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Former CEO of WWE Vince McMahon has started making headlines soon after finding his way back into the company.
McMahon regained his seat as executive chairman of WWE through a unanimous vote. The latest reports indicate that he has also rehired a few of his loyal employees who were let go by the promotion during his absence.
The 77-year-old wanted to ensure that he surrounded himself with the right people when he came back to the company. According to a report by Ringside News, McMahon returned to the Stamford office this week but did not come alone.
In fact, Mr. McMahon reportedly brought back employees who the company had fired during his absence. A WWE tenured member mentioned that McMahon returned to headquarters with his old team.
"McMahon brought back Brad Blum, his Chief of Staff, too, who had just been let go about a month and a half ago." [H/T - Ringside News]
The report also suggests that Mr. McMahon now has a robust internal support system, thanks to the reappointment of former co-presidents Michelle Wilson and George Barrios to WWE's Board of Directors, as well as the return of Brad Blum to the company.
WWE names board members who resigned after Vince McMahon's return
According to reports, the former CEO's return to WWE is only to aid in the sale of the company. Vince McMahon was looking for potential buyers for the Stamford-based promotion and wanted to privatize it.
Numerous probable bidders for World Wrestling Entertainment have been noted, including Disney, the Public Investment Fund of Saudi Arabia, and AEW owners Shahid and Tony Khan.
However, Mr. McMahon's return to the promotion has enraged several employees. Following reports and observations from the WWE Corporate website's SEC Filings and other documents section, the company announced that Ignace Lahoud and Man Jit Singh have stepped down from the Board of Directors, effective January 6, 2023.
While Lahoud and Singh agreed with the Board's decision to look into strategic alternatives for the company, they reportedly opposed Mr. McMahon's return.
What do you think of Vince McMahon's return to the WWE Board of Directors? Sound off in the comments section below.
