IBD Editorials
Investors Business Daily
7/19/2011
Las Vegas CEO Steve Wynn drew attention for a boardroom rant denouncing the intolerable business climate fostered by the White House. He’s hardly the first. What’s happening is emblematic of a bigger problem.
In a Monday conference call, the casino magnate credited with revitalizing Las Vegas blasted President Obama, declaring him “the greatest wet blanket to business, progress and job creation in my lifetime.”
The blast was remarkable for two reasons: Wynn has been a staunch supporter of the Obama administration from the beginning and still considers himself a Democrat. But even more remarkable, it’s been out of character for CEOs such as Wynn to express their views in such blunt terms on political matters…
…Wynn’s words resonate because America’s weak economic growth and high unemployment can be laid in large part to the inexperience of this president and his just-as-callow advisers. In such a climate, it’s no surprise that executive outbursts are erupting like lava from scorched earth. Wynn’s remarks echo those on a lengthening list of CEOs…
Read the entire editorial at Investors.com
