William weidner hollywood casino aurora11/15/2023 Weidner said the company had received a “going concern” qualification from its auditors, raising the possibility that it could fail without corrective action. After consulting with his own attorney, he submitted an ultimatum to the board of directors in October of that year: Create a “rescue committee” and give him the authority vested in Chairman and CEO Sheldon Adelson, or he would leave the post he had for 14 years. The company’s finances had continued to deteriorate as the recession deepened in 2008, yet he saw no effective response, according to his testimony. William Weidner’s turn on the witness stand Wednesday quickly skipped to his tumultuous final months as president and chief operating officer of Las Vegas Sands Corp., culminating in his March 2009 departure. Weidner recounted executive suite intrigue in the trial in which former Sands consultant Richard Suen seeks a $328 million fee for what he depicts as his critical help in the company gaining its valuable foothold in Macau. Bill Weidner, former president and chief operating officer of Las Vegas Sands Corp, testifies Wednesday in Clark County Regional Justice Center in Las Vegas.
0 Comments
Leave a Reply.AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |