Former WWE CEO VinceMcMahon to return as executive chairman
McMahon, 77, stepped down in July amid an investigation into his past alleged sexual misconduct. On Thursday, he announced that he was using his majority stake in the company to elect himself as executive chairman, along with former co-presidents and directors Michelle Wilson and George Barrios. He argued that his return was needed, given the company was approaching a"critical juncture.
He had first written to shareholders in December expressing his desire to return, but they responded that they unanimously agreed it was a bad idea, sources familiar with the matter told the Wall Street Journal. McMahon overruled them anyways, and looks poised to re-enter as executive chairman. Markets reacted favorably to the news, with the company's shares rising over 10% following the announcement.
In his statement announcing his retirement, Vince McMahon said co-CEOs Stephanie McMahon and Nick Khan would be taking over his responsibilities, though he would remain a majority stakeholder.
Brasil Últimas Notícias, Brasil Manchetes
Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.
Former WWE chief Vince McMahon plans return as executive chairmanVince McMahon, the former chief of World Wrestling Entertainment , plans to return to the company that he transformed from a regional player in a highly fragmented industry of the 1980s to a global giant, he said in a statement on Thursday.
Consulte Mais informação »
WSJ News Exclusive | Vince McMahon Plots Return to WWEBreaking: Vince McMahon plans to return to WWE to pursue a sale of the company, people familiar with the matter say. He retired in July amid a sexual-misconduct scandal.
Consulte Mais informação »
Vince McMahon plotting return to WWE with intent to sell companyVince McMahon’s retirement was short-lived.
Consulte Mais informação »
Vince McMahon Announces WWE Return, Plans to Sell CompanyVince McMahon announced plans today to use his shareholder power to elect himself back to the WWE board and initiate a potential sale. WWE VinceMcMahon
Consulte Mais informação »
Vince McMahon Plans to Return to WWE in Attempt to Sell CompanyVince McMahon is looking to make a return to WWE in order to pursue a sale of the company, WWE announced on Thursday.
Consulte Mais informação »
WWE's Vince McMahon plans to return and sell the company: report"The only way for WWE to fully capitalize on this opportunity is for me to return as executive chairman," McMahon said in a statement Thursday.
Consulte Mais informação »