Articles tagged “steve wynn”

Elaine Wynn Emerges as a Shareholder Activist With a Refreshing Approach

Elaine Wynn Emerges as a Shareholder Activist With a Refreshing Approach

Joe Nocera, Bloomberg

Bloomberg columnist Joe Nocera adds up the victories by Steve Wynn's ex-wife Elaine as she attempts to clean up Wynn Resorts. He rightfully calls her a shareholder activist who breaks the mold because she doesn't have a cut-and-run mindset. Now there's a model for others to follow.

9 months ago

Elaine Wynn Succeeds as One of Her Ex-Husband’s Allies to Depart Wynn Board

Elaine Wynn Succeeds as One of Her Ex-Husband’s Allies to Depart Wynn Board

Christopher Palmeri, Bloomberg

Given the turmoil at Wynn Resorts, it's probably a good idea to bring as many new board members as possible. The company could benefit from having a fresh group of overseers. Three-fifths of the board has left since February.

9 months ago

Wynn Resorts Is Coming Up With New Ways to Distance Itself From Former CEO

Wynn Resorts Is Coming Up With New Ways to Distance Itself From Former CEO

Christopher Palmeri, Bloomberg

Removing the founder's name from its new property, and requesting executives consult an attorney after talking to him, is a definite sign that Wynn Resorts wants to break with the past. Surely, we can't be far off a total rebrand?

10 months ago

Elaine Wynn Wants Shareholders to Oust Longtime Board Director

Elaine Wynn Wants Shareholders to Oust Longtime Board Director

Associated Press

In her efforts to create a new, post-scandal Wynn Resorts, Elaine Wynn isn't backing down at all. But is this enough for the company to overcome the tarnished reputation her ex-husband has left behind? Still, kudos to her for bringing up the issue of executive compensation. Last year, Steve Wynn was the highest paid hotel CEO, taking home a paycheck of $28 million.

10 months ago

Elaine Wynn Wants to Replace Wynn Resorts Board Members After Harassment Scandal

Elaine Wynn Wants to Replace Wynn Resorts Board Members After Harassment Scandal

Christopher Palmeri, Bloomberg

Elaine Wynn is ready to clean house, and it's probably a good idea considering the stained reputation her ex-husband has left on the casino resort company that bears his name.

10 months ago

Wynn Resorts Competitor Obtains 5 Percent Stake as Steve Wynn Cashes Out

Wynn Resorts Competitor Obtains 5 Percent Stake as Steve Wynn Cashes Out

Christopher Palmeri, Bloomberg

Wynn Resorts competitor Galaxy Entertainment now has an inside track to pick up the pieces of the rubble that Steve Wynn left in his wake.

11 months ago