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.

In July, McMahon announced his retirement from the company amid an investigation into his alleged sexual misconduct. Along with his duties as chairman, McMahon ...

World Wrestling Entertainment majority shareholder Vince McMahon confirmed his intention to return to the company on Thursday. "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 a statement. In July, McMahon announced his retirement from the company amid an investigation into his alleged sexual misconduct.

Former WWE chairman and CEO Vince McMahon is planning a return to the company to pursue a sale after he retired this summer amid allegations of sexual ...

McMahon has said he is cooperating with the company’s investigation. Last month, the board said it would welcome working with McMahon on a sale but unanimously disapproved his return to the company, which has a market value of over $5 billion. McMahon has been the leader and most recognizable face at WWE for decades.

(Bloomberg) -- Vince McMahon, World Wrestling Entertainment Inc.'s controlling shareholder and former chief executive officer, has proposed selling the ...

The company has said it found payments that McMahon agreed to make personally from 2006 through 2022 that should have been recorded as expenses by the company. The executive, who ran the wrestling giant for decades, said that with its TV rights coming up for renewal, it’s a good time to review the company’s options. McMahon, who retired last year amid allegations of sexual misconduct, wants to come back to WWE as executive chairman, he said in a statement Thursday.

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.

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 Wresting Entertainment Inc (WWE) shares have jumped more than 18% after the company's founder and former CEO Vince McMahon announced he...

"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.” [READ: The esports market should look to WWE for its inspiration](https://www.proactiveinvestors.com/companies/news/907113/the-esports-market-should-look-to-wwe-for-its-inspiration-907113.html) In a statement, McMahon said he had submitted written consent to the WWE board to elect himself and former WWE co-presidents Michelle Wilson and George Barrios to the board, requiring three board members to leave.