That’s a big step. The most important wrestling story of the year so far and one of the biggest in wrestling history has been that of Vince McMahon retiring from WWE. That is the kind of change that is going to cause issues for the company for a very long time to come and follows an internal investigation by WWE. Now the company has reached a new point in its investigation.
According to PWInsider.com, WWE issued its quarterly earnings report and offered an update on the McMahon investigation. The Special Committee investigation is complete and will cost WWE $10 million over the course of the year. With regards to McMahon being allowed to make the payments privately rather than listing them as company expenses, the company has made various changes, including monitoring programs, internal conduct policies and engaging with a third party consultant, among others. The company also issued a report on the committee’s findings and future plans, which can be seen at the link above.
Opinion: While a lot of this sounds like little more than corporate speak, there was not much else that WWE could have done. More or less what they’re saying is that something happened and they are going to change the situations that allowed it to happen. I don’t know what else they could have said, but what matters the most is making sure that it works this way. Granted I’m not sure how much it is going to mean to anyone other than McMahon, but WWE certainly had to do something like this, just for the sake of saving a bit of face.
What do you think of the company’s findings? What does McMahon’s retirement mean for WWE? Let us know in the comments below.
Thomas Hall has been a wrestling fan for over thirty years and has seen over 60,000 wrestling matches. He has also been a wrestling reviewer since 2009 with over 6,000 full shows covered. You can find his work at kbwrestlingreviews.com, or check out his- Amazon author page with 30 wrestling books.
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