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Post by Beets by Schrute on May 27, 2021 19:16:08 GMT -5
Khan tried to give encouraging words to employees. At one point he became emotional reading a story about a young woman who commuted four hours from work to college every day. The story was seemingly an example of a person with a strong work ethic who WWE employees might emulate. Know this all too well. Stood there like a fool as they created new jobs for certain people while being told “there’s nothing for you yet.”
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Post by Final Countdown Jones on May 27, 2021 19:40:11 GMT -5
If WWE really is looking to get bought out, it's sort of hilarious to me: Vince got his ownership of the family business through the most sweetheart 'lone' from his dying father imaginable, and his son in law and daughter have both been put into positions where they were learning different facets of running the company for the day they could take over. Him deciding "Nah f*** that' and selling would be spectacular. Didn't Vince have to buy out the four owners (his father, Gorilla Monsoon, Phil Zacko, Arnold Skaaland) with the condition that if he wasn't able to complete the purchase by a certain point, they would keep the company as well as what they had been paid? Vince had to buy them out, but he was allowed to do it with the company. He didn't need to actually make up the money to buy everybody out from the start; he got to control a thriving promotion and use the money it generated to buy people out. Nobody else would have been given that ability. That's just not how buyouts tend to work. He effectively took out a loan from the people he was buying out.
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Post by RadcapRadsley on May 27, 2021 19:44:55 GMT -5
Realy surprised Nicholas hasn't been let go yet,he hasn't done anything since him and Braun dropped the titles. The kid is the JTG/Rosa Mendes of his generation
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Fade
Patti Mayonnaise
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Post by Fade on May 27, 2021 20:00:12 GMT -5
It's crazy to see Vince get old. I like to believe 1999 Vince McMahon would have done this meeting himself and spoken directly to the people being let go. It wouldn't have been any better for those people but it always felt like Vince was in control. The mere thought of the McMahons selling the WWE to some large conglomerate seemed like an impossibility with Vince at the helm. But now...Vince is old and it seems he doesn't want to fight these battles anymore. From a purely entertainment perspective I have to wonder how HHH feels about all of this. Stephanie is into business and will be fine doing whatever she wants to do. Shane is into business and will be fine in whatever line of work he chooses to do. But HHH isn't a business guy and probably can't just slot himself into a power spot at another company. Does HHH have free reign to be a part of AEW or will the sale of the WWE prevent him from joining another wrestling organization. Pro wrestling is all that guy has ever wanted to do and the fact he might not be able to legally has me really intrigued. I'm not sure why this is one of my first thoughts but it is. Same thoughts have run through my head. To echo what some have said, it’s not a certainty Vince will sell the company. The way things are shifting though, particularly with Khan, might not bode ideally for Papa H. Yes, he’s set for life, etc etc. But by all indications he’s wanted to take over the company since day one (that sunny shoot) and a lot of his actions over the years have backed that up. It would be poignantly appropriate, in a sad(?) kind of way, if things continue to shuffle the way they do and his end trajectory and highest claim to fame becomes being the husband of Stephanie McMahon and some glorified “head coach” or trainer. Not the one to lead the company forward. 'One, Two, I got him!' 'No I didn't!' ...I'm starting to really want to see some wrestler put this together on a Youtube show or something. Booker did it.
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cjh
Hank Scorpio
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Post by cjh on May 27, 2021 20:09:08 GMT -5
Didn't Vince have to buy out the four owners (his father, Gorilla Monsoon, Phil Zacko, Arnold Skaaland) with the condition that if he wasn't able to complete the purchase by a certain point, they would keep the company as well as what they had been paid? Vince had to buy them out, but he was allowed to do it with the company. He didn't need to actually make up the money to buy everybody out from the start; he got to control a thriving promotion and use the money it generated to buy people out. Nobody else would have been given that ability. That's just not how buyouts tend to work. He effectively took out a loan from the people he was buying out. As far as I know, Vince spent the company into the red those first few years. In particular, he paid to be on TV in most markets, gambling that his shows would get high ratings so that he could get the stations to pay him down the road.
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nisidhe
Hank Scorpio
O Superman....O judge....O Mom and Dad....
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Post by nisidhe on May 27, 2021 20:18:46 GMT -5
This may sound strangely highly prescient, but I wonder if the cuts and the push for "MOAR PROFITS!" in the last year or so might be a response to saber-rattling by critics and those within the company who may have sent certain information to certain securities regulators and/or other government agencies.
I mean, Vince is the kind of person who would only let the company be pried out of his cold, dead hands when there's a member of his family doing the prying. Yet, here's Nick Khan making all kinds of decisions which, while good for the company's bigger image, aren't exactly endearing him to wrestling fans or the talent roster or employees. There's a coldness to the decision-making here which can't really be attributed to Vince's capriciousness: and Vince would rather make a million his own way than a billion someone else's. I have to wonder, given the new legal troubles of those Vince has historically been associated with, whether something has gone on with the books that needs to be cleaned up.
