It’s nice to be thought of. WWE has been in a weird place over the last year as the Coronavirus has wrecked havoc on everything that they have been trying to do. There are only ways that they can bring in money day to day and that has changed the company’s financial status. They are far from broke though and that means they can still do a few things, which was the case this week.
One of the most unique aspects of WWE is that they are publicly traded on the New York Stock Exchange. After the move to go public over twenty years ago, WWE has benefited greatly from the additional money the change has brought in. The McMahon Family still owns the vast majority of the company, but now a few other people are going to benefit a bit.
According to Brandon Thursday of Wrestlenomics, WWE has given some of its employees a stock gift worth $3,000. A large number of employees, though not all of them, received the gift. These gifts apply only to people who work in the company’s offices rather than the wrestlers themselves. This comes less than a week after WWE told its employees that they would not receive any raises or promotions at the moment.
WWE employees have been given a stock award valued at $3,000, according multiple sources in the company. Not every employee received the award but a large number. The stock units vest next month.
Employees learned on Friday that salary raises and promotions were put on hold.
— Brandon Thurston (@BrandonThurston) February 18, 2021
Opinion: I’m not sure if this is something related to the move that WWE made last week but it would make a lot of sense after how the announcement made the company look. It’s one thing to worry about money, but when you just added another billion dollar deal earlier this year, it is a little hard to accept that things are in such dire straits. This is nice to see and hopefully the people involved benefit in some way.
Thomas Hall has been a wrestling fan for over thirty years and has seen over 50,000 wrestling matches. He has also been a wrestling reviewer since 2009 with over 5,000 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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