The Wynn empire has faced significant losses in the recent past, most notably in Macau but that’s not the only thing that billionaire Steve Wynn needs to be concerned about. His ex-wife Elaine Wynn was not re-nominated to her position on the board of directors and is asking shareholders to re-elect her. Ms Wynn has filed a proxy challenge to this end.
She stated that it was a bad decision made by the board and wanted to be reinstated at the earliest. In a statement, Elaine Wynn said “For me, board membership isn’t some professional title; it’s a labour of love to which I am wholeheartedly devoted and have the tenure to prove. As stated in the company’s prior proxy statements, my four decades of experience in the gaming and hospitality businesses have been valuable to the board and important in the continued development of the Wynn brand.”