nisidhe
Hank Scorpio
O Superman....O judge....O Mom and Dad....
Posts: 5,719 
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Post by nisidhe on Apr 16, 2020 7:57:30 GMT -5
If I were a shareholder of any WWE stock, I'd sell at this point, short or no.
What has happened the last month and, particularly, the last few days, has been far too blatant not to be deliberate - in the sense that Vince knows that the optics of his recent dealings has been terrible and would have long-term and, perhaps, permanent negative consequences for his company and his leadership legacy, but he continued with these steps, anyway. Stephanie's and Paul's silence in the wake of these decisions has been quite telling.
It seems to me that Vince is deliberately sinking the company, either to bring operations to an end so that he can walk away entirely, or as part of an effort (perhaps) to expose even deeper malfeasance while trying to avoid consequences of that exposure befalling his children.
But that's enough tinfoil around my head today.
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Mecca
Wade Wilson
Posts: 25,052
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Post by Mecca on Apr 16, 2020 8:03:39 GMT -5
If I were a shareholder of any WWE stock, I'd sell at this point, short or no. What has happened the last month and, particularly, the last few days, has been far too blatant not to be deliberate - in the sense that Vince knows that the optics of his recent dealings has been terrible and would have long-term and, perhaps, permanent negative consequences for his company and his leadership legacy, but he continued with these steps, anyway. Stephanie's and Paul's silence in the wake of these decisions has been quite telling. It seems to me that Vince is deliberately sinking the company, either to bring operations to an end so that he can walk away entirely, or as part of an effort (perhaps) to expose even deeper malfeasance while trying to avoid consequences of that exposure befalling his children. But that's enough tinfoil around my head today. If you thought he was doing it to sink the company the smartest move he could make would be to release all non essential personnel to up the profit as much as possible so when he sold it he'd get the biggest price he could... |
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Post by This Player Hating Mothman on Apr 16, 2020 8:03:48 GMT -5
Did a quick bit of research since it was brought up. The McMahons didn’t donate the money to a Super PAC. Linda runs the Super PAC. The Super PAC pledged $18.5 million in advertising revenue to run advertisements favorable to the president from Labor Day through Election Day in Orlando and Tampa. As far as we know not a single cent from the McMahons could be involved. Still sleazy as all hell. The McMahons absolutely contribute to the PAC. It's probably too far rules-wise to give like actual numbers and names, but political spending and donations are a matter of public record, and they sometimes run behind and have to wait on timings and reports, but you can find well in excess of millions Linda has given to PACs, candidates, and parties. This includes spending within this calendar year to the very same PAC that she chairs. The McMahons are very comfortable spending money in politics, and once a dime of their money touches this deal, that's bribery, baby. |
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Mecca
Wade Wilson
Posts: 25,052
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Post by Mecca on Apr 16, 2020 8:04:42 GMT -5
Damn, those numbers. I was a bit charitable yesterday but now I'm in full f*** this company mode. I've long thought going public was the worst thing WWE ever did but that was mostly due to it's effect we could see on screen, now it's more tangible. The prioritising of short term gains is at the heart of many of the problems caused by pandemic. The amount of lives, jobs and businesses that could have been saved with a bit of long term thinking is so sad to think about. It's the same reason basically all American companies act this way, no different than how when you get a job they make you watch 15 videos about how unions are bad for workers even though you know they aren't. |
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Mecca
Wade Wilson
Posts: 25,052
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Post by Mecca on Apr 16, 2020 8:05:17 GMT -5
Did a quick bit of research since it was brought up. The McMahons didn’t donate the money to a Super PAC. Linda runs the Super PAC. The Super PAC pledged $18.5 million in advertising revenue to run advertisements favorable to the president from Labor Day through Election Day in Orlando and Tampa. As far as we know not a single cent from the McMahons could be involved. Still sleazy as all hell. The McMahons absolutely contribute to the PAC. It's probably too far rules-wise to give like actual numbers and names, but political spending and donations are a matter of public record, and they sometimes run behind and have to wait on timings and reports, but you can find well in excess of a million Linda has given to PACs, candidates, and parties. This includes spending within this calendar year to the very same PAC that she chairs. The McMahons are very comfortable spending money in politics. They've never been closer to it than they are right now... |
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mattperiolat
King Koopa
Thank you, Brodie... for everything.
