On Wednesday, November 7, 2012, the day after the 2012 US presidential election, Robert E. Murray, Chairman and CEO of Murray Energy, an Ohio-based coal company, said a prayer and fired 54 people at his subsidiary company, American Coal and 102 more at his Utah based company, American Energy.
Mr. Murray, like most failures, is blaming his actions on President Obama’s war on coal and totally ignoring the fact that low-cost natural gas is kicking coal’s ass in the marketplace. Since he isn’t smart enough to know how to compete with natural gas he’s giving up and putting 156 honest and hard working Americans out of work.
I’d like to point out that a real American Industrialist would not just throw a temper tantrum and quit over the election of a president. A real American industrialist would do as Mr. Murray stated in his prayer:
The takers outvoted the producers. In response to this, I have turned to my Bible and in II Peter, Chapter 1, verses 4-9 it says, ‘To faith we are to add goodness; to goodness, knowledge; to knowledge, self control; to self control, perseverance; to perseverance, godliness; to godliness, kindness; to brotherly kindness, love.’
via After Obama reelection, Murray Energy CEO reads prayer, announces layoffs – The Washington Post.
I find nothing good or knowledgeable or disciplined tenacious or godly or kind or loving in Mr. Murray’s actions. All I find is the mark of a loser.
David Siegel also made noises before the election about laying people off if Mr. Obama was re-elected. So far that has just been hot air with Mr. Siegel being wise enough to not lay anyone off until necessary. When asked if he was going to fire anyone he said:
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 week—the average was 5 percent. I wanted to help them handle the additional burdens the government will put on them.
via David Siegel Hasn’t Fired Anyone Yet – Businessweek.
Mr. Siegel appears to be a blowhard but not a quitter like Mr. Murray.