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DiNapoli: Wynn Resorts needs to disclose political contributions.

Just when Wynn Resorts thought it thwarted one angry shareholder, another crops up. New York State Comptroller Thomas DiNapoli on Tuesday urged the casino operator to disclose all of its political spending. “Shareholders have the right to know if their investment dollars are being spent on political agendas that are not in the company’s best...
Time: 14:09     Date: 16.05.2018
Last US Business News: DiNapoli: Wynn Resorts needs to disclose political contributions. NY Post 24 - US News

New York State Comptroller Thomas DiNapoli on Tuesday urged the casino operator to disclose all of its political spending.

“Shareholders have the right to know if their investment dollars are being spent on political agendas that are not in the company’s best interest,” DiNapoli, who serves as trustee of the $209 billion New York State Common Retirement Fund said in a statement.

DiNapoli also asked that shareholders withhold their votes on incumbent board members, citing their failure to perform their fiduciary duty to the company during Steve Wynn’s time at the helm of the company.

Wynn resigned from his post in February following a Wall Street Journal report that depicted an alleged history of sexual misconduct.

Wynn has denied the allegations.

On Monday, board member John Hagenbuch decided not to stand for re-election, following a proxy campaign led by Wynn’s ex-wife, Elaine. Board member Robert Miller also resigned.

Wynn Resorts shareholder meeting is on Wednesday.

Reps from Wynn Resorts declined to comment.

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Metro

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