Originally Posted by validreasoning
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.