As we previously reported here on eWn, during an “all hands on deck” meeting held on September 19th, which featured Vince McMahon, Triple H, Ari Emanuel, and Nick Khan, McMahon notably referred to Endeavor’s CEO as his “boss” and asserted that WWE had “plateaued” before the merger. This statement was met with skepticism within the company, as many pointed to WWE’s record-breaking numbers as evidence to the contrary.
The merger, which officially formed the TKO Group valued at over $21 billion on September 12th, was followed by a wave of layoffs within WWE, affecting more than 100 employees.
McMahon’s remarks have fueled speculation among some that he may have orchestrated the Endeavor deal as a means to regain control and influence within the company, and we can now report that this also garnered sympathy for Triple H and Stephanie McMahon.
Furthermore, Ari Emanuel’s comment about getting a job for his daughter, who had already been working at WWE before the sale to Endeavor, didn’t sit well with some employees. While some saw it as a light-hearted “dad joke,” others took it more seriously. Emanuel made himself available to employees for interactions after the meeting, unlike Vince McMahon, who promptly left. McMahon’s quick exit was attributed to his ongoing recovery from back surgery.
Notably, Triple H did not address the meeting attendees. The gathering included approximately 300 to 400 employees, with some who had not yet moved to the new office, making it their first such meeting.
As we previously reported, despite acknowledging the necessity of the layoffs during the meeting, they were still considered an unfortunate consequence of the merger. Vince McMahon, holding the position of Executive Chairman within the TKO Group, continues to wield significant influence, though there is hope among some within WWE that he may step back from involvement in creative and weekly programming.
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The recent merger between WWE and Endeavor has caused quite a stir within the wrestling industry. During a meeting held on September 19th, WWE Chairman Vince McMahon referred to Endeavor’s CEO as his “boss” and claimed that WWE had “plateaued” before the merger. This statement raised eyebrows among many employees, who pointed to WWE’s record-breaking numbers as evidence to the contrary.
The merger officially formed the TKO Group, which is now valued at over $21 billion. However, it also resulted in a wave of layoffs within WWE, affecting more than 100 employees. This move has led some to speculate that McMahon orchestrated the merger as a way to regain control and influence within the company.
McMahon’s remarks have also garnered sympathy for Triple H and Stephanie McMahon, who are seen as being caught in the middle of this power struggle. Additionally, Ari Emanuel’s comment about getting a job for his daughter, who was already working at WWE before the sale to Endeavor, didn’t sit well with some employees. While some saw it as a harmless joke, others took it more seriously.
Interestingly, Triple H did not address the meeting attendees, which included approximately 300 to 400 employees. For some, this was their first such meeting since they had not yet moved to the new office. McMahon’s quick exit from the meeting was attributed to his ongoing recovery from back surgery.
Despite acknowledging the necessity of the layoffs during the meeting, they were still considered an unfortunate consequence of the merger. Vince McMahon, as the Executive Chairman of the TKO Group, continues to hold significant influence within WWE. However, there is hope among some employees that he may step back from involvement in creative and weekly programming.
In conclusion, the WWE-Endeavor merger has sparked speculation and controversy within the wrestling industry. Vince McMahon’s comments about the company plateauing and his role as “boss” have raised questions about his intentions. The layoffs and Ari Emanuel’s comment about his daughter’s job have further fueled the debate. As the TKO Group moves forward, it remains to be seen how McMahon’s influence will shape the future of WWE.