elaine wynn's spokesperson calls the release of the letters unfortunate and points out elaine is not pushing for a spot on the board herself sent a response letter accusing the chairman of spreading around fiction and once again requesting to meet alone with the new directors. a lot of back and forth here, melissa. >> elaine wynn is a larger shareholder now. right? >> correct. >> owns 9% of shares and an adversarial relationship. >> something she keeps pointing out saying, come on. if they had man there largest shareholder, would they be talking about and to their largest shareholder this way it's part of the problem in the way the management and board is proceeding. >> making it a gender issue as opposed to divorced from steve wynn, many board members are connected to, too closely? >> also equally concerned they are only seeing her as an ex wife and rather -- rather than, she points it out, describes herself as a co-founder who helped build this business into what it was. >> right all right, contessa thank you. contessa brewer from the newsroom. >> on top of the story talking about

. >> in the war of the wynns, elaine wynn versus wynn resorts, elaine wynn to the board's chairman afterhe chairman and the board released a slue of back and forth letters, made them public over elaine wynn trying to meet with the three new directors newly appointed. here is elaine wynn's latest weather. your rejection of my perfectly reasonable request starts with the fiction that good governance requires that i meet with the entire board and the ceo at the same time. she only wanted to meet with the three women. you then use that as the basis for saying such a meeting could take place only after the annual meeting. that's on wednesday. another fiction because it's clear the entire board will be in town the night before the meeting. there's this tug of war going on, especially over legacy director appointed directly by steve wynn and has no business being on the board, much less on the commission investigating the misconduct allegations she's trying to get shareholders to side with her and not re-elect him the shareholder meeting is on wednesday and there's a lot of back and forth today

. >>> later, elaine wynn to the rescue. fighting for control of the company and it is -- and it's sending the stocks back to all-time highs. we're live from new york city. much more "fast money" right after this. for the sales team, it and the warehouse crew. give us the data we need. in one place, anywhere we need it. help us do our jobs better. with domo we can run this place together. well that's that's your job i guess. ♪ i am an independent financial advisor. i left a traditional brokerage firm because i wanted to be free of their constraints. at my firm, i act in the best interests of my clients. i can tell them i'm supported by one of the world's strongest, most admired financial firms. fewer constraints, the freedom to do what's best for my clients. that's why i'm independent. charles schwab is proud to support more independent financial advisors and their clients than anyone else. visit findyourindependentadvisor.com no one thought much of itm at all.l people said it just made a mess until exxonmobil scientists put

a wild counter-salvo aim at elaine wynn, the largest shareholder of wynn resorts.he recently launched an initiative called restore wynn aimed at overhauling the board beginning with the effort to boot john haggenback at next week's proxy vote. today the board publicly get her motives in a letter to share hold he is it says as an director who was an integral part of the old wynn it's difficult to see how she will be helpful in driving our evolution. the release i go nors the fact that the majority of the board is part of old wynn as is their general counsel and the ceo who has been with the company since the beginning. in aiming for transpatientsy the board then publicized letters the to and from elaine wynn. she was trying to meet with the three women newly appointed to the board. notably the chairman writes, we expect that the discussions at this meeting would not be made public wynn's spokesperson calls the release of the letters unfortunate and points out elaine is not nominating herself for a spot on the board, that she sent a response letter today, again reque

joins with us a look at the latest chapter in this saga. >> this is an epic a lots of chapters elaine wynnng in a nevada court to delay wynn resorts from holding its annual shareholder meeting two weeks from today as seld scheduled the company cofounder and now the larger shareholder said the science companies failed to provide her with a list of shareholders she believes this is ann an effort to stop her from persuading other shareholders from voting with her elaine wynn prepared a presentation for the shareholders and is pressing for all kind of change, laying out specific challenges about the way the company failed to deliver maximum value to its investors. she accuses these legacy directors of a conflict of interest where the boston casino is concerned and insist as sale could destroy shareholder value. and she's pressing for more independent and oversight on the board. all around, she wants improved corporate governance i have been told i view this back and forth with the company as a positive. she acting as a grain of sand in the oyster she wants a pearl out of this. there are times

there's been a break in the battle for the board for the time being the target of elaine wynn's newlyf the company, that director has stepped aside just two days ago along with the longest serving director, noformer nevada goverr bob miller what does it mean next for elaine wynn? she has a chance when she goes in today and may be given more time to explain what her priorities for this company now, she has launched an initiative called renew wynn. we're going to hear from matt maddox, the big investor concerns, of course, is revenue in macao, what the las vegas development plans look like and what his plans are for the new phase of wynn resorts. we're likely to hear, i'm told, from the board director now heading up the investigative committee without john hagen book, who was the third member of the team. she says the committee will finish its work with two board members now and she's likely to give shareholders a brief update on that as well. okay, some of the other issues that investors will have to consider the city of new york pension fund is pushing shareholders to vote the way tha

geographies, and focusing on the business of the business which is delivering premium service. >> now, elaine wynn ceo and founder steve wynn this is made up of people close to steve wynn. maddox served as a groomsman in steve wynn's wedding i asked her if it creates a problem moving forward >> i think that in any company where you've had an iconic founder who has actually created the las vegas of today, you know, he's somebody that everybody admires and learns from and, you know, he was a large figure and touched everybody in the industry so i think that there's probably a pretty large circle of people that have been influenced by him. >> what do you think of matt maddox and his ability to step into the ceo shoes >> what i think is remarkable is how smooth the succession has been the company hasn't missed a beat his leadership team is very cohesive amazing clarity of vision and priorities on moving forward the business, achieving great financial performance, expanding in boston, and looking for other major opportunities. >> i also talked to pat milroy now they've lost hoggenbuck who was part of t

