As we all known, Steve Wynn as implicated in severl sexual harrassment instances. That has caused problems for the company and people's willingness to buy its bonds.
Wynn Resorts Ltd. wants to change terms on some of its bonds to protect the company from being forced to buy back debt as a complicated three-way lawsuit progresses.
Do you guys think scandals among leadersahip should cause stock prices to dip? How much does it affect the future of the company? I guess in this case he did step down.