An allegation of sexual misconduct against a chief executive has now been added to that list. Wynn Resorts also faces a continuing lawsuit between Mr. Wynn and his former wife, Elaine, who is suing to regain control of a nearly 10 percent stake she currently cannot vote or sell. Unlike Uber, which worked through its own scandal in private, Wynn Resorts is exposed to the public ire of shareholders. One risk is that regulators make it difficult for Wynn Resorts to expand. Investors’ strong response to the reports is now the problem of Wynn Resorts’ 10-person board, which contains just one woman.

Source: New York Times January 27, 2018 01:07 UTC