The SEC filing which tells us that also reveals who was ousted from the Board to make room for VKM, George Barrios & Michelle Wilson, a change he’s making to the company bylaws to solidify control, and more.
Nick Khan, Stephanie McMahon & Triple H comment on having the company’s ousted former CEO back in the fold. VKM says his comeback won’t impact their work. And the company admits they may not do anything after Vince’s ‘review of strategic alternatives’.
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One year ago, Vince McMahon shocked investors and Wall Street professionals when the company announced that Co-Presidents Michelle Wilson and George Barrios had been relieved of their duties. The conventional thinking was that Wilson and Barrios had been instrumental in putting together the lucrative television deals for RAW and SmackDown that led to WWE generating record revenue, and Barrios in particular was credited with launching the WWE Network. The move was shocking, and the stock market responded accordingly, with WWE stock plunging from $62 a share on Jan. 30, to $30 a share on March 16.