Women on Wynn Resorts board host panel on diversity, equality

Wynn Resorts Ltd.’s recent addition of three women to its board of directors is only the beginning of the company’s cultural diversity movement.

Dee Dee Myers, Wendy Webb and Betsy Atkins were appointed last month. They joined the fourth female board member, Pat Mulroy, on Monday for a one-hour Women’s Leadership Forum panel discussion for Wynn Resorts employees.

About 500 people attended at the resort’s Encore Theater for the event, which was streamed for employees in Macau and Boston.

Part of a “Women Who Thrive” speaker series, the panel was the first event that is part of a cultural transformation new CEO Matt Maddox is pushing after founder and former Chairman and CEO Steve Wynn was accused in January of harassing employees over three decades. Wynn has denied all allegations.

Myers, Webb, Atkins and Mulroy discussed gender equality, equal pay and empowerment experiences in their careers, then fielded questions from the audience.

They indicated that the diversification of the board is just beginning.

“A lot of (the challenges) we’re facing, these are challenges corporate boards have never faced before,” Mulroy said in a Q&A with media members after the panel. “The skill set you need on a board and on a leadership committee is very different from that which you may have sought out in the past.”

Corporate boards of the 1970s through ‘90s were looking for different qualities than boards of today, Mulroy said.

“It’s different than today because the investment community is looking for a different response on different issues than just bottom-line shareholder returns,” Mulroy said. “We have to be able to reflect that, and we need to embrace it.”

The new board members’ corporate experiences prepared them to address some of the previous board’s shortcomings, which Mulroy described as “tone-deafness.”

“I think as women we all face a different set of challenges, but whether you put those in a harassment box is a different conversation,” she said. “Was there tone-deafness? Was there a lack of understanding of perspective that women could bring? Absolutely.”

The composition of the Wynn board is expected to take an even bigger turn after John Hagenbuch’s announcement Monday that he would not run for re-election at the company’s annual meeting Wednesday. Former Gov. Bob Miller — who, with Hagenbuch, are the two longest-serving board members — announced Monday he had resigned from the board, effective immediately.

“For us, it’s moving as quickly as possible,” Mulroy said. “There’s a skills matrix. We need certain skill sets on this board. We also need to represent certain geographies that the company is involved in. Then, if we can see if there are candidates that bring some ethnic diversity to the board within that larger need for the board’s refreshment, then that’s where we would go.”

The panelists said they would look at philosophies that more closely resemble those of the Wynn Resorts customer base and workforce.

“When you have a broad range of thinking, as all of us have said at various times, you get the best decisions,” Mulroy said. “If everyone is the same, they see the same opportunity — and we miss it.”

Contact Richard N. Velotta at rvelotta@reviewjournal.com or 702-477-3893. Follow @RickVelotta on Twitter.

