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Joe Nocera

A #MeToo Tale of Two Corporate Boards

The founder of Wynn Resorts held on as shocking allegations piled up. Lululemon's CEO was out in a blink.
The meaning of oversight.

The meaning of oversight.

Photographer: Cimmerian/Getty Images
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On Monday afternoon, the Wall Street Journal broke the news that Steve Wynn, the chairman and chief executive of Wynn Resorts Ltd., had hidden a $7.5 million payment to "a woman who accused the casino mogul of forcing her to have sex." It was the latest in a 10-day string of revelations about Wynn’s sexual behavior, going back decades, that has left him bruised in the press yet still in control of his empire.

About an hour and a half later, Lululemon Athletica Inc. announced that Chief Executive Laurent Potdevin had resigned “effective immediately.” He’d steered the company back on track after a scandal involving its founder, but it didn’t matter. Potdevin had fallen short of the company’s “standards of conduct,” the release said. His trangression was not spelled out, but it was easy enough to surmise in this #MeToo moment.