Triple H Named In Latest WWE Proxy Filing; Proxy States He Is A Salaried Employee And Reveals 2010 Compensation
credit: KLQwrestling.comFrom the WWE Definitive Proxy Statement:
Certain Relationships and Related Transactions
Stephanie McMahon is the daughter of Vincent and Linda McMahon. Stephanie McMahon is an executive officer of the Company. She receives compensation in this capacity and participates in talent royalties for certain Company products bearing her name and/or likeness. Her total compensation in 2010 was approximately $671,000.
Paul Levesque is Stephanie McMahon’s husband and the son-in-law of Vincent and Linda McMahon. As one of our top stars, Mr. Levesque receives pay that varies from year to year depending on the programs and events in which he performs; the films in which he stars (there were two produced in 2010); the royalties earned on home videos, video games, toys, clothing and other merchandise bearing his name and/or likeness; and salary as an employee active in management in several aspects of the Company’s business reporting to the Chairman and Chief Executive Officer. His total compensation aggregated across all these roles was approximately $3.84 million in 2010. The Audit Committee does not review the retention of Stephanie McMahon or Paul Levesque each year nor does it approve their levels of compensation. Instead, as to levels of their compensation as employees, the Audit Committee relied on the approval procedures of the Compensation Committee.
In the case of Paul Levesque, his pay as a performer is set by agreements negotiated by the Company’s Chairman/Chief Executive Officer, the Company’s Talent Relations Department and the Company’s film studios. The Audit Committee believes this oversight to be consistent with relevant industry expertise and good business practice.