Company: Wynn Resorts
Family Name: Wynn
Given Name: Elaine
Role: Largest Shareholder
Profile: Elaine Wynn, as the ex-wife of Steve Wynn, was a co-founder of Wynn Resorts in 2000 and is currently its largest shareholder. The 2009 divorce between Elaine and Steve Wynn was a bitter one. After Steve Wynn lost his stake in the firm in 2018, following multiple sexual harassment charges filed against him by company employees, Elaine Wynn emerged as an independent and influential force.
Regulators in Massachusetts say Wynn Resorts failed to follow its own procedures when handling sexual misconduct allegations against founder and former CEO Steve Wynn, and in some cases helped to conceal those accusations.
Wynn Resorts says its board voted to appoint Philip G. Satre as chairman, taking over from D. Boone Wayson, who is retiring.
Galaxy Entertainment founder and Chairman Lui Che-Woo said his company has no plans to increase its 4.9 percent stake in Wynn Resorts, damping speculation it may have been planning a full takeover.
Shareholders in Wynn Resorts voted by an overwhelming majority to reject a new executive compensation package presented by management.
In her latest attempt to ‘freshen up’ the Wynn Resorts board, co-founder and majority shareholder Elaine Wynn is seeking support from shareholders to stop the re-election of one of its long-standing directors, John J. Hagenbuch.