Read the Case “Corporate Governance and Executive Misconduct at Wynn Resorts” at the end of Chapter 13 and response to the following:
- 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?
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