Read the Case â€œCorporate Governance and Executive Misconduct at Wynn Resortsâ€ at the end of Chapter 13 and response to the following:
- Do you think Steve Wynnâ€™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 Resortsâ€™ 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?