Vince McMahon

Vince McMahon said he elected himself executive chairman of WWE in a bold return to the company after a sexual misconduct scandal.

Yet, because McMahon is the company's largest shareholder, he maintained a lot of power. A special committee probe [found](https://www.sec.gov/ix?doc=/Archives/edgar/data/0001091907/000109190722000124/wwe-20220930x10q.htm) that McMahon had paid nearly $15 million to four women over the course of 16 years in order to silence sexual misconduct allegations. His daughter, Stephanie McMahon, and former company president Nick Khan became co-CEOs after he retired. McMahon said that his return is necessary as the company gears up for negotiations over media rights and strategic alternatives. "My return will allow WWE, as well as any transaction counterparties, to engage in these processes knowing they will have the support of the controlling shareholder." McMahon can effectively exercise control over our affairs," the company said in a November regulatory filing.

Vince McMahon, the former World Wrestling Entertainment chief executive, who retired from the company last year following a hush money and sexual harassment ...

The board has previously turned down McMahon’s attempts to reinstate himself to the board, and three current board members would have to step down for McMahon and his associates to join, according to the Journal. It also asked McMahon to repay the undisclosed expenses. He maintains majority voting power in the company through his stock holdings, and he informed the board that he will elect himself and two former associates as a director, the Journal reported Thursday.

“The only way for WWE to fully capitalize on this opportunity is for me to return as executive chairman and support the management team in the negotiations for ...

With rights for Raw and Smackdown set to be renegotiated this year, McMahon reportedly felt that the window to sell the company was closing (some potential buyers, like streaming services, would likely want to keep the programming on their own platforms). McMahon determined, consistent with his rights as controlling shareholder, that the steps announced today are necessary to maximize value for all WWE shareholders,” the statement added. [retired in July](https://www.hollywoodreporter.com/tv/tv-news/wwe-ceo-vince-mcmahon-retires-1235184960/) after an investigation into allegations that he had sexual relationships with employees at the company and subsequently paid the women millions of dollars as part of their severance packages. “WWE is entering a critical juncture in its history with the upcoming media rights negotiations coinciding with increased industry-wide demand for quality content and live events and with more companies seeking to own the intellectual property on their platforms,” said McMahon in a statement Thursday night. McMahon wants to lead any talks about a possible sale or rights negotiations himself, he said in his statement. He has asked to be named executive chairman of the company. “The only way for WWE to fully capitalize on this opportunity is for me to return as executive chairman and support the management team in the negotiations for our media rights and to combine that with a review of strategic alternatives. McMahon’s most recent letter on December 31, Mr. The company said that it [spent $19.4 million](https://www.hollywoodreporter.com/business/business-news/wwes-vince-mcmahon-investigation-ended-up-costing-19-4m-in-expenses-1235254352/) on costs related to the investigation last year, which it completed in November. The board coup d’état comes as the WWE is said to be pursuing strategic options, including the possibility of a sale. McMahon, who still controls the company through his ownership of Class B shares, has told the WWE board of directors that he plans to name himself and two former executives, George Barrios and Michelle Wilson, as new board members. In a twist worthy of a Monday Night Raw storyline, the founder and former CEO of the wrestling giant is planning a comeback to the company after retiring amid a misconduct probe led by the company’s board of directors.

Three of the current directors will reportedly have to leave their positions to make room. McMahon, age 77, retired in the summer of 2022 amid sexual misconduct ...

[Stephanie McMahon](https://www.entrepreneur.com/business-news/stephanie-mcmahon-wwe-considering-move-into-boxing/440353) and Nick Khan have served as WWE's co-CEOs since he retired, but he may not have a beef with their leadership as much as he wants a chance to end things with the WWE on his own terms. to step down." Three of the current directors will reportedly have to leave their positions to make room.

The stock jumped double-digits after former CEO Vince McMahon said he plans to return.

WWE ](https://www.barrons.com/market-data/stocks/wwe) Vince McMahon’s Return Boosts WWE Stock.

Did you ever really believe the head of WWE wouldn't find his way back?

The company is valued at around $5 billion, and some people at the highest levels of Titan Towers are going to have their eyes do that cartoon popping thing when seeing that total. But it’s not like McMahon is known for sticking to his word or even being aware of what his word was previously. McMahon said in a statement that he will not be usurping control of the on-screen product or creative from son-in-law Triple H or anyone else. Though that didn’t really hurt [ WWE’s stock prices](https://twitter.com/BrandonThurston/status/1611110624909467651) as news of McMahon’s return slithered out, thanks to the idea of a near-future sale. And because of that status, he has declared that he will not sign off on any media rights deal or sale of the company unless he is installed as the executive chairman. His timing is certainly apt, as both of WWE’s TV deals with Fox and NBC are up in the fall of 2024, which means negotiations on the next one will start soon.

McMahon is now the executive chairman of the company with his allies and former WWE co-presidents Michelle Wilson and George Barrios joining him in the other ...

“Today, we announce that the founder of WWE, Vince McMahon, will be returning to the Board,” said Stephanie McMahon, Khan and Levesque said in a joint statement. “We also welcome back Michelle Wilson and George Barrios to our Board of Directors. Paul Levesque, known to fans as Triple H during his wrestling career, was named chief content officer and the head of creative. “WWE is entering a critical juncture in its history with the upcoming media rights negotiations coinciding with increased industry-wide demand for quality content and live events and with more companies seeking to own the intellectual property on their platforms,” McMahon said in his original announcement. Since McMahon left WWE, his daughter Stephanie McMahon took over as chairman and co-CEO alongside Nick Khan, who previously served as the company’s president. [new SEC filing](https://otp.tools.investis.com/clients/us/wwe/SEC/sec-show.aspx?FilingId=16303052&Cik=0001091907&Type=PDF&hasPdf=1#page13), JoEllen Lyons Dillon, Jeffrey R.

As controlling shareholder, McMahon has held majority voting power over the organization even after he stepped down in the wake of a sexual misconduct scandal.

Even during his leave, McMahon maintained control over the company as a majority shareholder. The stock trades with a market capitalization of more than $6 billion. McMahon can effectively exercise control over our affairs." He also said he would bring back former co-presidents Michelle Wilson and George Barrios as board directors. Wexler, were removed from their positions. [World Wrestling Entertainment](/quotes/WWE/) confirmed on Friday that former CEO and majority shareholder Vince McMahon will be reinstated to the company's board.

World Wrestling Entertainment confirmed on Friday that former CEO and majority shareholder Vince McMahon will be reinstated to the company's board.

The stock trades with a market capitalization of more than $6 billion. [during his leave](https://www.nbcnews.com/news/us-news/wwes-vince-mcmahon-steps-back-leadership-post-misconduct-probe-rcna34089), McMahon maintained control over the company as a majority shareholder. McMahon can effectively exercise control over our affairs.” He also said he would bring back former co-presidents Michelle Wilson and George Barrios as board directors. Wexler, were removed from their positions. “Today, we announce that the founder of WWE, Vince McMahon, will be returning to the Board,” WWE executives said in a Friday press release.

Majority owner comes back to pursue a possible sale of the business.

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Vince McMahon, World Wrestling Entertainment Inc.'s controlling shareholder and former chief executive officer, is returning to the company's board as the ...

Vince McMahon is rejoining the board of WWE several months after he retired from the sports entertainment company during an investigation into alleged ...