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Fri Jan 26, 2018, 01:41 PM

Wynn shares tumble 6% after reports of 'decades-long pattern of sexual misconduct' by CEO Steve Wynn

Source: CNBC

Wynn Resorts stock dropped 6 percent in trading Friday after The Wall Street Journal reported allegations of sexual misconduct by billionaire CEO Steve Wynn over many years.

Dozens of people who worked at Wynn's casinos say his behavior created a pattern of sexual misconduct, according to the report, with some describing employees being pressured into performing sex acts with Wynn.

Wynn would regularly have manicures, makeup applications and massages performed at his office at the Wynn resort in Las Vegas, according to the WSJ. Former employees of Wynn say they would schedule fake appointments for female workers to avoid requests for those services, the report says.

Read more: https://www.cnbc.com/2018/01/26/wynn-stock-drops-7-percent-after-alleged-sexual-misconduct-by-steve-wynn-report.html

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Reply Wynn shares tumble 6% after reports of 'decades-long pattern of sexual misconduct' by CEO Steve Wynn (Original post)
brooklynite Jan 2018 OP
titaniumsalute Jan 2018 #1
Weed Man Jan 2018 #2
Blue_Adept Jan 2018 #7
Weed Man Jan 2018 #9
erronis Jan 2018 #19
Wellstone ruled Jan 2018 #3
Floyd R. Turbo Jan 2018 #14
Wellstone ruled Jan 2018 #15
Floyd R. Turbo Jan 2018 #21
Wellstone ruled Jan 2018 #22
DonViejo Jan 2018 #4
George II Jan 2018 #5
Stuart G Jan 2018 #6
irisblue Jan 2018 #8
Stuart G Jan 2018 #10
Beaverhausen Jan 2018 #13
irisblue Jan 2018 #20
Fred Sanders Jan 2018 #11
Blue Owl Jan 2018 #12
BobTheSubgenius Jan 2018 #16
RainCaster Jan 2018 #17
catbyte Jan 2018 #18
disalitervisum Jan 2018 #23

Response to brooklynite (Original post)

Fri Jan 26, 2018, 01:42 PM

1. Another piece of garbage waste of human life

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Response to brooklynite (Original post)

Fri Jan 26, 2018, 01:46 PM

2. 6%

 

It needs to be valued at $0 so Wynn doesn't have the funds to mount a defense, and are now forced to sell off all of his assets to pay for the damages.

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Response to Weed Man (Reply #2)

Fri Jan 26, 2018, 02:04 PM

7. Well, that's a real burn it all to the ground attitude

It'll certainly help the employees and shareholders of the company that had nothing to do with it.

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Response to Blue_Adept (Reply #7)

Fri Jan 26, 2018, 02:10 PM

9. Here's my thinking

 

If Steve Wynn is counting on the stock to maintain his value, then he is worthless on paper.

His employees will keep their jobs at a soon-to-be renamed Wynn resorts. No problem there.

Wynn also fucked his shareholders by screwing around. So shareholders are left with nothing but lawsuits to get their value back from Wynn, so it's a double whammy which he deserves.

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Response to Blue_Adept (Reply #7)

Fri Jan 26, 2018, 04:24 PM

19. Anyone who invests in these types of stocks/bonds/etc. should know what they are doing!

I don't give a shit about the shareholders. In fact I hope most of them dissolve to rot. I've worked in "asset management" which is "how to make money off of stupid investors - even big ones."

Employees I do care about. This is the typical screwing of US workers by entities such as Bain Capital (remember RMoney?). Koch and most other mega-corps could not care about the workers. This rot is spreading (or was there for a long time) with IBM, GE. Now spreading to the high-tech Microsoft, Google, Apple.

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Response to brooklynite (Original post)

Fri Jan 26, 2018, 01:53 PM

3. The real kicker is,

Both of the Las Vegas News Papers are not reporting this story as well as any of the Electronic Media. Gee,Sheldon Adelson is keeping the lid on his Pal's discretion's.

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Response to Wellstone ruled (Reply #3)

Fri Jan 26, 2018, 03:41 PM

14. Adelson and Wynn hate each other. That said, Wynn will get all the cover he needs in Vegas

from other operators, the press, politicians, the judiciary, and law enforcement.

