Last year, Vince McMahon stepped down from his executive and creative responsibilities at World Wrestling Entertainment amid an ongoing investigation into sexual misconduct. Since then, his daughter Stephanie McMahon has stepped up to be co-CEO of the company, alongside Nick Khan, while his son-in-law Paul “Triple H” Levesque has taken creative control over the company’s product. That could all be changing, though, as McMahon is reportedly plotting a return.
According to a new report from the Wall Street Journal, McMahon is looking to return to the company’s board of directors and bring allies with him to the board in the form of former WWE co-presidents and directors Michelle Wilson and George Barrios. Per the WSJ, the move is to seek a sale of the company. Currently, McMahon has the voting majority in the company due to the stock he owns.
As the WSJ explains, McMahon has let the board know he intends to use his voting power to elect himself, Wilson, and Barrios to the board. Previously, the board had turned down McMahon’s efforts to return. It’s also worth noting that the three returning would mean three current directors would have to vacate their roles, though there’s no word on who that would be.
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Author: Chris E. Hayner