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brooklynite

(94,510 posts) Fri Jan 26, 2018, 01:41 PM Jan 2018

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

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

23 replies

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Wynn shares tumble 6% after reports of 'decades-long pattern of sexual misconduct' by CEO Steve Wynn [View all] brooklynite Jan 2018 OP

Another piece of garbage waste of human life titaniumsalute Jan 2018 #1

6% Weed Man Jan 2018 #2

Well, that's a real burn it all to the ground attitude Blue_Adept Jan 2018 #7

Here's my thinking Weed Man Jan 2018 #9

Anyone who invests in these types of stocks/bonds/etc. should know what they are doing! erronis Jan 2018 #19

The real kicker is, Wellstone ruled Jan 2018 #3

Adelson and Wynn hate each other. That said, Wynn will get all the cover he needs in Vegas Floyd R. Turbo Jan 2018 #14

Story popped two hours ago on the RJ web Wellstone ruled Jan 2018 #15

How cool would that be! 😏 Floyd R. Turbo Jan 2018 #21

We will know doubt see Wellstone ruled Jan 2018 #22

Wynn's the Finance Chair of the RNC. Can't wait for the response from that org! DonViejo Jan 2018 #4

Couldn't happen to a better guy (almost said "nicer") He's been slime for decades, this.... George II Jan 2018 #5

Stock is now down 9.7 percent. will go much lower. nt Stuart G Jan 2018 #6

Will Dems, of all levels of the Party demand the GOP return his donations? irisblue Jan 2018 #8

We will see. Finance Chair of RNC? Will the Democrates go after him? Stuart G Jan 2018 #10

Dems? Shouldnt the GOP get rid of him? Beaverhausen Jan 2018 #13

Dems need to make so much noise & publicity irisblue Jan 2018 #20

The workplace sin in Sin City must be off the charts. Fred Sanders Jan 2018 #11

A Trump wanna-be Blue Owl Jan 2018 #12

Yet, STILL the GOP tries to spin this as a problem for Democrats. BobTheSubgenius Jan 2018 #16

Down 11% and still falling RainCaster Jan 2018 #17

It will be interesting to see if the GOP condemns this sleazeball as loudly as they condemned catbyte Jan 2018 #18

Wynn started stealing tips from employees years ago disalitervisum Jan 2018 #23