Discussion Question 6
Read the Corporate Governance and Executive Misconduct at Wynn Resorts in your textbook on page 303. Then, answer the following three questions:
Do you think Steve Wynn’s executive compensation was justified, and why or why not?
Did the board of directors of Wynn Resorts operate according to the principles of good corporate governance, as described in this chapter? Why or why not?
Do you think Wynn Resorts’ institutional and individual shareholders used the rights described in this chapter effectively to protect their interests? Why or why not?
What do you recommend senior executives and the board of Wynn Resorts do now?