'Queen of Versailles' tycoon isn't laying anyone off yet
Well, now that President Obama has been re-elected, what's Siegel got to say?
In an interview with Bloomberg Businessweek, Siegel relented a bit. When asked if he would lay off employees, Siegel answered, "I don't know. I'm going to work my hardest to keep the company going and expand the best I can. We'll see what happens. Meanwhile I gave everybody in the company a raise this weekthe average was 5 percent. I wanted to help them handle the additional burdens the government will put on them."
Siegel's Westgate Resorts empire includes a resort in Park City, Utah where this January his wife Jackie hit the red carpet for the Sundance Film Festival premiere of the documentary "The Queen of Versailles."