. >> elaine wynn did not choose to speak. she's gratified by the investors response to her and restore wynn initiative she was glad to hear that maddox says that boston harbor is not for sale they are also now one of the lead plaintiffs along with new york city pension funds in a shareholders lawsuit against wynn resorts >> what are the damages? >> the share price as are backup to where it was in january >> there has been losses and in other words, you could have had better gains >> reporter: and another shareholder asked maddox how wynn will benefit on sports gambling he was measured in his response. they would take away approach and monitor the progress state by state but especially in massachusetts is where it might matter he was firm in his instance, it would have no negative impact on las vegas. people come here to party and not to put a bet on a game guys >> all right, contessa, thank you, in las vegas. maybe they don't go to wynn to bet on a game because they don't have a book. >> the other side of that coin would be th

the shareholder meeting today with this battle over the board settled, at least for the moment, elaine wynndirector john hugbuck stepped aside as well as former nevada director bob miller this means the board is 50/50 men and women. matt maddox has been persistent in clearing what he called distractions expecting to hear from him in the annual shareholder meeting about some of the big investor issues of concern, macau revenue, las vegas development and a path forward in the new wynn looks like. the guidance we're getting is board director pat mullroy who heads up the internal investigative committee will talk about the committee's work. what she told me on monday they will stay in sync with the massachusetts gaming commissions' investigation as well but will release some portion of that report when it's made public or when they come to their conclusion we were also told that elaine wynn may be given slightly more time, given her status as the largest shareholder of this company and when she talks we're going to be watching for indicators here about what battles she's prepared to take on nex

. >> elaine wynn was making a lot of trouble for these guys.much so that i think they closed down the meeting. because of noise, fears of people jumping up and making trouble. anyway, i think it's probably good that -- >> like jumping on the table what do you mean jumping up to make noise there was a lot of noise outside. >> a lot of noise. >> shut down the meeting >> someone might jump on the tables >> i didn't mean they're going to jump up and down on the table. i meant they were going to make a lot of noise in the board meeting because she had wanted people to withhold their votes >> i am glad you clarified that gives nee the information i'm looking for. >> just ask leslie they closed the meeting. anyway >> let's move on >> agilent is falling. the s&p's biggest laggard today because of weak guidance down 8.5%. >> it's not an expensive stock today, it got even cheaper i just feel like given what's going on in the xlk, given the leadership of the technology group, this is like not the right pond to fish in. there are companies in better spaces

from the legacy director, who is the subject of so much controversy in this activist fight between elaine wynn stand for re-election, and robert jay miller resigned from the board we also just got a note here from the controllers office in new york city urging shareholders not only to withhold votes from john, but also from papatricia, only woman on the board, and she was heading up the company's investigation into the sexual harassment allegations against steve wynn this is big news we'll get impact and fallout from that coming up. >> if i see a third iphone in the mix, two iphone stories are crazy enough - >> wait, did you see that? wait how many -- wait, you know, when you have a lot of news, and this one is still attached to my producer >> that is the third >> i shoud give thld give that t this point >> thank you very much, following it all there in las vegas. shares of twitter closing up 2% today, rallying 17% in the last week, by the way, and should investors give the stock a follow joining us now are "fast money" traders, pete and guy. in the stance. oh, what do you think, guy, about th

the operator sent a letter to shareholders saying elaine wynn's campaign to remove board members is undercuttingynn says they should be removed as the company tries to change out their culture. wynn herself is actually part of the old guard. >> she's not only the largest shareholder, she owns about 10% of the company so you're not talking about a one or two or three percent owner in this situation. >> she sat down with jim stewart in "the new york times" in vegas and goes through a whole litany of things wrong with the company and why she's doing what she's doing. >> and it didn't stay in vegas >> it did not stay in vegas. it's worth a read because it gets right to the issue of what this whole fight is about. >> and to wrap this up, wynn's former ceo steve wynn shares something in common with ceos who received top pay in 2017 many of them are gone off the job. a study shows of last year's 20 highest paid ceos, 8 are no longer in the role that does include csx's hunter harrison who passedaway. while the others departed because of deteriorating financial performance or other issues martin one of t

we've been involved in that change at wynn resorts where they just recently added three females to the board in restructuring that a bit against elainee fact they're getting a more representative board with a lot more females involved at it we use that as an additional example of change being received positively the stock's been up on the news. going back to destination maternity, they're going forward and focusing on their clothing lines. post-childbirth, it's something they really missed and also, too, we had a board and management team. we're excited to see a management team and a board that will want to reinvest in the company. >> i have learned so much more about this company today than in the last couple months thank you very much. trip miller, leslie picker on the story for us >> thank you. >> we did ask iss to join the conversation about this but they declined >>> coming up, big box retailers fighting against amazon in store and online whether they can compete we'll get into that next >>> then on "fast money," the president of coinbase has a majority announcement that will impact the entire krcryptospace. you don't want to mi