|
Post by Finish Uncle Muffin’s Story on Jul 25, 2022 11:01:07 GMT -5
Meltzer deleted a tweet that said Vince was using company funds and Thurston is now saying that the NDA money should have been reported as it's a personal expense that ultimately benefits the company.
So, it seems that while he may not have used company money to be a scumbag, he was a scumbag that paid out money because he didn't want it to damage his company.
|
|
|
Post by xCompackx on Jul 25, 2022 11:07:21 GMT -5
Interesting that Vince retiring and news of HHH taking over creative made the stock price jump. Guess the company wasn't as dependent on Vince staying around as they wanted us to believe.
|
|
|
Post by kingoftheindies on Jul 25, 2022 11:09:58 GMT -5
Interesting that Vince retiring and news of HHH taking over creative made the stock price jump. Guess the company wasn't as dependent on Vince staying around as they wanted us to believe. I honestly put most of that on Nick Khan. Dude is all about the bottom line. Speaking of which, Meltzer and Zarian both said they spoke to businesses who made a couple comments. 1)Co-CEOs never work in business, and if it came down to choosing one, Nick Khan would ultimately win that battle 2)Even if he's retired, unless Vince sells his stock he is still the one in control of WWE. 3)Expect a lot of power grabs
|
|
|
Post by Feyrhausen on Jul 25, 2022 11:15:25 GMT -5
Interesting that Vince retiring and news of HHH taking over creative made the stock price jump. Guess the company wasn't as dependent on Vince staying around as they wanted us to believe. I honestly put most of that on Nick Khan. Dude is all about the bottom line. Speaking of which, Meltzer and Zarian both said they spoke to businesses who made a couple comments. 1)Co-CEOs never work in business, and if it came down to choosing one, Nick Khan would ultimately win that battle 2)Even if he's retired, unless Vince sells his stock he is still the one in control of WWE. 3)Expect a lot of power grabs On the Co CEO issue I dont think it will be an issue. Khan will be making sure business is being done. Steph is there so a McMahon is still the public face of the company. Her contributions will come when say Khan wants to cut some expenses she advises him on who is expendable.
|
|
|
Post by peaches1 on Jul 25, 2022 11:15:38 GMT -5
Interesting that Vince retiring and news of HHH taking over creative made the stock price jump. Guess the company wasn't as dependent on Vince staying around as they wanted us to believe. I honestly put most of that on Nick Khan. Dude is all about the bottom line. Speaking of which, Meltzer and Zarian both said they spoke to businesses who made a couple comments. 1)Co-CEOs never work in business, and if it came down to choosing one, Nick Khan would ultimately win that battle2)Even if he's retired, unless Vince sells his stock he is still the one in control of WWE. 3)Expect a lot of power grabs And isn't Vince the one with most of the voting power in the company? Meaning he'd be the one that would choosing Khan over Stephanie?
|
|
"Magic" Mark Hurr
Bill S. Preston, Esq.
Here, have some chili dogs
Now featuring half the brain that you do.
Posts: 16,612
|
Post by "Magic" Mark Hurr on Jul 25, 2022 11:16:52 GMT -5
Interesting that Vince retiring and news of HHH taking over creative made the stock price jump. Guess the company wasn't as dependent on Vince staying around as they wanted us to believe. Boy oh boy, there are several take-aways from this shitshow that can become thier own thread. Like comic book tie-ins to major stories.
|
|
nisidhe
Hank Scorpio
O Superman....O judge....O Mom and Dad....
Posts: 5,769
|
Post by nisidhe on Jul 25, 2022 11:23:41 GMT -5
I honestly put most of that on Nick Khan. Dude is all about the bottom line. Speaking of which, Meltzer and Zarian both said they spoke to businesses who made a couple comments. 1)Co-CEOs never work in business, and if it came down to choosing one, Nick Khan would ultimately win that battle2)Even if he's retired, unless Vince sells his stock he is still the one in control of WWE. 3)Expect a lot of power grabs And isn't Vince the one with most of the voting power in the company? Meaning he'd be the one that would choosing Khan over Stephanie? At this point, his power over the company would be limited to holding the stock or selling it. If he's seen as pulling strings over the executive suite after all this has come out, that's when the feds step in and start going through the records with a fine-toothed comb. If certain rumours are true, there's more to Vince's issues requiring him to retire so suddenly. It's been reported that he has been suffering some cognitive issues and having difficulty remembering things like how many matches two competitors have been having or how to name superstars - the kind of stuff that absolutely impacts on creative and, ultimately, presentation.
|
|
Demented
Bill S. Preston, Esq.
Winner of the Harleen F. Quinzel Legacy of Puddin Award
Say his name and he appears! I believe in Demented!
Posts: 16,105
|
Post by Demented on Jul 25, 2022 11:23:56 GMT -5
So THAT's where McMahon got the money for McMahon's millions.
Right....
