WWE Press Release Suggests Power Structure Will Remain Intact
Is Triple H staying on as chief content officer? That’s one of the questions being asked now that Vince McMahon is back in the WWE. As reported yesterday by The Wall Street Journal, Mr. McMahon informed the WWE Board of Directors that he was using his voting power to install himself and two other persons on the WWE Board.
Fans and analysts alike began asking what this means for the current power structure. Will Nick Khan and Stephanie McMahon remain as Co-CEOs? What about Triple H, who has been praised for his role in retooling the WWE’s creative department?
The WWE issued a statement about Vince’s return, part of which follows:
“Today, we announce that the founder of WWE, Vince McMahon, will be returning to the Board,” said Chairwoman & Co-CEO Stephanie McMahon, Co-CEO Nick Khan and Chief Content Officer Paul Levesque. “We also welcome back Michelle Wilson and George Barrios to our Board of Directors. Together, we look forward to exploring all strategic alternatives to maximize shareholder value. As Vince McMahon stated yesterday, “WWE has an exceptional management team in place, and I do not intend for my return to have any impact on their roles, duties, or responsibilities.”
H/T WWE Corporate Page Company News
Vince McMahon is reportedly holding a meeting with WWE employees on 6 January. WrestleLamia will continue monitoring the story.
Triple H Staying On as Chief Content Officer?
Analysis: I discussed Triple H’s situation in the recent article “Should the WWE Roster Be Worried About a Vince Comeback?”:
I would argue that if Vince does return to power, there won’t be any short-term changes as McMahon will probably be intent on solidifying his power. He will likely let Triple H and Shawn Michaels have fun while he prepares to gain absolute control.
WrestleLamia
If Vince is working to sell the WWE or renegotiate a rights deal, he has no interest in shaking things up until he solidifies his power. Furthermore, he may want to avoid any perception of a power struggle in the WWE. The goal is to maximize the company’s prestige and value, whether it’s a sale or a rights deal.
Do you think Triple H’s days are numbered? Let us know in the comments below.
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