PKO
King Koopa
Posts: 12,636
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Post by PKO on Jul 10, 2022 6:43:42 GMT -5
I really wish they didn't reveal the year the talent was released. Then it makes the internet guess who it is, which is completely unfair to everyone who was released in 2005. It’s true, but any story like this will inevitably become a guessing game. It shows the general lack of reading comprehension that the most popular guesses I’ve seen have ignored the 2005 fact. It’s just about a step up from Lisa S/L.Simpson territory, but the info they gave makes it very easy to figure out who it was.
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Post by polarbearpete on Jul 10, 2022 7:03:39 GMT -5
If he has a will, then things wouldn’t have to all go to Linda or be all split evenly with the kids. Intestate succession in CT allows Linda $100K plus half the estate, while the kids get everything else. If the will deviates enough from that without sufficient explanation or understanding, it'll be contested. Don’t think the latter part is true. Spouse has the right to an elective share (1/3 of the estate) if he tries to disinherit her through the will, but the kids don’t have any such right. In fact, in CT, you don’t even have to affirmatively put in your will that you’re disinheriting the child, the absence of them in the will is sufficient (unless they were born after the will was made).
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Post by wildojinx on Jul 10, 2022 11:35:35 GMT -5
Has Phil Mushnick commented on this situation yet?
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Post by Final Countdown Jones on Jul 10, 2022 11:59:29 GMT -5
If WWE has no clear succession line in the event of its septuagenarian owner, CEO, chairman, and lead writer croaking, and his shares are all up in the air, that seems like a nightmare. It also seems like an absolute Vince move, though; keep no exit plan on the assumption you are fundamentally immortal and keep everyone relying on you because you hold all the cards. It's a control thing and it's a "fear my own mortality so much I'll refuse to plan for it, I will never die" thing.
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Post by Feargus McReddit on Jul 10, 2022 12:10:05 GMT -5
If WWE has no clear succession line in the event of its septuagenarian owner, CEO, chairman, and lead writer croaking, and his shares are all up in the air, that seems like a nightmare. It also seems like an absolute Vince move, though; keep no exit plan on the assumption you are fundamentally immortal and keep everyone relying on you because you hold all the cards. It's a control thing and it's a "fear my own mortality so much I'll refuse to plan for it, I will never die" thing. Exactly. And to add to this, Wall Street loves Vince because of the profits he makes so he’s the one constantly seen as the only person for the job especially when you go out of your way to say that people like HHH, Stephanie etc aren’t good enough to take the spot (and yes, Steph is “in charge” right now but again, they spent a good week saying she was basically shit). So like you said, you basically put all your eggs on Vince doing this job into his 80s and 90s which is absolutely insane.
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nisidhe
Hank Scorpio
O Superman....O judge....O Mom and Dad....
Posts: 5,764
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Post by nisidhe on Jul 10, 2022 17:40:55 GMT -5
If WWE has no clear succession line in the event of its septuagenarian owner, CEO, chairman, and lead writer croaking, and his shares are all up in the air, that seems like a nightmare. It also seems like an absolute Vince move, though; keep no exit plan on the assumption you are fundamentally immortal and keep everyone relying on you because you hold all the cards. It's a control thing and it's a "fear my own mortality so much I'll refuse to plan for it, I will never die" thing. Exactly. And to add to this, Wall Street loves Vince because of the profits he makes so he’s the one constantly seen as the only person for the job especially when you go out of your way to say that people like HHH, Stephanie etc aren’t good enough to take the spot (and yes, Steph is “in charge” right now but again, they spent a good week saying she was basically shit). So like you said, you basically put all your eggs on Vince doing this job into his 80s and 90s which is absolutely insane. The only reason most of those currently holding WWE stock are not selling it is because it's simply not that important enough for them to decide on one way or the other. Are there any trends, quarter-over-quarter, in which the common stock is being bought up in significant quantities by one holding company or another to suggest an effort to concentrate the ownership? We'd have heard about it if it was. Vince treats WWE common stock like it was another piece of merch for fans to buy, like a variant figure or T-shirt. It's not worth it for the individual holder to sell. You get a company offering to buy it for some figure above market value and enough of these folks sell, though, that could be enough to start a GameStop-level trading frenzy that might put the stock price into far fewer hands - hands that might see fit to challenge WWE's leadership over this issue.
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Post by polarbearpete on Jul 11, 2022 9:09:14 GMT -5
Exactly. And to add to this, Wall Street loves Vince because of the profits he makes so he’s the one constantly seen as the only person for the job especially when you go out of your way to say that people like HHH, Stephanie etc aren’t good enough to take the spot (and yes, Steph is “in charge” right now but again, they spent a good week saying she was basically shit). So like you said, you basically put all your eggs on Vince doing this job into his 80s and 90s which is absolutely insane. The only reason most of those currently holding WWE stock are not selling it is because it's simply not that important enough for them to decide on one way or the other. Are there any trends, quarter-over-quarter, in which the common stock is being bought up in significant quantities by one holding company or another to suggest an effort to concentrate the ownership? We'd have heard about it if it was. Vince treats WWE common stock like it was another piece of merch for fans to buy, like a variant figure or T-shirt. It's not worth it for the individual holder to sell. You get a company offering to buy it for some figure above market value and enough of these folks sell, though, that could be enough to start a GameStop-level trading frenzy that might put the stock price into far fewer hands - hands that might see fit to challenge WWE's leadership over this issue. Concentrating the ownership of the stock won’t matter with the way their stock is structured. For stock with voting rights, Vince owns something like 70% of it.