Right?
|
|
|
Post by "Evil Brood" Jackson Vanik on Jul 25, 2022 11:30:35 GMT -5
Interesting that Vince retiring and news of HHH taking over creative made the stock price jump. Guess the company wasn't as dependent on Vince staying around as they wanted us to believe. I think the main driver is an analyst raising their valuation of the stock based on the belief that this is all making WWE more likely to be sold.
|
|
salz4life
Grimlock
Prichard is a guy who gets that his job is to service his boss.
Posts: 14,361
|
Post by salz4life on Jul 25, 2022 11:33:03 GMT -5
HA My local CBS affiliate being all "voluntarily" Peoria is my hometown! LOL
|
|
|
Post by Feyrhausen on Jul 25, 2022 11:35:29 GMT -5
HA My local CBS affiliate being all "voluntarily" Peoria is my hometown! LOL Still hoping to move that way in a few years. We really liked Morton.
|
|
salz4life
Grimlock
Prichard is a guy who gets that his job is to service his boss.
Posts: 14,361
|
Post by salz4life on Jul 25, 2022 11:37:11 GMT -5
Pointing out an interesting bit of timing with all this: THE TRIAL OF HIS LIFE II Real Vince has become Lapsed Vince....
|
|
|
Post by darbus alan on Jul 25, 2022 11:37:15 GMT -5
So this…puts some of it in a whole new context. Resigned before this came out and the shareholders tossed him. He still owns the majority of voting shares. But something tells me that the feds are going to get involved now. At the very least this is going to get the SEC's attention.
|
|
|
Post by kingoftheindies on Jul 25, 2022 11:42:39 GMT -5
I honestly put most of that on Nick Khan. Dude is all about the bottom line. Speaking of which, Meltzer and Zarian both said they spoke to businesses who made a couple comments. 1)Co-CEOs never work in business, and if it came down to choosing one, Nick Khan would ultimately win that battle2)Even if he's retired, unless Vince sells his stock he is still the one in control of WWE. 3)Expect a lot of power grabs And isn't Vince the one with most of the voting power in the company? Meaning he'd be the one that would choosing Khan over Stephanie? Well if that's the case Vince did previously side with Khan over Stephenanie in the past
|
|
|
Post by Feargus McReddit on Jul 25, 2022 11:47:50 GMT -5
Meltzer deleted a tweet that said Vince was using company funds and Thurston is now saying that the NDA money should have been reported as it's a personal expense that ultimately benefits the company. So, it seems that while he may not have used company money to be a scumbag, he was a scumbag that paid out money because he didn't want it to damage his company. Wow, that really does make it wrestling’s “Getting Al Capone on Tax Evasion”.
|
|
|
Post by The Thread Barbi on Jul 25, 2022 11:54:44 GMT -5
Probably unrelated but Elon Musk just called out the WSJ on a hit-piece regarding an affair with a Google founder's ex-wife.
So whatever they have on McMahon is of the legitimate variety it seems.
|
|
|
Post by Alice Syndrome on Jul 25, 2022 12:09:52 GMT -5
Given your line of work, is your take from this that he used company money and then just didn’t expense it back in any way shape or form? It seems like that from reviewing the 8-K, but I know there’s talk about personal payments, etc. Yeah, I haven't looked at the financial statements, so I don't know how/where the 14m was accounted for, but the fact that the revenues were artificially inflated because they didn't expense it would make me very upset as an investor. I'm British but I'm assuming accounting qualifications and regulations are at least similar in America to the ones I signed. Did you also have to pledge to never participate in or look the other way on sketchy bullshit like this?
|
|
Legion
Fry's dog Seymour
Amy Pond's #1 fan
Hail Hydra!
Posts: 23,410
|
Post by Legion on Jul 25, 2022 12:12:58 GMT -5
Meltzer deleted a tweet that said Vince was using company funds and Thurston is now saying that the NDA money should have been reported as it's a personal expense that ultimately benefits the company. So, it seems that while he may not have used company money to be a scumbag, he was a scumbag that paid out money because he didn't want it to damage his company. Not surprised he deleted that. That isn't established fully yet. Vince could have sued him. When did Linda step down as Chief Financial Officer? Wonder if she gets dragged in to this.
|
|
|
Post by Koda, Master Crunchyroller on Jul 25, 2022 12:14:51 GMT -5
Damn, they really caught Vince in 8K doing this shit.
|
|
|
Post by Confused Mark Wahlberg on Jul 25, 2022 12:17:26 GMT -5
Yeah, I haven't looked at the financial statements, so I don't know how/where the 14m was accounted for, but the fact that the revenues were artificially inflated because they didn't expense it would make me very upset as an investor. I'm British but I'm assuming accounting qualifications and regulations are at least similar in America to the ones I signed. Did you also have to pledge to never participate in or look the other way on sketchy bullshit like this? I do nonprofit accounting now, so we get audited every year and have to attest that we haven't seen or participated in any fraud, and if we did, we would have to report it immediately.
|
|