We have seen WWE increase their amount of yearly releases since the pandemic. They have released huge names like Keith Lee, Karrion Kross, B-Fab, Ruby Soho, The IIconics, Bray Wyatt, and more. We have seen their roster be gutted time and time again and now a WWE Hall Of Famer is giving his opinion on why it has been happening more often.
While speaking on the 83 Weeks Podcast, Eric Bischoff talked about WWE’s latest batch of releases. Eric Bischoff stated that Vince McMahon had no choice but to release their talents, unlike Tony Khan as WWE has a fiduciary responsibility to their shareholders.
“I understand what Tony is saying and I applaud him for caring as much about his talent as he does, how could that be a negative thing, it’s not. But here’s the reality, again: WWE is a publicly held company, AEW is not. WWE has a fiduciary responsibility to their shareholders to make decisions and manage their business in a way that will most benefit the shareholders. Would Vince McMahon personally prefer not to have to release this talent? I’m not saying he does or doesn’t, but he has no choice. Even if he did, he has no choice, he has to manage his budget and his business in a way that is most beneficial to his shareholders.
Tony Khan has to manage his business in a way that most suits himself. There’s a big difference between the two and I think criticizing WWE for exercising fiduciary responsibility to their shareholders, whether or not you believe it’s also setting them up for a potential sale, take that aspect out of it. To criticize WWE for managing their budget in a way that they’ve been entrusted to by their shareholders and by law have to manage said budget in a way that is beneficiary to their shareholders. To criticize WWE for that is understandable but not the whole story.”
It is unfortunate but there are probably more releases coming in the near future as the company is going through many massive changes. Below is the full episode of the 83 Weeks podcast
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