HomeAbout

TL;DR CNBC


Vince McMahon locks in two-year contract as WWE looks for buyers - TL;DR CNBC

Vince McMahon locks in two-year contract as WWE looks for buyers

Publishing timestamp: 2023-04-01 10:14:12


Summary

Vince McMahon, the chairman of WWE, has signed a two-year employment contract with the company, which includes an annual base salary of $1.2 million and an incentive bonus target of 175% of that salary. The contract also gives McMahon rights to his life story and related intellectual property. WWE has been actively looking for buyers, and McMahon's potential future involvement has become an early sticking point in preliminary talks with some buyers. However, WWE CEO Nick Khan has said that McMahon would be open to leaving the company for good in the event of a sale. McMahon had stepped away from his CEO role last June under accusations of sexual misconduct from former female WWE employees but returned to the board in January to help with sale negotiations.


Sentiment: NEUTRAL

Tickers: WWE

Keywords: businesssportsworld wrestling entertainment incentertainmentmediabusiness newsvince mcmahon

Source: https://www.cnbc.com/2023/03/31/vince-mcmahon-wwe-contract.html


Developed by Leo Phan