Turning a blind eye

“Nevada: Wynn Resorts Executives Ignored Sexual Misconduct Claims Against Steve Wynn,” The Wall Street Journal, January 29, 2019. Executives allegedly aware of sexual misconduct claims against the boss have all since left the company.

What does it say about Governance (culture) and Compliance (law and policy, enforcement) when the boss pays million-dollar settlements, and the company agrees to pay a fine, but the executives charged with protecting the employees and the shareholders all just quietly leave?  How much of the damages caused do those executives pay, versus how much do the remaining shareholders pay?

The executives include 3 general counsels, one president, one president and COO, a vice president, and an HR director.

It’s lonely at the top, I guess.

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Filed under Theme Three: Compliance, Theme Two: Governance

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