She claims he is too closely allied with Steve Wynn

Steve Wynn's ex-wife seeks to remove board member

Steve Wynn resigned as chairman and CEO and later sold his company shares after the Wall Street Journal reported that several women said he harassed or assaulted them and that one case led to a $7.5 million settlement.
2018-04-24
Reading time 44 seg
Elaine Wynn, the biggest shareholder and co-founder of Wynn Resorts has asked shareholders to remove company director John Hagenbuch who is overseeing an internal investigation into sexual her ex-husband's misconduct allegations. The company released an official statement in response to her letter.

According to a filing submitted by Elaine Wynn with U.S. regulators on Monday, Hagenbuch is too closely allied with Steve Wynn, so she has requested shareholders to reject his re-election, Yahoo News reports.

Steve Wynn resigned as chairman and CEO and later sold his company shares after the Wall Street Journal reported that several women said he harassed or assaulted them and that one case led to a $7.5 million settlement. He denies the allegations. He has filed a defamation lawsuit against The Associated Press for its reporting on a separate allegation made to police.

Wynn Resorts' response to Elaine Wynn' shareholder letter:

The Company is continuing the positive momentum that has accompanied its recent initiatives and is focused on the future. The Board is working in an orderly fashion to refresh its composition, with three new experienced and distinguished directors being named last week. The Board intends to continue its work.

 

 

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