Stephanie McMahon stepped down as co-CEO of the company, leaving Nick Khan as the company’s only CEO. With Vince McMahon making even more changes to the company bylaws, he can now push a sale through without shareholder approval.
Nick Khan recently appeared on The Bill Simmons Podcast, where he addressed WWE’s corporate shake-up. In his mind, Vince McMahon was always going to return and take the helm of WWE once again.
“When you’re on the inside, you see things that may be coming. My thought was that there’s only one boss in the company, and that ain’t me. I think it was always my point of view, Stephanie’s point of view he would come back. The way he played it to me was smart in that he went away for five, six months which people, meaning the audience, seems to like when somebody does that and he came back and took control back of his company as a company shareholder. So it is the public’s company as a publicly traded company. But with that, the controlling share gave him a lot of authority, and he used it, and I applaud him for doing so.”
“Well, no advertiser has fled. Ratings aren’t down. The product seems to continue to build. Why would he resign? Why would he do that? I think it’s just a three-mile radius of LA thing. ‘Hey, step down. And you know, you have to sort of be punished for it.’ It didn’t used to be that way. So I think for somebody like Vince, and [referring to Simmons] you and he are two different people, but you’re both founder CEOs and I think founder CEOs are different from regular CEOs. So to me, WWE is Vince, Vince is WWE, and we’re going to do the best we can to keep building the company.”
“You know, when he stepped down, anyone who believed that was permanent didn’t know him. That was never going to happen, but I’m appreciative of the fact that he gave it five, six months, let the dust settle a little bit, then came back in the way that he’s come back.”
Nick Khan to Bill Simmons
We will have to see what happens in this situation. Many are speculating that Vince McMahon has a buyer in line and the company will be sold in rabid fashion. In the meantime, talent was promised that Triple H is still in control of the company’s creative direction, and he will maintain his position through this corporate uncertainty.
H/T to Ringside News
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