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☆ Wolfe Research downgrades WWE, says resistance to Vince Mahon's return could mean trouble ahead
▼ + stars: | 2023-01-31 | by ( Alex Harring | ) www.cnbc.com time to read: +2 min

Investors hoping the recent leadership shakeup at WWE would be a knock-out may instead find themselves getting body slammed, Wolfe Research warned. "Stephanie McMahon's resignation and the Board's formal resistance to Vince's return indicate serious stress," Supino said in a Monday note to clients. Before coming into the co-CEO role, Stephanie left her position as chief brand officer to focus on family. There's also risk associated with Vince's return, he said, pointing to the potential for a ratings collapse due to fans disapproving of him. Supino said Vince's return could also aid competitors AEW and UFC as the companies try to poach talent.

☆ Vince McMahon's daughter, Stephanie McMahon, resigned as WWE co-CEO after father's return to the company
▼ + stars: | 2023-01-11 | by ( Travis Clark | ) www.businessinsider.com time to read: +2 min

WWE announced on Tuesday that Stephanie McMahon had resigned from her role as co-CEO. Her father, Vince McMahon, returned to the board last week, less than six months after retiring. Vince McMahon stepped away last year amid sexual misconduct allegations against him. WWE announced on Tuesday that Stephanie McMahon, Vince's daughter, resigned from her role as co-CEO and chairwoman. Last year, the board began investigating millions of dollars McMahon had paid several women who had made misconduct allegations against him.

☆ WWE co-CEO Stephanie McMahon resigns, Vince returns as executive chairman
▼ + stars: | 2023-01-11 | by ( ) www.reuters.com time to read: +1 min

Jan 10 (Reuters) - World Wrestling Entertainment (WWE.N) elected former chief Vince McMahon as the executive chairman of the board on Tuesday, the company said, adding that co-chief executive officer and chairwoman Stephanie McMahon resigned from her role. Nick Khan will serve as the new WWE CEO, the entertainment firm added. Vince McMahon, 77, returned to the board last week and elected himself and two former co-presidents and directors Michelle Wilson and George Barrios to the board. loadingVince McMahon, who ran the company for four decades, said last week that the only way for WWE to fully capitalize on growing demand for content and live entertainment was for him to return as executive chairman. McMahon retired in July last year, as the company's CEO and chairman, following an investigation into his alleged misconduct.

☆ Stephanie McMahon steps down as WWE co-CEO as her dad, Vince, returns as executive chairman
▼ + stars: | 2023-01-10 | by ( Alex Sherman | ) www.cnbc.com time to read: +2 min

LAS VEGAS, NEVADA - JULY 02: Vince McMahon, Stephanie McMahon and Triple H attend the UFC 276 event at T-Mobile Arena on July 02, 2022 in Las Vegas, Nevada. Stephanie McMahon has resigned as WWE co-chief executive officer and chairwoman after her father, Vince, was unanimously re-elected as the company's executive chairman. Stephanie McMahon returned from a leave of absence in July to take over as co-CEO after Vince retired amid allegations of sexual misconduct. She informed staff Tuesday that she is again stepping down as Vince McMahon returns to facilitate a potential sale of the company. "I'd like to express my full support for Stephanie's personal decision," Vince McMahon said in a statement Tuesday.

☆ Vince McMahon is back at WWE to ensure a smooth sale process. Here's who might want to buy it
▼ + stars: | 2023-01-07 | by ( Alex Sherman | ) www.cnbc.com time to read: +8 min

WWE has hired JPMorgan to help the company advise on a potential sale, according to people familiar with the matter. But it remains unclear what type of role, if any, McMahon would want at WWE if he sold the company. WWE has a market capitalization of more than $6 billion after rising nearly 17% percent on Friday, buoyed by heightened sale speculation. McMahon's company already has an exclusive streaming deal with Comcast's streaming service, Peacock, and a cable TV deal with NBCUniversal's USA Network. Fox sold off most of its entertainment assets in its $71 billion sale to Disney in 2019, but WWE fits with the smaller company's sports and live events focus.

☆ WWE shares jump 10% as former CEO Vince McMahon announces surprise comeback
▼ + stars: | 2023-01-06 | by ( George Glover | ) www.businessinsider.com time to read: +3 min

Former WWE boss Vince McMahon said he would return as executive chairman Thursday. McMahon announced a review into upcoming media rights negotiations and could reportedly be preparing to sell the company. McMahon retired last year over a sexual misconduct scandal. McMahon said he would lead those negotiations as WWE's executive chairman and would launch a strategic review into other possible broadcast partners. He retired as WWE chief executive and chairman last year amid an ongoing internal board investigation into sexual misconduct claims against him.

☆ Vince McMahon returns to WWE, less than 6 months after he retired amid sexual misconduct allegations
▼ + stars: | 2023-01-06 | by ( Travis Clark | ) www.businessinsider.com time to read: +3 min

Vince McMahon, WWE's former CEO, has returned to the board, the company announced Friday. McMahon retired from the company in July amid misconduct allegations made against him. It comes less than six months after McMahon announced he was retiring from the company in July 2022, amid a board investigation into hush payments McMahon allegedly made to former female employees who had made misconduct allegations against him. But McMahon made clear that without his direct involvement, he would not approve any rights deals or a sale, WSJ reported. The board began investigating last year millions of dollars McMahon had paid several women who had made misconduct allegations against him.

