\nLas Vegas Sands Corp. has weighed how much authority Chief Executive Sheldon Adelson should turn over as the company searches for a new president.<\/p>\n
\tMr. Adelson, the 80-year-old CEO, chairman and biggest shareholder at Sands LVS +0.72% , has told some people at the company that he would consider ceding the CEO title if needed to draw the right candidate to succeed President and Chief Operating Officer Mike Leven, his 76-year-old second in command, a person familiar with the matter said.<\/p>\n
\tLast week, the company told people involved with the search that the president\u2019s job could be upgraded, people familiar with the matter said. More recently, however, Sands has indicated that the CEO job wasn\u2019t in play, one of the people said.<\/p>\n
\tSands said the search is only for a president. \u201cIt\u2019s not true that Mr. Adelson might cede his CEO title to whoever replaces Mr. Leven,\u201d said Ron Reese, a Las Vegas Sands spokesman.<\/p>\n
\tTo a degree, the question of title is academic. The person inevitably would have to answer to Mr. Adelson, who controls more than half the company\u2019s stock and holds sway over the board. If Mr. Adelson were to give up the CEO spot, he would remain chairman indefinitely, one of the people said.<\/p>\n
No replies were posted for this topic.<\/p>\n","protected":false},"excerpt":{"rendered":"
Las Vegas Sands Corp. has weighed how much authority Chief Executive Sheldon Adelson should turn over as the company searches for a new president. Mr. Adelson, the 80-year-old CEO, chairman and biggest shareholder at Sands LVS +0.72% , has told…<\/p>\n","protected":false},"author":36,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[10],"tags":[],"class_list":["post-7442","post","type-post","status-publish","format-standard","hentry","category-latest-casino-news"],"_links":{"self":[{"href":"https:\/\/forumarchives.tmsites.net\/index.php\/wp-json\/wp\/v2\/posts\/7442","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forumarchives.tmsites.net\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forumarchives.tmsites.net\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forumarchives.tmsites.net\/index.php\/wp-json\/wp\/v2\/users\/36"}],"replies":[{"embeddable":true,"href":"https:\/\/forumarchives.tmsites.net\/index.php\/wp-json\/wp\/v2\/comments?post=7442"}],"version-history":[{"count":0,"href":"https:\/\/forumarchives.tmsites.net\/index.php\/wp-json\/wp\/v2\/posts\/7442\/revisions"}],"wp:attachment":[{"href":"https:\/\/forumarchives.tmsites.net\/index.php\/wp-json\/wp\/v2\/media?parent=7442"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forumarchives.tmsites.net\/index.php\/wp-json\/wp\/v2\/categories?post=7442"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forumarchives.tmsites.net\/index.php\/wp-json\/wp\/v2\/tags?post=7442"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}