CEO Smackdown: Southwest vs. Wynn

By Isaac Pino | More Articles
February 7, 2012 | Comments (1)

The following video is part of our "Motley Fool Conversations" series, in which editor/analyst Isaac Pino and consumer goods editor/analyst Austin Smith discuss topics across the investing world.

In today's edition, Isaac and Austin debate the merits of two highly regarded CEOs. As part of an ongoing series, find out which leaders possess the vision and strategy to provide market-beating returns for shareholders in the years to come.

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Report this Comment On February 07, 2012, at 2:57 PM, cp757 wrote:

While I can't agree with what you are saying about Steve Wynn going forward he "was" doing well in the past. Steve Wynn was not the fist to Macau the Sands Macau casino owned by LVS opened on May 18, 2004 and paid off the loan in a little over a year.Wynn opened on September 6, 2006 two years later. That casino was as a result of his partnership with Kazuo Okada who invested in the company . Steve Wynn does not own a majority of the shares in WYNN Kazuo Okada own's the most with 20% and Steve Wynn is in a battle over control of the company with him . Steve Wynn fired Kazuo Okada after he tried to get Steve Wynn to go into Manila. Now Kazuo Okada is spending 2 billion dollars on the casino in Manila and will be the first in line for Japan. Okada is in a battle to take over control of the company to have more influence on the board of directors two seats, including Elaine Wynn's are up for grabs and it may be hard for Steve Wynn to block. An agreement signed in January 2010 requires Wynn, chairman and CEO, to vote his and his ex-wife’s shares in favor of Okada’s nominees .Okada will take control of the board of directors because Steve Wynn signed that contract . My question is why did Steve Wynn sign?Your understanding of Steve Wynn was correct in the past not in the future.

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