The Most Talked About Business Moves of 2012
Disgruntled CEOs Act Badly Post-Election
Whether they were acting out of necessity or protest or spite is a matter for debate. Certainly the CEOs who announced layoffs after President Obama’s reelection insisted they had no choice. Robert Murry, CEO of Murry Energy, blamed Obama’s “war on coal” when he let go 156 people. Zane Tankle, the CEO of Applebees, told Fox News he might have to dismiss some people, while the CEO of Pappa John’s said some of his franchisees might do the same. Maybe all these people should have laid off workers before the election. That way, they could have used rising unemployment numbers to make their case for a Romney victory.