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.
Majority owner comes back to pursue a possible sale of the business.
[Get 20% Off with online Target promo code](https://www.wsj.com/coupons/target) [50% off + free delivery on $20 orders with DoorDash promo code](https://www.wsj.com/coupons/doordash) [Kohl's Coupon 30% Off sitewide](https://www.wsj.com/coupons/kohls) The board had previously rebuffed a move to reinstate Mr. Plus, 60% off clearance with American Eagle promo code](https://www.wsj.com/coupons/american-eagle-outfitters) Mr.
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 ...
McMahon controlled a majority of company shares even after his retirement, giving him the power to engineer a board shakeup upon his return. It announced a multi-year expansion of its original programming partnership with A&E in May 2022. The company on Friday did not immediately return requests from The Associated Press seeking details about the findings of that committee. The Royal Rumble takes place this month in Texas, while Wrestlemania, a two-day event, begins in April. “I believe WWE has a unique opportunity during this critical juncture to maximize value for its shareholders and all other stakeholders,” McMahon wrote. [stepped down temporarily](/article/sports-vince-mcmahon-wrestling-28e22d3c652591f42d47ef0285564623) from the posts a month earlier.
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.
WWE said Friday that McMahon, the founder and majority shareholder of WWE, would return as executive chairman. It also announced a board shakeup. Shares surged ...
McMahon controlled a majority of company shares even after his retirement, giving him the power to engineer a board shakeup upon his return. It announced a multi-year expansion of its original programming partnership with A&E in May 2022. The company on Friday did not immediately return requests from The Associated Press seeking details about the findings of that committee. The Royal Rumble takes place this month in Texas, while Wrestlemania, a two-day event, begins in April. "I believe WWE has a unique opportunity during this critical juncture to maximize value for its shareholders and all other stakeholders," McMahon wrote. McMahon retired as WWE's chairman and CEO in July.
In a filing to the United States Securities and Exchange Commission (SEC) on Friday, it was revealed that former WWE chairman and CEO Vince McMahon has been ...
In response, the board suggested that McMahon's return would not be in the best interest of WWE because of ongoing investigations into his conduct by the U.S. Vince's December 31 email writing back to the Board, unhappy with their response.
"...unless I have direct involvement and input as Executive Chairman from the outset, I will not be able to support or approve any media rights deals or strategic transaction..." Listen to Ring Rust Radio for all of the hot wrestling topics. Vince's December 20 letter to WWE's board, writing he wants to comeback as executive chairman.
"Stephanie, Nick, Paul, and the rest of the
management team have my full and unconditional support..." That led McMahon to assert that he would not approve any media rights deals without being allowed back into the fold: Per Thurston, McMahon wrote a letter to WWE's board of directors on Dec. Thomas also reported that McMahon's return was linked to his desire to pursue a sale of the company. "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. 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 daughter, Stephanie McMahon, was named chairwoman and co-CEO, along with former WWE president Nick Khan. Vince McMahon is back on WWE's board of directors. [Lauren Thomas](https://www.wsj.com/articles/vince-mcmahon-plots-return-to-wwe-11672952709) of the Wall Street Journal first reported Thursday that McMahon was looking to return to WWE in some capacity after retiring in July while facing allegations of sexual misconduct.
Vince McMahon is rejoining the board of WWE several months after he retired from the sports entertainment company during an investigation into alleged ...