Party’s Over for Steve Wynn: Denied Golden Parachute, Must Vacate Wynn Resorts Suite Before Summer

Changing Day

It s a far cry from the supportive messages that came from staff and Wynn himself just a few days after a Wall Street Journal scathing alleged sexual misconduct story broke in late January. In a company meeting held just two weeks ago, Mr. Wynn reminded employees he had stuck by them through the worst times of the 2008 recession, referring to the company s zeitgeist as a family culture.

On February 7, , after falling stock prices, cancelled conventions, political distancing, and a slew of regulatory investigations into his alleged actions threatened the company s very well-being.

Truth or Consequences

Steve Wynn has always maintained that he s done nothing wrong, despite a long line of former female employees accusing him of everything from inappropriate comments to self-exposure while at work to actual forced sexual misconduct.

Most damning was a $7.5 million payout made in 2005, and kept under wraps from regulators, reportedly to a manicurist who said she d been forced to have sex with her boss against her will, right on Wynn premises.

Regardless of who s telling the truth and we may never know the reputation and legacy of someone who was once a visionary and pioneer has crumbled, and this opera will definitely be categorized as a tragedy.

And in the span of a little more than two weeks, Steve Wynn has moved from mythic hero to despised antagonist, joining Hollywood mogul Harvey Weinstein, former US Senator Al Franken, world-famous Las Vegas chef Mario Batali, and now-deceased media kingpin Roger Ailes on the list that no one wants to be on.