Lehman Brothers bet big on Las Vegas
Lehman Brothers collapsed 10 years ago, helping send the country into the Great Recession.
Fremont9 opens downtown
Fremont9 apartment complex has opened in downtown Las Vegas. (Marcus Villagran/Las Vegas Review-Journal) @marcusvillagran
Ross & Snow launches in Las Vegas
Luxury shoe brand Ross & Snow has opened in Las Vegas, featuring "functional luxury" with premium shearling footwear. (Bailey Schulz/Las Vegas Review-Journal)
Remote Identification and Drones
DJI vice president of policy and public affairs discusses using remote identification on drones. (Bailey Schulz/Las Vegas Review-Journal)
Drones and public safety in Nevada
Two representatives in the drone industry discuss UAV's impact on public safety. (Bailey Schulz/Las Vegas Review-Journal)
Frontier Airlines to launch flights from Las Vegas to Mexico
Frontier, a Denver-based ultra-low-cost carrier, will become the first airline in more than a decade to offer international service to Canada and Mexico from Las Vegas when flights to Cancun and Los Cabos begin Dec. 15. (Rick Velotta/Las Vegas Review-Journal)
MGM Resorts International CEO Jim Murren addresses Oct. 1 lawsuits
MGM Resorts International Chairman and CEO Jim Murren addresses criticism his company has received for filing a lawsuit against the survivors of the Oct. 1 shooting. (K.M. Cannon/Las Vegas Review-Journal)
MGM Resorts International opens the doors on MGM Springfield
Massachusetts’ first hotel-casino opens in downtown Springfield. The $960 million MGM Springfield has 252 rooms and 125,000-square-feet of casino. (K.M. Cannon/Las Vegas Review-Journal)
MGM Resorts International prepares to open MGM Springfield
Las Vegas-based MGM Resorts International gave news media and invited guests a preview of the $960 million MGM Springfield casino in Massachusetts. The commonwealth's first resort casino will open Friday, Aug. 24. (K.M. Cannon/Las Vegas Review-Journal)
A Walk Through Circus Circus
It only takes a short walk through Circus Circus to realize it attracts a demographic like no other casino on the Strip: families with young children. (Todd Prince/Las Vegas Review-Journal)
Morphy Auctions, a vintage slot machines seller, wants gaming license
Vice president Don Grimmer talks about Morphy Auctions at the company's warehouse located at 4520 Arville Street in Las Vegas on Thursday, Aug. 16, 2018. (Rick Velotta/Las Vegas Review-Journal)
Nevada's venture capital money doesn't stay in state
Zach Miles, associate vice president for economic development for UNLV, said there’s venture money in Southern Nevada, “but trying to find the right groups to tap into for that money is different.” According to a 2017 report from the Kauffman Foundation, Las Vegas ranked number 34 out of 40 metropolitan areas for growth entrepreneurship, a metric of how much startups grow. With a lack of growing startups in Las Vegas, investment money is being sent outside of state borders. The southwest region of the U.S. received $386 million in funding in the second quarter, with about $25.2 million in Nevada. The San Francisco area alone received about $5.6 billion. (source: CB Insights)
Neon wraps can light up the night for advertising
Vinyl wrap company 5150 Wraps talks about neon wraps, a new technology that the company believes can boost advertising at night. (Marcus Villagran/Las Vegas Review-Journal) @brokejournalist
Nevada on the forefront of drone safety
Dr. Chris Walach, senior director of Nevada Institute for Autonomous Systems, talks to a reporter at NIAS's new Nevada Drone Center for Excellence of Public Safety, located inside the Switch Innevation Center in Las Vegas. K.M. Cannon Las Vegas Review-Journal @KMCannonPhoto
Motel 8 on south Strip will become site of hotel-casino
Israeli hoteliers Asher Gabay and Benny Zerah bought Motel 8 on the south Strip for $7.4 million, records show. They plan to bulldoze the property and build a hotel-casino. Motel 8 was built in the 1960s and used to be one of several roadside inns on what's now the south Strip. But it looks out of place today, dwarfed by the towering Mandalay Bay right across the street.
Project billed as one of the world's largest marijuana dispensaries plans to open Nov. 1
Planet 13 co-CEO Larry Scheffler talks about what to expect from the new marijuana dispensary, Thursday, July 19, 2018. (Marcus Villagran/Las Vegas Review-Journal) @brokejournalist
Oasis Biotech opens in Las Vegas
Brock Leach, chief operating officer of Oasis Biotech, discusses the new plant factory at its grand opening on July 18. (Bailey Schulz/Las Vegas Review-Journal)
UNLV Tech Park innovation building breaks ground
Construction on the first innovation building at the UNLV Tech Park is underway. (Bailey Schulz/Las Vegas Review-Journal)
Caesars Forum Meeting Center
Caesars broke ground Monday on its $375 million Caesars Forum Meeting Center (convention center) just east of the High Roller observation wheel. (Caesars Entertainment)
Technology reshapes the pawn shop industry
Devin Battersby attaches a black-colored device to the back of her iPhone and snaps several of the inside and outside of a Louis Vuitton wallet. The device, installed with artificial intelligence capabilities, analyzes the images using a patented microscopic technology. Within a few minutes, Battersby receives an answer on her app. The designer item is authentic.
Recreational marijuana has been legal in Nevada for one year
Exhale Nevada CEO Pete Findley talks about the one year anniversary of the legalization of recreational marijuana in Nevada. (K.M. Cannon/Las Vegas Review-Journal)
Young adults aren't saving for retirement
Financial advisors talk about saving trends among young adults. (Bailey Schulz/Las Vegas Review-Journal)
News Headlines
Add Event
Home Front Page Footer Listing
You May Like

You May Like