Outspoken Wynn Resorts Chairman and CEO Steve Wynn says he shares some of the same frustrations as the Occupy Wall Street movement and that he is reluctant to invest in the U.S. until he has more confidence in the government's economic policies.
"That group is quite diverse," Wynn said of the crowd at Zuccotti Park. "There are people in there that think that government should give them more just because they are alive. There are people who are opposing government spending. There are people there that are opposing bailouts."
Wynn says they all reflect "anxiety, insecurity, fear," about the way the government is handling taxpayers' money.
Wynn made his remarks to analysts during the company's earnings call Wednesday afternoon. He told analysts that, unlike many protestors, he doesn't blame Wall Street and the banks for what's wrong. He blames deficit spending. "I am watching my employees' standard of living drop because of deficits."
Wynn says even though he's given his U.S. workers two cost of living increases, "people working for me are being paid in 80-cent dollars, on their way to 70-cent dollars...the net result of all this is frustration, anxiety and anger."Page 1 of 3 | Next Page