01-26-2018, 05:19 PM
Wynn Resorts Ltd. shares sank 9% after the Wall Street Journal reported that the company's founder, casino industry legend Steve Wynn, sexually harassed numerous women over many years.
Wynn, also the finance chairman for the Republican National Committee, paid $7.5 million to settle claims brought by a former manicurist at his resort who said the executive pressured her to have sex with him, the Journal said. Wynn pressured massage therapists to perform sex acts for $1,000 tips, and others at the spa created fictitious appointments to avoid contact with him, said the newspaper, which contacted more than 150 people who worked with the casino magnate.
Wynn, who turns 76 Saturday, denied the allegations. "The idea that I ever assaulted any woman is preposterous," he told the Journal. His fortune is valued at about $3.7 billion, most of it in Wynn shares, according to the Bloomberg Billionaires Index.
The allegations jolted a company whose reputation is synonymous with that of its founder, who starred in TV commercials with the likes of Frank Sinatra to promote his properties.
from the Los Angeles Times
Wynn, also the finance chairman for the Republican National Committee, paid $7.5 million to settle claims brought by a former manicurist at his resort who said the executive pressured her to have sex with him, the Journal said. Wynn pressured massage therapists to perform sex acts for $1,000 tips, and others at the spa created fictitious appointments to avoid contact with him, said the newspaper, which contacted more than 150 people who worked with the casino magnate.
Wynn, who turns 76 Saturday, denied the allegations. "The idea that I ever assaulted any woman is preposterous," he told the Journal. His fortune is valued at about $3.7 billion, most of it in Wynn shares, according to the Bloomberg Billionaires Index.
The allegations jolted a company whose reputation is synonymous with that of its founder, who starred in TV commercials with the likes of Frank Sinatra to promote his properties.
from the Los Angeles Times
The ideal subject of totalitarian rule is not the convinced Nazi or the dedicated Communist but instead the people for whom the distinction between fact and fiction, true and false, no longer exists -- Hannah Arendt.