Why Steve Wynn's 2005 Settlement With Worker Haunts Him

Why Steve Wynn's 2005 Settlement With Worker Haunts Him

Assessment

Interactive Video

Business, Social Studies

University

Hard

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The transcript discusses a legal dispute between Elaine Wynn and her ex-husband Steve Wynn over her $1.6 billion stake in Wynn Resorts. Elaine alleges that a 2005 settlement with a former employee, which she discovered in 2009, was not disclosed to the board, highlighting governance issues. The case is set to go to trial, with implications in the post-Weinstein era. Confidentiality surrounds the settlement details, with Steve Wynn denying any wrongdoing. The dispute also involves corporate control over shares, with Elaine seeking to regain control of her stake.

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2 questions

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1.

OPEN ENDED QUESTION

3 mins • 1 pt

What are the implications of the Weinstein scandal in the context of Elaine Wynn's case?

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2.

OPEN ENDED QUESTION

3 mins • 1 pt

What control did Steve Wynn have over Elaine Wynn's shares, and how is that changing?

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