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Could Vince be fired?

9K views 91 replies 50 participants last post by  Edynol 
#1 ·
- As noted earlier, WWE closed today at $16.77. It was the highest closing price since May 15, 2014, when the stock closed at $19.93. The stock plummeted the following day after WWE announced their new TV deal with NBCUniversal.

- WWE Studios President Michael J. Luisi sold 15,000 shares of his WWE stock yesterday at an average price of $16.71. The total amount of the transaction was $250,650, which reduced Luisi to 92,094 shares.

- Lemelson Capital, LLC, a private investment management firm, have sold nearly their entire WWE stake except for one share. The firm announced a stake in WWE last May and had called on the Board of Directors to replace the management team or sell the company. Lemelson Capital Management CIO Emmanuel Lemelson had stated several times in the past that he wanted WWE to be put up for sale, or for Vince McMahon to be replaced.
Source: http://www.wrestlinginc.com/wi/news/2015/0225/589823/investment-firm-sells-large-wwe-stake/
Think the investors have enough power and influence to make this actually happen?
 
#14 ·
I guess this one knows.
 
#30 ·
Vince should buyout the remaining stock, take company back private

Move to FX or AMC , go TV-MA target ages 16-35

Go uncensored and fuck political correctness.

Vince's wife ain't politicking any more so go back to what made WWE a juggernaut to begin with.

Bring kayfabe back to the show at least, let wrestlers cut their own promos and sink or swim under their own talent and crowd reactions.


Bring back a limited amount of blood, and the gimmick matches, barbed wire , flaming tables, ring of fire, etc

Thumbtacks!!! With guest ref Foley :p

Let Heyman kayfabe manage it for the easy ECW pops
 
#32 ·
If you want all that, go watch ECW replays.. Which you can watch on the WWE Network for just $9.99
 
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#60 ·
The law on firing the majority owner by the board of directors is clear, the board does not respond to the majority shareholder view, but to all shareholders as a legal requirement.

Which is why the board can ask for medical competency tests, and well as fire the chief executive in matters when the law has been broken - such as corruption, falsifying company reports or any illegal action which can impune the reputation of the company (like murder, rape, ect) which can lead to financial loss to all shareholders. All they need to do to fire the Chief executive with a motion of no confidence citing those reasons.

So yes, Vince can be fired.
 
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#4 ·
The McMahon family owns far more than the needed 51% of WWE to stay in power and Vince is Chairman of the Board. The only way he would be replaced is voluntarily or if he were to be declared mentally incompetent by a medical professional.
 
#5 ·
As interesting a topic as this is, how would we know?
 
#6 ·
Most likely not... sadly. Too bad since that means he'll run the WWE into the ground if lives another 15 or more years.
 
#19 ·
WWE is the classic example of a public company that is run like a family business. The company barely breaks even or provide decent shareholder returns but still remains in business, simply because there is only one guy running the place, and he has to answer to no one.
 
#24 ·
In a publically traded company, owning the most shares does not put you in charge. The CEO is appointed by the Board of Directors, and so is the chairman. If the members of the board felt that WWE was suffering under Vince's leadership, they have the authority to remove him from any and all positions within the company.

All his majority stock allows is for him to have a voting power whenever something is voted on by stockholders, such as a sale or merger.
 
#26 ·
Shareholders and the Board of Directors can do and say whatever they want, Vince ain't going anywhere unless he says so.
 
#29 ·
Vince is Chairman, not a full board member. He has no vote on the board itself. He starts meetings, and oversees them, but the board members can move to fire him without his approval.
 
#27 ·
There's no need for Vince to be fired, even if it could happen.
 
#39 ·
Okay fine, the Board of Directors removes Vince.

As majority shareholders, he and his family replace the Board of Directors and Vince is back in charge.

The Board answers to the shareholders.
 
#45 ·
Man. I dunno who's right or wrong here, but I'm getting an education about stocks and shareholders. Sounds like a mess there at the headquarters. lol. So essentially, he's still the owner and no one can dethrone him unless he retires or becomes mentally ill?

Anyways, just thinking hypothetically, if he were to some how be fired, for whatever reason and say HHH and Steph or someone else took over, would the product get any better? I am thinking it would if HHH got more control looking at how NXT is doing. Maybe they'd shy away from being PG13 and play into the 18-35 demographic again where the real money is.
 
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