Posts: 11,445
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Post by mattperiolat on Apr 16, 2020 8:08:29 GMT -5
If I were a shareholder of any WWE stock, I'd sell at this point, short or no. What has happened the last month and, particularly, the last few days, has been far too blatant not to be deliberate - in the sense that Vince knows that the optics of his recent dealings has been terrible and would have long-term and, perhaps, permanent negative consequences for his company and his leadership legacy, but he continued with these steps, anyway. Stephanie's and Paul's silence in the wake of these decisions has been quite telling. It seems to me that Vince is deliberately sinking the company, either to bring operations to an end so that he can walk away entirely, or as part of an effort (perhaps) to expose even deeper malfeasance while trying to avoid consequences of that exposure befalling his children. But that's enough tinfoil around my head today. Interesting question - has anyone (besides Vince) sold their shares in bulk in the last week or so? You and me, if we sell, no big loss, it’s under 50 a share. Someone sells a lot before the pink slips start, FCC might have some questions about insider trading. But that’s a whole other discussion right now. |
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Post by HMARK Center on Apr 16, 2020 8:09:57 GMT -5
More data crunching from the guy behind Wrestlenomics, finds that if they had held onto everyone and not run live events with crowds for pretty much the rest of the year...they'd still not only be profitable, but still have record-setting profits for the company.
"Ultimately, I concluded that if WWE doesn’t run live events at any point for the rest of the year, WWE’s revenue would be impacted by as much as $218 million and operating income would be impacted by $42 million. In such a scenario, I estimated WWE would still report record-setting profits in 2020, with an operating income of $121 million and total revenue of $927 million — largely supported by continued TV rights fees, which I don’t believe are at risk."
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Post by This Player Hating Mothman on Apr 16, 2020 8:14:32 GMT -5
More data crunching from the guy behind Wrestlenomics, finds that if they had held onto everyone and not run live events with crowds for pretty much the rest of the year...they'd still not only be profitable, but still have record-setting profits for the company. "Ultimately, I concluded that if WWE doesn’t run live events at any point for the rest of the year, WWE’s revenue would be impacted by as much as $218 million and operating income would be impacted by $42 million. In such a scenario, I estimated WWE would still report record-setting profits in 2020, with an operating income of $121 million and total revenue of $927 million — largely supported by continued TV rights fees, which I don’t believe are at risk." Every argument to try and make this come off as anything but greed is getting dragged out behind the shed and shot right now huh |
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Post by kingoftheindies on Apr 16, 2020 8:15:45 GMT -5
From what I've seen from several of the wrestlers that were released it sounds like the releases were something they wanted for a long time but are either pissed about the timing (understandable) or more worried for some of their coworkers that were happy (Maverick and Ryder more than likely)
This time would make a very interesting documentary down the road especially when you see that in the grand scheme the WWE isnt saving a lot of money with these releases, and if you consider the timeline of bad decisions... though that is a different discussion for a different thread.
Either way, and this is me being very optimistic for the people who lost their jobs, I feel long term they will make out better than WWE
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Post by "Evil Brood" Jackson Vanik on Apr 16, 2020 8:15:48 GMT -5
Man, Chioda was there for 30 years. If they gave him a watch, it's basically the Dusty "hard times" promo.
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Post by HMARK Center on Apr 16, 2020 8:16:55 GMT -5
Man, Chioda was there for 30 years. If they gave him a watch, it's basically the Dusty "hard times" promo. Don't forget, they have to kick him in the butt, too. |
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Post by thechase on Apr 16, 2020 8:18:29 GMT -5
Man, Chioda was there for 30 years. If they gave him a watch, it's basically the Dusty "hard times" promo. Don't forget, they have to kick him in the butt, too. So all WWE referees will be computers? (Pictures a heel arguing with the ref) |
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Post by cabbageboy on Apr 16, 2020 8:18:55 GMT -5
I have stayed away from commenting on any of this until the dust settled, though who knows if it has settled. Someone on a previous page posted the list of highest paid people in WWE and I have to say if they want to save money on salary get rid of Brock Lesnar and Bill Goldberg and there's a solid 13 million right there. There's really no feasible way to bring either guy back at this point with no live gates and only empty arenas.
Between the mass releases and the whole "essential business" in FL lunacy has there been a more damaging week for WWE's reputation and credibility ever?
