Trailer Park To Triumph: Vince McMahon’s Overt Wealth Exposed By WWE Share Sale - Page 3 - Wrestling Forum: WWE, AEW, New Japan, Indy Wrestling, Women of Wrestling Forums

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post #21 of 28 (permalink) Old 12-16-2018, 05:54 AM
 
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Re: Trailer Park To Triumph: Vince McMahon’s Overt Wealth Exposed By WWE Share Sale

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Originally Posted by validreasoning View Post
It's not.

WWE stock is split into class a and class b shares.

The McMahon family own class b shares which have 10 times the voting power of class a shares. As an outsider or corporation you can only buy class a shares and if Vince sells a share it reverts to class a.

Long story short even with 45% of total stock Vince controls over 80% of voting power due to his shares each having ten votes to everyone else's one.

If Vince only had 7 million shares (less than 1/10th total shares) he would still have more than 50% of voting power.


Company is far too well run for that. Barrios and Wilson already deal with all financial aspects of business not Vince, they have people running network not Vince and HHH does the hiring, firing and training of wrestlers not Vince.

The WWE system is perfectly equipped to deal with Vince's death once it happens.

That should be illegal. All shareholders are supposed to have equal votes, based on the numbers of shares they own. That is how publically traded companies are supposed to work. Vince basically rigged WWE's stock so that he can own a minority of the shares and have 96%+ of the vote.

Even when Vince dies, Stephanie, Shane, Linda, and HHH will inherit his shares and retain their grip on the company.

The only possible way to get them out would be if a minority stockholder were able to convince a judge that Vince's actions and the way he runs the company was unfair to other shareholders. If a judge were convinced that Vince intentionally undermines the rights of minority shareholders, or that his leadership causes harm to those interests, under federal law, the judge could issue a court order stripping Vince of his voting rights as a shareholder. Basically, his shares would still make money for him, but he would not have any voting power as a shareholder. This type of move is common in hostile takeovers of companies.

If Vince lost his voting rights in this way, Stephanie, HHH, Shane, Dunn, and others who tend to support Vince would likely be implemented in whatever it was that convinced the judge, and lose theirs as well. Leaving the majority vote open to anyone who wishes to buy the majority of Class A stock.

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post #22 of 28 (permalink) Old 12-16-2018, 05:59 AM
 
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Re: Trailer Park To Triumph: Vince McMahon’s Overt Wealth Exposed By WWE Share Sale

Vince is still the man.
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post #23 of 28 (permalink) Old 12-16-2018, 06:11 PM
 
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Re: Trailer Park To Triumph: Vince McMahon’s Overt Wealth Exposed By WWE Share Sale

Having a respectable backstory really doesn’t change the fact that he’s an out-of-touch control freak. He’s just insane and gets worse every year. I’m surprised he hasn’t been admitted.

I don’t agree with his Disney-esque vision for WWE, but even that delusional vision is better off without him.

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post #24 of 28 (permalink) Old 12-16-2018, 06:33 PM
 
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Re: Trailer Park To Triumph: Vince McMahon’s Overt Wealth Exposed By WWE Share Sale

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Originally Posted by Daggdag View Post
That should be illegal. All shareholders are supposed to have equal votes, based on the numbers of shares they own. That is how publically traded companies are supposed to work. Vince basically rigged WWE's stock so that he can own a minority of the shares and have 96%+ of the vote.
It's a common enough practice especially when an owner takes a company public.

Quote:
Even when Vince dies, Stephanie, Shane, Linda, and HHH will inherit his shares and retain their grip on the company.
Were he to die tomorrow I suspect most if not all would transfer to Stephanie and she would control 80%+ of voting power.

Quote:
The only possible way to get them out would be if a minority stockholder were able to convince a judge that Vince's actions and the way he runs the company was unfair to other shareholders. If a judge were convinced that Vince intentionally undermines the rights of minority shareholders, or that his leadership causes harm to those interests, under federal law, the judge could issue a court order stripping Vince of his voting rights as a shareholder. Basically, his shares would still make money for him, but he would not have any voting power as a shareholder. This type of move is common in hostile takeovers of companies.
First up you would have to have a major shareholder that owned most of the shares of wwe and they would have to prove that the company's bylaws and charter is wrong both of which are unlikely to happen. The biggest owners of wwes stock outside the McMahons are investment and equity groups or financial institutions who own between 3-8% each. They are only interested in getting in cheap and out with a profit. They are not looking to own the company.

Quote:
If Vince lost his voting rights in this way, Stephanie, HHH, Shane, Dunn, and others who tend to support Vince would likely be implemented in whatever it was that convinced the judge, and lose theirs as well. Leaving the majority vote open to anyone who wishes to buy the majority of Class A stock.
You will still require around $3 billion to buy majority of all shares were available and then what? Unless you are a wrestling promoter or a big corporation like Disney what would you do exactly with a company like WWE?
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Last edited by validreasoning; 12-16-2018 at 06:34 PM.
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post #25 of 28 (permalink) Old 12-16-2018, 08:38 PM
 
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Re: Trailer Park To Triumph: Vince McMahon’s Overt Wealth Exposed By WWE Share Sale

I'm still surprised Stephanie will own the company after Vince.
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post #26 of 28 (permalink) Old 12-17-2018, 12:01 AM
 
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Re: Trailer Park To Triumph: Vince McMahon’s Overt Wealth Exposed By WWE Share Sale

One of the most incredible people to currently walk the face of the Earth, he deserves every penny and all of the recognition that he gets.
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post #27 of 28 (permalink) Old 12-17-2018, 12:58 AM
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Re: Trailer Park To Triumph: Vince McMahon’s Overt Wealth Exposed By WWE Share Sale

I like where they left out he was sexually abused growing up.

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post #28 of 28 (permalink) Old 12-17-2018, 04:26 AM
 
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Re: Trailer Park To Triumph: Vince McMahon’s Overt Wealth Exposed By WWE Share Sale

Quote:
Originally Posted by validreasoning View Post
It's a common enough practice especially when an owner takes a company public.



Were he to die tomorrow I suspect most if not all would transfer to Stephanie and she would control 80%+ of voting power.



First up you would have to have a major shareholder that owned most of the shares of wwe and they would have to prove that the company's bylaws and charter is wrong both of which are unlikely to happen. The biggest owners of wwes stock outside the McMahons are investment and equity groups or financial institutions who own between 3-8% each. They are only interested in getting in cheap and out with a profit. They are not looking to own the company.



You will still require around $3 billion to buy majority of all shares were available and then what? Unless you are a wrestling promoter or a big corporation like Disney what would you do exactly with a company like WWE?

You are right, it would take someone with the money to buy up a majority of the shares, and a desire to run, or at least own the company, to work. Maybe someone who isn't necessary a wrestling fan, but who could be convinced that WWE is a smart investment, and could back someone else who is interested in running the company, and place them as the new CEO.

All-Time Favorite Wrestlers:
The "Heartbreak Kid" Shawn Michaels
"Macho Man" Randy Savage
Bret "The Hitman" Hart
Jake "The Snake" Roberts
The Undertaker
Chris Benoit
Sting
Chris Jericho


Current Favorite Wrestlers:
"The American Dragon" Bryan Danielson
"The Phenomenal" AJ Styles
"The Fallen Angel" Christopher Daniels
Ben Satterly (AKA PAC and Adrian Neville)
"The Greatest Man Who Ever Lived" Austin Aries
CM Punk
Jack Evans
Low-Ki
Nigel McGuinness (AKA Desmond Wolfe)
Nick Aldis (AKA Magnus)
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