Wynn Breaks Ground On Succession Plan
Wynn Resorts Ltd. has granted CNN the opportunity to interview Steve Wynn's #2 Chief Operating Officer Linda Chen.
Ms. Chen delightfully pledges her respect and admiration of Steve Wynn and mentions his long career ahead when questioned about her being groomed for the top spot if and when Steve retires.
Interviews at this level - except with the media master himself - are thoroughly canned. The questions are prepped and swarms of PR people sit in on interviews ready to strike comments, check facts and provide answers should the interviewee step in it. Wynn knew that CNN was going to ask about Linda being "the new number 2."
Steve has proclaimed his undying admiration for Chen in the past, noting that Wynn Resorts "is a Chinese company" and mentioning that Ms. Chen would be his pick to succeed him as Chairman and CEO.
So what does this mean? FOR REALS? Why the introduction? Is there something we don't know? Is the Steve preparing us for the possibility that the unveiling of Wynn Palace will be his last as boss of his own company? Or is he laying the foundation for a flawless transition of power that will satisfy shareholders - primarily himself?
Which leads us to our next story, and question... shouldn't he have really spend his time training his nephew/protege Andrew Pascal to take over the family business?
Big thanks to VT reader/Vegas Gang listener @vegaspilgrim for the tweet tip.
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