Shortly after we learned of Vince McMahon’s return this morning (January 6), word got out that WWE would be holding an “All Hands” meeting this afternoon.
- This was only for employees, not talent. Neither signatory said if there would be a meeting of independent contractors such as the wrestlers.
- The meeting was led by CEOs Stephanie McMahon and Nick Khan and President/Chief Financial Officer Frank Riddick, and confirmed that there would be no changes to day-to-day operations as a result of Vince’s return. This trio and chief content officer Paul “Triple H” Levesque retain their titles.
- The move was, unsurprisingly, presented as a positive. It was said that Vince’s return would ensure that everyone is on the same page when it comes to the future of the company.
- The board and management will consider a potential sale to the company before they begin negotiating the rights to content like Raw, SmackDown, and NXT. The sale may not happen, nor should it be assumed that it will, but if that appears to be the most lucrative course, they will take it before signing new TV/Broadcast contracts.
- One of the “possible avenues” mentioned is to make the company private again. Again, they didn’t say that was the plan, just that it was something they would be willing to do if it turned out to be “the best outcome for the shareholders.”
- They didn’t take questions.
- Insiders described it as a “largely held meeting to try to boost the morale of the troops.”
It’s pretty much what you’d expect from this sort of thing. Messages from above about changes around are always presented as positive. Until it becomes more than talk, it’s impossible to know for sure how much turnover.