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The rise of 'conspicuous waiting': The 19th-century economic theory that explains why Gen Z posts their place in line

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The rise of 'conspicuous waiting': The 19th-century economic theory that explains why Gen Z posts their place in line

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Millennials say they’ll refuse to care for aging boomer parents—but they’ll be forced to as their inheritance shrinks to 40 cents on the dollar

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Tim Cook signed off on his final Apple earnings call with a warning about a ‘100-year flood’ in memory chip pricing

Wynn Resorts’ Sexual Harassment Issues Continue One Year After Steve Wynn’s Departure

By
Christopher Palmeri
Christopher Palmeri
and
Bloomberg
Bloomberg
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By
Christopher Palmeri
Christopher Palmeri
and
Bloomberg
Bloomberg
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February 21, 2019, 5:40 PM ET
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Among the many changes Wynn Resorts has made in the wake of a sexual harassment scandal that toppled its founder Steve Wynn, its executives and their families are no longer allowed to avail themselves of spa services such as massages at the company’s hotels.

The Las Vegas-based casino resort operator has also eliminated some in-room guest services, such as manicures and haircuts. All salon and housekeeping staff will be given electronic devices to call for help if they are harassed or attacked, according to an internal document obtained by Bloomberg.

The company’s founder and chief executive officer stepped down a year ago following reports of sexual harassment and misconduct. He said all acts were consensual, although the executive sold all of his Wynn Resorts shares and moved out a company-owned villa.

Wynn Resorts is still coping with the fallout of the scandal. A Nevada complaint against the company detailed allegations of sexual harassment by seven employees, including four who worked at a salon or spa.

The Nevada Gaming Commission is scheduled to meet Feb. 26 to rule on a negotiated settlement between Wynn Resorts and the state. The company is expected to pay a fine, but not lose its license. Massachusetts regulators recently agreed to settle a suit brought by the billionaire over access to documents for their investigation into the company. The gaming commission there is expected to hold a hearing shortly to determine whether Wynn Resorts is still allowed to open a new casino outside Boston in June.

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