Wynn offers millionaire award to retain Linda Chen
In August, Worldwide Wynn, a subsidiary of Wynn Resorts, entered into a retention agreement with Ms Chen whereby she will be granted a us$ 10 million bonus if she stays with the company until July 2021, according to Wynn Macau’s 2011 interim report.
In May 2010, Worldwide Wynn already entered into a new 10-year employment agreement with Ms Chen, which included the purchase of a house in Macau for her use. Ms Chen, aged 44, has been an executive director and the chief operating officer of Wynn Macau since September 2009.
Earlier this year, Steve Wynn rebuffed the idea of stepping down as chief executive officer of Wynn Resorts any time soon. Even so, he gave some hints about who could be his successor: “There are a score of young people who are very smart and very healthy, in Nevada and Macau. Incidentally, Linda Chen is on the board of the parent company. So if you ask me who could do it? A Chinese woman.”
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