo-fired-workers_n_2093369.html
  4. CTAS: http://studio-5.financialcontent.com/investplace/quote?Symbol=CTAS
  5. that their employees not vote for Barack Obama: http://www.huffingtonpost.com/2012/11/06/ceos-obama_n_2085909.html

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