Skip to main content

Elaine Wynn Wants To Know Where Institutional Shareholder Services Gets Off

You don't see Ms. Wynn prying into what's going on at ISS, do you?
  • Author:
  • Updated:

The Wynns!

In 1967, Steve Wynn and his bride Elaine moved to Las Vegas, where they invested their profits from his family's bingo operation in the charmingly named Golden Nugget, changed almost everything about the place, and made a name for themselves by classing up downtown Vegas. The Mirage, Treasure Island, the Bellagio, and Wynn Resorts came after that, as did a divorce, remarriage, and second divorce for the Wynns. Unlike many an uncoupled couple, the Wynns maintained an amicable relationship, with Elaine keeping her board seat as well as a sizable percentage of the company. Sure, there were bumps along the way-- for instance, Lady Wynn sued her ex-husband in 2012 (a year after he picked up a new wife) over certain restrictions on selling her shares-- but all in all, the two seemed to get along a lot better than, say, Steve and Patricia Cohen, or Ken and Anne Dias-Griffin.

Things took a turn for the "Rot in hell a**hole," however, when the Wynn directors decided earlier this year they want Elaine off the board, forcing her to nominate herself, running on the platform that "These guys don’t know a Manolo Blahnik from a...flip flop" and that she's the only one willing to stand up to Steve. Elaine will find out her fate on April 24 (the day of the company's annual meeting), but ahead of time proxy-advisory firm Institutional Shareholder Services has decided to wade into matters of post-marital discord, sticking its nose where Elaine Wynn is pretty sure it doesn't belong.

Steve and Elaine 2.0

The report recommended investors protest “manifest failures” of corporate governance at Wynn by boycotting the election and withholding support from both Ms. Wynn and the company’s nominees. “I don’t know how they get self-anointed…or where they get their aura of invincibility,” Ms. Wynn said in a Saturday interview, dismissing issues raised by ISS.

And ISS isn't the only one Elaine Wynn has a right mind to mind its own god damn business.

On Monday, Ms. Wynn’s campaign got more bad news when a report by Glass, Lewis & Co.—a smaller but still influential proxy-advisory firm—recommended investors vote for Wynn Resorts’ board candidates, John J. Hagenbuch and J. Edward Virtue, instead of for Ms. Wynn. The firm said it agreed with the casino operator’s point that a lawsuit Ms. Wynn filed against Mr. Wynn created a conflict of interest. “Glass Lewis got it wrong,” Ms. Wynn said in a written statement Monday, reiterating her call for investors to vote for her given the experience and diversity she brings to the board and the fact that she is a major shareholder.

As the woman who brought class to the Strip, Elaine isn't going to stoop to the proxy firms' levels. But if she was going to, she'd remind them that she doesn't come down to their offices and slap the d*cks out of their mouths.

Elaine Wynn Speaks Out After Proxy-Firm Rejections [WSJ]


Elaine Wynn Wants You!

Steve Wynn's has a special job for you.

Steve Wynn Comes Up With Other Reasons He Shouldn’t Have To See His Ex At Board Meetings

Wynn is taking a page from Patricia Cohen's spurned ex-spouse playbook.

Area Big Time Banker Can't Get Laid In A Whorehouse, Wants People To Know About It

What would posses a person to do an as-told-to article about the fact that after "failing miserably" at trying to pick up women in bars while working late for a "big name investment bank in New York," he turned to a "sugar daddy dating site" to bang hookers on his nights away from the wife and kids only to fall for one who ultimately broke his heart, because she was a prostitute and didn't actually care about him? The answer, quite, obviously, is love. Love, and a hope that a certain someone will see your story and upon reading that you're completely and totally over her and beating off call girls with a stick, COME RUNNING BACK. I met a girl who said she was a senior at Columbia University. She was so hot. Long brown hair, light eyes, perfect little body. We started an affair and I would give her a $4,000 "allowance" each month to meet once a week for dinner, or just to sleep together if I had a deal or a really late night in the office. Sometimes it was an hour of "small talk and sex," which, really, isn't a bad deal for her. $1,000 for an hour to spend time with me. I felt like a stud, there's no denying that, and I knew that she didn't want anything from me but money. She would come and go away when I made the signal I was tired. Soon though, I started liking her more than I wanted to. She was smart and kind of had a sarcastic sense of humor I found funny. I asked to see her more and she asked for more money. I said I couldn't do any more than that, and she said she couldn't give more time. It was the first time I felt a little hurt, like: "This person just wants my money and probably thinks I'm some gross horny old dude." The next month, I gave her the envelope of $4,000 upfront instead of $1,000 each time. We had sex, chatted, drank some wine and she left. I never saw her again. She wouldn't pick up her phone, then her phone was disconnected, my emails to her went unanswered, and her profile on the site was gone. It was such a blow. Though, really, what the hell did I expect? I guess some warning. Yes, some warning would have been nice but whatever. It's not like you're still upset about it. It's not like there isn't a moment of the day when she's not on your mind. It's not like you lie in bed at night thinking about her holding you. No, no sweat off your sack, which you use to bang hookers six at a time now that whatshername is out of the picture. Working girls line the street to get paid to have sex with you! You don't even have time to respond to all their propositions! The Jiltee has become the jilter! You can't even remember [theloveofyourlife]'s name you're so busy plowing prosties. After that, I decided I was going to go for quantity and not quality. I want hot girls, but a lot of them and substance isn't a huge deal. I have been with dozens of girls, and I give them money each time I meet them. The funny thing is often these girls are chasing me to sleep with them again, because it's easy money, but I just scroll through and delete or ignore the messages most of the time. Men want to be with a lot of women; it is just the truth...Maybe that first girl was a wake-up call. I'm already married. I don't need a steady mistress. But I have one or two I always go back to if I can't find someone I like, which happens a lot....I'm not hurting anyone by doing this. I'm always safe and upfront if I meet someone and know it won't happen. I just pay for the drink and let them know and leave, like "No deal, sorry." It is just like any deal. You have to know how to close it and have to know when you're not interested in putting in the effort to see it through. Why This Married Wall Street Banker Pays For Sex [Buzzfeed]