WWE
It was recently reported that WWE Executive Chairman Vince McMahon was spotted at Titan Towers and was back in his old office.
Further details of just what Vince is doing in his own office as WWE Executive Chairman have now been revealed.
In the current Wrestling Observer Newsletter (subscription required), Dave Meltzer wrote:
“As for Vince McMahon, there is a difference in him at the office between the Vince of before and this Vince.
“He is generally working on the sale, and hasn’t been to any television shoots yet nor at any creative meetings.
“It was noted to us that the Vince who was at the office all night and sometimes into the early morning is not the case at this point as he leaves work now at a normal time since his duties are lessened, most notably the long creative meetings.
“But even on nights without long creative meetings the old Vince would be in the office until late at night.”
On January 5, it was reported that Vince McMahon had returned to the WWE Board of Directors.
Vince McMahon had announced plans to return to WWE to “enable unified decision making through the Company’s upcoming media rights negotiations and a parallel full review of the Company’s strategic alternatives.”
Paul Levesque (Triple H) told WWE talent in a meeting before SmackDown on January 13 and before Raw on January 16 that nothing would change on the creative side of things and he would still be the person heading that up. He did say he and McMahon “may have discussions”, but Levesque is the one making final decisions.
However, it’s worth remembering that WWE did hold a meeting with employees (not talent) a week earlier and the message was “business as usual” and that no management would be changing, and then Stephanie McMahon resigned just days later, so it seems even what’s being said in the meetings is a fluid situation and things may change.
On January 6, using his power as majority owner, Vince McMahon put himself and former WWE presidents George Barrios and Michelle Wilson back on the company’s Board of Directors, disposing of JoEllen Lyons Dillon, Jeffrey R Speed, and Alan M Wexler in the process.
McMahon had stated that his intention was to facilitate a sale of the company.
He changed bylaws to ensure that no sale or media rights deal could be completed without his approval, but would later repeal several bylaw changes after lawsuits were filed against him over them.
Upon McMahon’s return, two further Board members resigned of their own volition, those being Man Jit Singh – who was the one heading up the Board’s investigation into McMahon – and Ignace Lahoud.
Stephanie McMahon then resigned from her role as co-CEO and Chairwoman and her position on the Board on January 10, as Vince McMahon was elected Executive Chairman.
On January 15, Dave Meltzer of the Wrestling Observer reported that Vince McMahon was back in his office and had been “suggesting changes” to different departments.
On January 17, WWE made a new SEC filing stating that, as of January 16, Vince McMahon no longer needs stockholders’ approval for his actions.
There has been much speculation that Vince McMahon was looking to sell to a party that would commit to keeping him in charge of the company despite the multiple sexual assault allegations that have surfaced in the past year that led to his initial ‘retirement’ in July.
There are three known lawsuits that have been filed against McMahon since his return, which you can read about here.
You can keep up with all the latest news and updates on a potential WWE sale by clicking here.
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1 year ago by Dave Adamson
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