☆ WWE shares jump as Vince McMahon stages comeback
▼ + stars: | 2023-01-05 | by ( Rebecca Picciotto | ) www.cnbc.com time to read: +2 min

Vince McMahon is staging a comeback at World Wrestling Entertainment , months after he retired from the company over a sexual misconduct scandal. McMahon said that his return is necessary as the company gears up for negotiations over media rights and strategic alternatives. WWE, which styles itself as a media company, has been mentioned as a potential acquisition target. McMahon retired last year amid an investigation into payments the former CEO made regarding alleged instances of sexual misconduct. A special committee probe found that McMahon had paid nearly $15 million to four women over the course of 16 years in order to silence sexual misconduct allegations.

☆ WWE confirms former chief Vince McMahon's return to board
▼ + stars: | 2023-01-05 | by ( ) www.reuters.com time to read: +1 min

Jan 6 (Reuters) - Vince McMahon, the former chief of World Wrestling Entertainment (WWE.N), is returning to the board of the company that he transformed from a regional player in a highly fragmented industry of the 1980s to a global giant, WWE said on Friday. Shares of the entertainment firm rose about 16%, as WWE also said that it would explore strategic alternatives confirming an earlier statement by McMahon. McMahon, 77, said on Thursday that he expects to assume the role of executive chairman at WWE, to involve himself in the company's media rights negotiation process. The company did not state what position Vince McMahon would hold at the board. McMahon retired in July last year as the company's CEO and chairman, following an investigation into his alleged misconduct.

☆ Former WWE CEO Vince McMahon reportedly wants to make a comeback at the company, as he faces a new abuse allegation
▼ + stars: | 2022-12-13 | by ( Travis Clark | ) www.businessinsider.com time to read: +3 min

Former WWE CEO Vince McMahon wants to make a comeback, The Wall Street Journal reported. McMahon retired from the company in July amid a board investigation into misconduct allegations. WSJ reported a new accusation from a former spa manager, who claimed McMahon assaulted her. WWE did not immediately respond to a request for comment from Insider on McMahon's reported desire to make a comeback and the newly reported allegation from the spa manager. McMahon retired from WWE in July amid an investigation by the company's board into alleged payments made to other women who had accused McMahon of misconduct.

☆ WWE stock hits 52-week high, defying market trends, in aftermath of McMahon scandal
▼ + stars: | 2022-10-17 | by ( Jack Stebbins | ) www.cnbc.com time to read: +3 min

The company's stock is up more than 50% in 2022, hitting a 52-week high Monday, and trading at levels it hasn't seen since summer 2019. The stock continued to do well after the company's longtime leader and biggest shareholder, Vince McMahon, retired from the company over the summer in a cloud of scandal. WWE's market capitalization is over $5.6 billion. Analyst John Healy of Northcoast Research, who covers WWE, sees the stock's success a confluence of successful ratings, upcoming media deal opportunities, and the speculation of a possible acquisition. Given a highly saturated media market, Healy expects high bidding for the rights to "Raw" and "Smackdown," which are set to be renegotiated in the coming year.

☆ The chief investment strategist at a $42 billion firm shares 9 stocks that can weather a recession while boosting income
▼ + stars: | 2022-09-25 | by ( Lisa Kailai Han | ) www.businessinsider.com time to read: +2 min

To build a steady flow of income, he's focusing on firms with high dividends and cash generation. McMahon shared 9 stocks that are both recession-resistant and can boost income streams. "It's going to be a tough, tough battle to get inflation down below 3%," said Brian McMahon, chief investment strategist at Thornburg Investment Management, which manages $42 billion in assets. Because this fund aims to deliver a consistent stream of income to its investors, McMahon particularly emphasizes investing in high-quality fixed income assets and dividend-paying equities. McMahon shared nine stocks for investors to consider that are both recession-resistant and can boost income streams.

☆ Meet the GOP's biggest Hollywood donors
▼ + stars: | 2020-08-26 | by ( Dave Levinthal | ) www.businessinsider.com time to read: +13 min

America First Action, the most notable super PAC backing President Donald Trump, has directly criticized Hollywood. Donors from Hollywood-area ZIP codes also rank among the most generous donors to key Republican senators, including Lindsey Graham of South Carolina and Marco Rubio of Florida. 3 donor ZIP code in the nation, trailing only ZIP codes in Houston and Palm Beach, Florida, which is home to his Mar-a-Lago Club resort. Bill Pugliano/Getty ImagesTrump continues to profit from HollywoodIn messages to supporters this year, Trump has decried "liberal HOLLYWOOD donors" and "MEGA HOLLYWOOD DONORS," while his son Donald Trump Jr. has castigated the "Hollywood Elite." As president, Trump's pension earned him more than $84,000 in 2017, about $91,000 in 2018, and about $78,000 in 2019, his personal financial disclosures showed.

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