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Post by Finish Uncle Muffin’s Story on Jul 11, 2022 9:17:35 GMT -5
Busted Open has the WSJ reporters on right now and it's been an interesting conversation so far.
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Legion
Fry's dog Seymour
Amy Pond's #1 fan
Hail Hydra!
Posts: 23,393
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Post by Legion on Jul 11, 2022 10:06:25 GMT -5
Busted Open has the WSJ reporters on right now and it's been an interesting conversation so far. Are they 'legit' reporters in that they are calmly discussing the issues, or are they the type who have got caught up or have a rabid Hate On for Vince and are coming over that way. I feel like Vince had got away with lots before because those interested haven't been great at not showing how much they pathologically hate the man, to the point it's easy to hand wave away as bias. Not to say you can't hate someone and fairly report on something, but pro-wrestling coverage seems to attract certain types of people and that can play in to his hands more than if it's someone a bit more calm and sticking to facts.
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Post by Finish Uncle Muffin’s Story on Jul 11, 2022 10:14:09 GMT -5
Busted Open has the WSJ reporters on right now and it's been an interesting conversation so far. Are they 'legit' reporters in that they are calmly discussing the issues, or are they the type who have got caught up or have a rabid Hate On for Vince and are coming over that way. I feel like Vince had got away with lots before because those interested haven't been great at not showing how much they pathologically hate the man, to the point it's easy to hand wave away as bias. Not to say you can't hate someone and fairly report on something, but pro-wrestling coverage seems to attract certain types of people and that can play in to his hands more than if it's someone a bit more calm and sticking to facts. Listen to the interview for yourself, but they did a good job of explaining what went on, what they were surprised about, etc. without any twinge of bias. For what it's worth, one of the reporters, Joe Palazzolo was on the WSJ team that won the 2019 Pulitzer Prize for National Reporting for coverage of Donald Trump paying off women who had secret affairs with him. In other words, these guys are heavyweights.
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cosmo
Unicron
Posts: 3,006
Member is Online
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Post by cosmo on Jul 11, 2022 18:52:31 GMT -5
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MolotovMocktail
Grimlock
Home of the 5-time, 5-time, 5-time, 5-time 5-time Super Bowl Champion 49ers-and Wrestlemania 31
Posts: 14,054
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Post by MolotovMocktail on Jul 11, 2022 19:20:07 GMT -5
Has Phil Mushnick commented on this situation yet? When was the last time we heard from Mushnick at all?
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Dub H
Crow T. Robot
Captain Pixel: the Game Master
I ❤ Aniki
Posts: 48,450
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Post by Dub H on Jul 11, 2022 19:45:54 GMT -5
This was said over and over in this thread but if you wanna go deeper and more official
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seiji
Mike the Goon
Posts: 5
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Post by seiji on Jul 11, 2022 19:48:55 GMT -5
If only WWE had a world class PR team. Yikes.
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seiji
Mike the Goon
Posts: 5
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Post by seiji on Jul 11, 2022 19:51:24 GMT -5
This was said over and over in this thread but if you wanna go deeper and more official Jesus Christ. Vince is sick keep in mind sexual coercion is not consensual in any way whatsoever. and it's scary how many people don't know that.
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Post by carter 15 on Jul 11, 2022 20:11:08 GMT -5
Jesus christ so many people are so fast to jump. What a god damn world.
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Post by Feargus McReddit on Jul 12, 2022 3:37:00 GMT -5
Jesus christ so many people are so fast to jump. What a god damn world. ...to and for what exactly? Because I feel like there's enough here to separate it from the other "Someone puts out a tweet and the court of public opinion decides" cases.
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Post by Finish Uncle Muffin’s Story on Jul 12, 2022 6:13:23 GMT -5
Jesus christ so many people are so fast to jump. What a god damn world. ...to and for what exactly? Because I feel like there's enough here to separate it from the other "Someone puts out a tweet and the court of public opinion decides" cases. Right. If somebody's shelling out 7.5 freakin' million dollars, where there's smoke, there's fire.
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Post by Feargus McReddit on Jul 12, 2022 6:21:58 GMT -5
...to and for what exactly? Because I feel like there's enough here to separate it from the other "Someone puts out a tweet and the court of public opinion decides" cases. Right. If somebody's shelling out 7.5 freakin' million dollars, where there's smoke, there's fire. And, like, there's actual company policy for anyone in upper management having any kind of relationship with fellow employees, which has been posted in this thread a few times so if the person in charge is violating those rules? That's also not something to ignore, either. We just had a major case of this when Jeff Zucker had to leave his position as President of CNN when the board found out he was having a relationship with an employee and he's been in news media literally forever so there's absolutely precedence in this. It's the least important part of this case, the use of female employees as sex dolls and the potential sexual assault rank higher, but it's a big part of the board's investigation.
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Post by PTBartman on Jul 12, 2022 6:49:49 GMT -5
Apparently, after Smackdown this evening, Vince is travelling to Canada to meet with Cena to try and convince him to come do something for Summerslam. I'm thinking Cena, and then later Rock, slam the door in his face. Even if they love him like a father and feel they owe him and love the business and the fans, no way their management and those around them let them anywhere near this situation for now. Or at least, if I was the advisors, that's what I'd be telling them. I wonder how this will effect The Rocks presidential run in '32?
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