Originally posted by StingArmyWhy is Shane making this announcement "with great sadness?" Sure it's a big step in his life, but it's not like he was being shoved out the door. Was he? Maybe I'm just reading too much into that opening, but it doesn't sound like a very pleasant departure.
Originally posted by CRZ
Originally posted by CajunManThanks for the input, Looks like Shane got enough money to start his own wrestling company.
So do lots of other people, all of whom will NEVER START THEIR OWN WRESTLING COMPANY.
I know you like picking on CajunMan, but I don't see where he suggested Shane was going to start his own wrestling company. His comment basically translates into, "Boy, apparently Shane is coming out of this deal with a ton of money!"
If I said, "It's so hot outside you could fry an egg on the sidewalk," would you be so quick to point out that lots of people have hot sidewalks but none of them fry eggs on them?
Originally posted by StingArmyI know you like picking on CajunMan, but I don't see where he suggested Shane was going to start his own wrestling company. His comment basically translates into, "Boy, apparently Shane is coming out of this deal with a ton of money!"
I can't take this bait. I am, after all, the very picture and model of restraint.
Let me add that I anxiously await ESPN's surely imminent announcement of their hiring of Shane McMahon - that is, if that's the sort of place where Shane really wants to work.
Originally posted by StingArmyI know you like picking on CajunMan, but I don't see where he suggested Shane was going to start his own wrestling company. His comment basically translates into, "Boy, apparently Shane is coming out of this deal with a ton of money!"
I can't take this bait. I am, after all, the very picture and model of restraint.
Let me add that I anxiously await ESPN's surely imminent announcement of their hiring of Shane McMahon - that is, if that's the sort of place where Shane really wants to work.
I wouldn't be surprised if he tries to get something going in the realm of MMA. Not saying he's going to start his own company (I sincerely doubt that he would), but he's been known to be big into MMA, and I wouldn't be surprised to see him try to work with an MMA organization somewhere (ie : one that isn't UFC) to try to raise their profile.
You wanted the best, you got... Out of Context Quote of the Week: FROM THE VAULTS.
"I just want the ability to crush a man's neck with my thighs." (JST)
Originally posted by CRZ
Originally posted by StingArmyI know you like picking on CajunMan, but I don't see where he suggested Shane was going to start his own wrestling company. His comment basically translates into, "Boy, apparently Shane is coming out of this deal with a ton of money!"
I can't take this bait. I am, after all, the very picture and model of restraint.
Let me add that I anxiously await ESPN's surely imminent announcement of their hiring of Shane McMahon - that is, if that's the sort of place where Shane really wants to work.
As an officer of WWE, Inc., (Shane) was required to report any purchase or selling of WWE stock. Therefore, we know he owned 43,407 shares as of July 21st. http://investor.shareholder.com/wwe/secfiling.cfm?filingID=1180421-09-2 At current market prices, those shares are worth about $580,000. That's just his WWE stock, of course.
I know that the stock price has fallen since, but I thought as of the IPO, WWE had a market capitalization of over $1 billion. And also that the McMahon family had retained controlling interest (over half the shares).
So the McMahon family's stock was valued at over $500,000,000 .. and Shane's share is under $600k? Not that I expect it was divided into 4 equal pieces, but something's not adding up here. Which also makes me wonder if Shane sold his stock - could the McMahon family lose iron-clad control of the company?
As to why he's leaving? That statement didn't sound at all like he's joining Mom's boutique campaign. To my ear, it sounded like corporate speak for "creative differences".
As an officer of WWE, Inc., (Shane) was required to report any purchase or selling of WWE stock. Therefore, we know he owned 43,407 shares as of July 21st. http://investor.shareholder.com/wwe/secfiling.cfm?filingID=1180421-09-2 At current market prices, those shares are worth about $580,000. That's just his WWE stock, of course.
I know that the stock price has fallen since, but I thought as of the IPO, WWE had a market capitalization of over $1 billion. And also that the McMahon family had retained controlling interest (over half the shares).
So the McMahon family's stock was valued at over $500,000,000 .. and Shane's share is under $600k? Not that I expect it was divided into 4 equal pieces, but something's not adding up here. Which also makes me wonder if Shane sold his stock - could the McMahon family lose iron-clad control of the company?
As to why he's leaving? That statement didn't sound at all like he's joining Mom's boutique campaign. To my ear, it sounded like corporate speak for "creative differences".
FLEA probably knows this better, but I think the McMahon shares are the shares that have controlling interest(type a), while the others have no power(type b). However, when a McMahon sells their shares(type a), they become the type of shares that have no power(type b).
If he were taking over some role in the campaign, they wouldn't build in such a long lag time from now until the time of the actual resignation. (edit: I thought the primaries were closer to 1/1/10 then they actually are. I guess this is plausible.)
Shane McMahon has relationships with pretty much every major media company on every continent. Whether he chooses to go into business for himself, or goes to work for another entity, the contacts and relationships he has forged will be extremely valuable to whomever is the beneificary of these many years of networking. I would be surprised if his next job has anything at all to do with the wrestling industry. The notion of him getting involved with MMA could be slightly plausible, as he certainly could bring a lot of experience and contacts to a group like UFC or Strikeforce. But that seems like only one of the many, many, many ways he could go.
For years now the commonly held belief has been that Steph/HHH have Vince's ear and are essentially the next in line, and that Shane simply didn't have the all-consuming desire to eventually run the company. I believe that's talked about "Ring of Hell" and I feel like I've seen that elsewhere.