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Post by DrBackflipsHoffman on May 27, 2021 20:20:50 GMT -5
HHH should consider this suitable penance for Montreal and then go get a hobby
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Deleted
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Post by Deleted on May 27, 2021 20:33:50 GMT -5
This may sound strangely highly prescient, but I wonder if the cuts and the push for "MOAR PROFITS!" in the last year or so might be a response to saber-rattling by critics and those within the company who may have sent certain information to certain securities regulators and/or other government agencies. I mean, Vince is the kind of person who would only let the company be pried out of his cold, dead hands when there's a member of his family doing the prying. Yet, here's Nick Khan making all kinds of decisions which, while good for the company's bigger image, aren't exactly endearing him to wrestling fans or the talent roster or employees. There's a coldness to the decision-making here which can't really be attributed to Vince's capriciousness: and Vince would rather make a million his own way than a billion someone else's. I have to wonder, given the new legal troubles of those Vince has historically been associated with, whether something has gone on with the books that needs to be cleaned up. It really is reminding me of what is going on at Disney right now with Iger on his way out and Chapek starting to impliment his changes as he takes over. The people who actually make the movies losin their power to Chapeks suits and the wrestling aspect seemingly losin more and more ground in WWE in lew of MOAR PROFITS.
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Post by HMARK Center on May 28, 2021 5:49:08 GMT -5
I’ll wager that in the event of a sale to a company like Comcast, Vince might include a condition of sale that his family retains some kind of high ranking position in the company or whatever. The suits at a conglomerate like that might actually want a wrestling insider around to handle things like booking and talent scouting, anyway.
Though yes, it’d be hilarious if the guy in that role ended up being The Rock.
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Dub H
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Post by Dub H on May 28, 2021 9:37:45 GMT -5
Know this all too well. Stood there like a fool as they created new jobs for certain people while being told “there’s nothing for you yet.” The "romantization" of the poor man that needs to work 10x more to make 1/10 of what his boss makes. The biggest scam of the modern era
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ayumidah
Patti Mayonnaise
DOOM TIME!!!!!
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Post by ayumidah on May 28, 2021 10:48:06 GMT -5
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Deleted
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Post by Deleted on May 28, 2021 15:39:47 GMT -5
The only release I want is the release of Aliyah's theme song!!!!
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Dub H
Crow T. Robot
Captain Pixel: the Game Master
I ❤ Aniki
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Post by Dub H on May 28, 2021 15:48:33 GMT -5
From one side,it is really cool he managed to stand out from making youtube raps about wrestling to get a job. In the other it sucks, WWE needs all the good music themes it needs
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Xxcjb01xX [PIECE OF: SH-]
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Post by Xxcjb01xX [PIECE OF: SH-] on May 28, 2021 16:59:08 GMT -5
The crazier part about Josiah's tenure is he was hired and let go twice now. Talk about not knowing what you have.
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chazraps
Wade Wilson
Better have my money when I come-a collect!
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Post by chazraps on May 28, 2021 18:05:15 GMT -5
The story getting kind of over looked in all this is WWE Films effectively being shut down today (not official in title per se, but every employee was let go).
While yes, it was Vince's favorite side-baby (And arguably most successful side-entity), Vince willingly killing his favorite babies isn't entirely unprecedented. During the company's 2014 restructuring it was a surprise to see him end WWE Magazine - which was always his favorite first thing to put in front of people at meetings.
It really, really looks like they're planning on selling. Perhaps not immediately, but it's coming.
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Post by "Evil Brood" Jackson Vanik on Jun 1, 2021 22:59:33 GMT -5
Fightful is reporting that more cost cutting releases are coming as early as next week and major names are being considered.
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mattyy
Unicron
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Post by mattyy on Jun 1, 2021 23:17:05 GMT -5
Fightful is reporting that more cost cutting releases are coming as early as next week and major names are being considered. "major names" has me very curious.
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Post by Error on Jun 1, 2021 23:40:30 GMT -5
I wonder if they are trying to lessen the impact from the start of touring again. Airfare, arena fees, added staff, shipping stuff around the country, and whatnot I can't see house show profits being good enough to make up those renewed expenses that they haven't had to worry about in over a year.
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Deleted
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Post by Deleted on Jun 1, 2021 23:41:19 GMT -5
Wrestling is always going to be a weird and carny-like sport on some level. I'm a fan (that's why I'm here) but I still think wrestling has a ways to go before it's completely free of the stupid carny BS that's permeated it for roughly a century.
Someone else may have all the purse strings and the ultimate responsibility, but I don't think that even the evil corporate media empires are prepared for the sheer insanity of running a wrestling promotion.
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Xxcjb01xX [PIECE OF: SH-]
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Post by Xxcjb01xX [PIECE OF: SH-] on Jun 2, 2021 0:10:39 GMT -5
Fightful is reporting that more cost cutting releases are coming as early as next week and major names are being considered. With AEW on the parallel and Khan saying they want to sign more people (They have had some quiet releases recently too of talent they simply weren't using like Kong and Shanna), the "Major Names" part has me interested. Not just for that department but the alternative scene as a whole...
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