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Elaine Wynn said http://livebettingy07.icanet.org Sinatra, after consulting with lawyers, informed her that the settlement was not an issue of concern for the company. Sinatra later issued a news release stating that Elaine Wynn only “made an oblique reference to a settlement” during their 2009 conversation. As general counsel and corporate secretary, Sinatra may have breached her fiduciary duty by not informing directors of the issue, said Jeffrey Sonnenfeld of the Yale School of Management. “She was obligated to share with the full board and outside auditors the allegations over Steve Wynn’s gross misconduct,’’ he said. The advent of the #MeToo movement has changed the way people view such actions today compared with just a few years ago, said Rebecca Gill, the director of Women’s Research Institute of Nevada at UNLV. Keeping quiet about the settlement may not have been “nearly as big of a deal” in 2009. Sinatra’s departure comes before the Massachusetts Gaming Commission announces the results of its investigation into the company. Its report is due this summer, though a date has not been set. Wynn Resorts, which is expected to open its $2.4 billion Boston-area casino next June, could potentially lose its Massachusetts gaming license.
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