Mr. Milani discusses how sexual misconduct allegations have started impacting shareholder value and reputation. A case study now exists in Wynn Resorts. After The Wall Street Journal uncovered multiple sexual misconduct allegations against Casino mogul Steve Wynn, the company’s stock fell nearly 20 percent. Wynn resigned a week later, but the company’s troubles were far from over. The company’s stock has lost $3 billion in value. The first shareholder lawsuit was filed the day that Wynn resigned, and, to date, three suits by shareholders claim that Wynn and the Board breached their fiduciary duties to the company and its shareholders.
Tune in each week for developments that may affect your business. Click here to subscribe by email – select the checkbox next to Employment Law This Week.
Employers are strategically preparing for business beyond the pandemic. Stay up to date as you reimagine your workforce.
About Employment Law This Week
Employment Law This Week® gives a rundown of the top developments in employment and labor law and workforce management in a matter of minutes every #WorkforceWednesday.
Prefer to Listen?
Spread the Word
Would your colleagues, professional network, or friends benefit from #WorkforceWednesday? Please share the edition each week on LinkedIn, Facebook, YouTube, Instagram, and Twitter, and your connections can subscribe for email notifications.
Trouble viewing the video? Please contact email@example.com and mention whether you were at home or working within a corporate network. We’d also love your suggestions for topics and guests!
EMPLOYMENT LAW THIS WEEK® is a registered trademark of Epstein Becker & Green, P.C.