The price of sexual misconduct accusations has never been higher. Wynn Resorts has lost $3 billion in market value since its founder and chief executive was accused by former employees of behavior that would amount to a decadeslong pattern of sexual misconduct. The situation is unique because of Steve Wynn’s role as CEO and his outsize importance to Wynn Resorts. “He is the company,” industry executives and analysts say.

Source: Wall Street Journal January 29, 2018 18:03 UTC