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Post by This Player Hating Mothman on Apr 16, 2020 8:20:55 GMT -5
From what I've seen from several of the wrestlers that were released it sounds like the releases were something they wanted for a long time but are either pissed about the timing (understandable) or more worried for some of their coworkers that were happy (Maverick and Ryder more than likely) This time would make a very interesting documentary down the road especially when you see that in the grand scheme the WWE isnt saving a lot of money with these releases, and if you consider the timeline of bad decisions... though that is a different discussion for a different thread. Either way, and this is me being very optimistic for the people who lost their jobs, I feel long term they will make out better than WWE Oh yeah, there's people who wanted out, but that's important--and what makes anyoen cackling "But they wanted out of their contracts" into a callous slime ball--is that they wanted out to ply their craft elsewhere. WWE refusing to let anyone go because they signed a contract, then deciding to dum ppeople at the least convenient and most harmful time isn't what anybody was asking for and is as cruel a way to 'give people what they wanted' you can conceive of. This was very strategically timed. |
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Post by thetower52 on Apr 16, 2020 8:22:29 GMT -5
I just don’t want to watch wrestling anymore man. This shit just hurt my love of wrestling overall.
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Post by HMARK Center on Apr 16, 2020 8:32:15 GMT -5
I just don’t want to watch wrestling anymore man. This shit just hurt my love of wrestling overall. Look to the companies trying to do the right thing during all this; companies that have nowhere near the resources WWE has, many of which have no overhead right now and no income without live events, yet are bending over backwards not to fire anyone. Plus, the solidarity showed by the major Japanese promotions during all of this is great, with even New Japan asking the Japanese government to just help make sure smaller promotions can still pay their wrestlers, and then Tanahashi even saying wrestling should be the last major entertainment option in Japan to reopen: |
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dpg
Samurai Cop
Posts: 2,476 
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Post by dpg on Apr 16, 2020 8:35:37 GMT -5
I just don’t want to watch wrestling anymore man. This shit just hurt my love of wrestling overall. Look to the companies trying to do the right thing during all this; companies that have nowhere near the resources WWE has, many of which have no overhead right now and no income without live events, yet are bending over backwards not to fire anyone. Plus, the solidarity showed by the major Japanese promotions during all of this is great, with even New Japan asking the Japanese government to just help make sure smaller promotions can still pay their wrestlers, and then Tanahashi even saying wrestling should be the last major entertainment option in Japan to reopen: As I said earlier, Impact (I only really follow them) have released no one and must have a fraction of the budget and resources WWE has. |
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bob
Salacious Crumb
The "other" Bob. FOC COURSE!
started the Madness Wars, Proudly the #1 Nana Hater on FAN
Posts: 78,331
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Post by bob on Apr 16, 2020 8:36:32 GMT -5
to bring more publicity Vince brought upon his company my local paper did a little bit in the sports section about most of the wrestlers who were fired yesterday
great job Vince
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Post by kingoftheindies on Apr 16, 2020 8:49:04 GMT -5
From what I've seen from several of the wrestlers that were released it sounds like the releases were something they wanted for a long time but are either pissed about the timing (understandable) or more worried for some of their coworkers that were happy (Maverick and Ryder more than likely) This time would make a very interesting documentary down the road especially when you see that in the grand scheme the WWE isnt saving a lot of money with these releases, and if you consider the timeline of bad decisions... though that is a different discussion for a different thread. Either way, and this is me being very optimistic for the people who lost their jobs, I feel long term they will make out better than WWE Oh yeah, there's people who wanted out, but that's important--and what makes anyoen cackling "But they wanted out of their contracts" into a callous slime ball--is that they wanted out to ply their craft elsewhere. WWE refusing to let anyone go because they signed a contract, then deciding to dum ppeople at the least convenient and most harmful time isn't what anybody was asking for and is as cruel a way to 'give people what they wanted' you can conceive of. This was very strategically timed. Agreed, I've been pretty outspoken that what WWE is doing is unethical |
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Brood Lone Wolf Funker
Ozymandius
Got fined anyway.
Possibly a Moose
James Franco is the white Donald Glover
Posts: 61,869
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Post by Brood Lone Wolf Funker on Apr 16, 2020 8:51:48 GMT -5
I have stayed away from commenting on any of this until the dust settled, though who knows if it has settled. Someone on a previous page posted the list of highest paid people in WWE and I have to say if they want to save money on salary get rid of Brock Lesnar and Bill Goldberg and there's a solid 13 million right there. There's really no feasible way to bring either guy back at this point with no live gates and only empty arenas. Between the mass releases and the whole "essential business" in FL lunacy has there been a more damaging week for WWE's reputation and credibility ever? Benoit had a huge impact |
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