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Response to Floyd R. Turbo (Reply #14)

Fri Jan 26, 2018, 03:56 PM

15. Story popped two hours ago on the RJ web

site. This is causing earthquakes along the Stripe today. Just imagine Lawyers with Card Tables setup in front of Wynns Joints trolling for Customers.

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Response to Wellstone ruled (Reply #15)

Fri Jan 26, 2018, 04:36 PM

21. How cool would that be! 😏

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Response to Floyd R. Turbo (Reply #21)

Fri Jan 26, 2018, 04:51 PM

22. We will know doubt see

commercial's on tonight's local news,from the Bumper Chaser Crowd trolling for Customers.

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Response to brooklynite (Original post)

Fri Jan 26, 2018, 01:54 PM

4. Wynn's the Finance Chair of the RNC. Can't wait for the response from that org!

RNC finance chair paid $7.5 million to keep rape allegations secret: report
https://www.rawstory.com/2018/01/rnc-finance-chair-paid-7-5-million-keep-rape-allegations-secret-report/

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Response to brooklynite (Original post)

Fri Jan 26, 2018, 01:59 PM

5. Couldn't happen to a better guy (almost said "nicer") He's been slime for decades, this....

....just adds to his reputation as slime.

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Response to brooklynite (Original post)

Fri Jan 26, 2018, 02:03 PM

6. Stock is now down 9.7 percent. will go much lower. nt

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Response to brooklynite (Original post)

Fri Jan 26, 2018, 02:09 PM

8. Will Dems, of all levels of the Party demand the GOP return his donations?

They're tainted.

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Response to irisblue (Reply #8)

Fri Jan 26, 2018, 02:13 PM

10. We will see. Finance Chair of RNC? Will the Democrates go after him?

I hope that the Democratic Party goes after him, like the Republicans went after Hillary.

Sexual Predator ???......vs ...lost emails?....what do you know???

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Response to irisblue (Reply #8)

Fri Jan 26, 2018, 03:35 PM

13. Dems? Shouldnt the GOP get rid of him?

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Response to Beaverhausen (Reply #13)

Fri Jan 26, 2018, 04:35 PM

20. Dems need to make so much noise & publicity

That the GOP tosses his ass out. Won't happen unless Dems scream, long, hard & loud . GOP has no shame.

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Response to brooklynite (Original post)

Fri Jan 26, 2018, 03:06 PM

11. The workplace sin in Sin City must be off the charts.

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Response to brooklynite (Original post)

Fri Jan 26, 2018, 03:22 PM

12. A Trump wanna-be

n/t

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Response to brooklynite (Original post)

Fri Jan 26, 2018, 04:03 PM

16. Yet, STILL the GOP tries to spin this as a problem for Democrats.

They are unbelievable. Unspeakable, at times.

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Response to brooklynite (Original post)

Fri Jan 26, 2018, 04:08 PM

17. Down 11% and still falling

Will the RNC reward this POS by letting him keep his job as the Finance Chair of the RNC?

What about the money he donated to the RNC? WIll they return it to him, like they said the DNC should do with the Harvey Weinstein donations?

Inquiring minds want to know.

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Response to brooklynite (Original post)

Fri Jan 26, 2018, 04:16 PM

18. It will be interesting to see if the GOP condemns this sleazeball as loudly as they condemned

sleazeball Harvey Weinstein. Probably not because their go-to position seems to be: Every woman who accuses a Democrat of sexual misconduct is telling the God's honest truth--with or without "proof", but every woman who accuses a Republican of sexual misconduct is an attention whore, a Democratic dupe, and/or lying because the Republican accused hasn't been convicted in a court of law. The hypocrisy makes me actually sick to my stomach.

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Response to brooklynite (Original post)

Fri Jan 26, 2018, 05:20 PM

23. Wynn started stealing tips from employees years ago

Caused a big stink in the casino industry when he instituted a policy that mandated 20% of front-line employees tips go to management personnel. Every other gaming company had to issue statements reassuring their employees that they would not follow suit. Wynn is widely held in contempt by his former casino employees. This is probably where trumpervert got his recent inspiration to take yet more money from tipped employees.

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