As for leaving with great sadness, as the statement mentions, who wouldn't have some regret as they leave their family business that they have been a part of their whole life to strike out on their own? I don't think we need to read something nefarious into this. Hell, it could just be Shane decided that 40 was a good time in life to move on.
(edited by spf on 17.10.09 1033) 2007 and 2008 W-League Fantasy Football champion!
Shane is in an enviable position. I admire him for taking the chance he is taking, and (potentially) passing up that HUGE chunk of WWE that he would be inheriting. He has the whole world as his oyster right now, anything he wants to do he can do, which is awesome. My money is on helping Linda run, with him being re-hired after the election if she loses.
I doubt he sells his stock. He doesn't have to - all the real money from that stock has been paid in dividends, every Q, at a good %. I've always looked at that as 1) a good way to make the stock attractive and 2) to line the pockets of the major shareholders - the McMahon's. THEY get paid large, whether or not the stock performs well or not
So how much money does Shane have? I'd say enough to be rich, but not make anybody with real money nervous. Certainly not enough (and hopefully enough sense not) to blow it on a start-up anything
I'm into the idea of Shane joining Linda's campaign. He's a fun guy and can schmooze all the young up-and-comers with comps and a good time
Politics - it's an election year of the outsider and Linda is probably going to win the thing - especially if everyone still latches on to the idea that her history in "entertainment" is a bad thing. She's the (former) CEO of a billion dollar copmany
Her response to the nonsense has been perfect - "that's all you got?" - let's take a look at your political record, etc". I want to puke every time I read "OMG - they showed the Katie Vick angle - Linda is doomed!". Fuck off. Unless you are just joking about it, of course. If you want to stay in the wrestling bubble, that's your loss - but if you do, think about how nice it will be when Linda arranges a WWE style video package of Dodd's ON RECORD political principles
That's the part that people are missing - elections are won and lost on TV ads - and compared to the WWE's level of production and the ability to get someone over / bury someone, the Washington politicos are working with a Video Toaster program, with scripts written by interns and vetted by out of touch old hacks
Wait until Vince and Linda get serious about this campaign. And I hope the Dopes keep up with their hit pieces on dumb wresting angles and the degradation of women. More fuel for the fire
FLEA
EDIT - they won't be able to show this on any of the Wrestling TV Shows, due to equal time. Unless the oposition wants to...that's too rotten to think about
Nothing stops Linda (or anyone else) from buying ads. Good Luck!, (anyone else)
FLEA
(edited by RYDER FAKIN on 17.10.09 1150) Demonstrations are a drag. Besides, we're much too high
"Learn to love yourself... for it is the greatest love of all" - Jeremy Borash 11:24 AM May 13th,2009
I live in Connecticut, and there are plenty of 'Dump Dodd' signs all over the place, but there are going to be a plethora of people going after that seat. So, while she can make Dodd look like a fool by bringing up some of his track record with the banks and what have you it's not like that is going to be an attack that is exclusive to her.
The WWE office is based in CT, but you wouldn't really notice unless you drive by the building. It's not like they have home field advantage here. So, while things like the Katie Vick angle aren't going to sink her, there are enough 'lower level' local politicians who will probably build more steam.
Her best shot is using her cash and going in as a third party ala that little worm Lieberman, but that might just be the type of thing that gets Dodd re-elected, and as of this moment I wouldn't totally have a problem with.
Originally posted by RYDER FAKINSo how much money does Shane have? I'd say enough to be rich, but not make anybody with real money nervous. Certainly not enough (and hopefully enough sense not) to blow it on a start-up anything
Don't forget about his wife's money too... Shane married into a family that I'm pretty sure is wealthier than his own.
Originally posted by RYDER FAKINSo how much money does Shane have? I'd say enough to be rich, but not make anybody with real money nervous. Certainly not enough (and hopefully enough sense not) to blow it on a start-up anything
Don't forget about his wife's money too... Shane married into a family that I'm pretty sure is wealthier than his own.
As an officer of WWE, Inc., (Shane) was required to report any purchase or selling of WWE stock. Therefore, we know he owned 43,407 shares as of July 21st. http://investor.shareholder.com/wwe/secfiling.cfm?filingID=1180421-09-2 At current market prices, those shares are worth about $580,000. That's just his WWE stock, of course.
I know that the stock price has fallen since, but I thought as of the IPO, WWE had a market capitalization of over $1 billion. And also that the McMahon family had retained controlling interest (over half the shares).
So the McMahon family's stock was valued at over $500,000,000 .. and Shane's share is under $600k? Not that I expect it was divided into 4 equal pieces, but something's not adding up here. Which also makes me wonder if Shane sold his stock - could the McMahon family lose iron-clad control of the company?
My interpretation is that when we hear "The McMahon Family has controlling interest in WWE", that means "Vince", plus the fact that Vince's will/trust presumably leaves his controlling shares to Linda, Steph & possibly Shane. There's not really any reason why Vince would *want* to divvy up the controlling interest with the kids -- that's just asking for trouble.
Your question about the impact on the company of Shane selling his stock is *exactly* why Vince wouldn't have spread around the stock.
Half a mil in a single stock is a tidy chunk. Guaranteed, high-paying jobs with that same company also makes for a tidy chunk, from which they should be making their own investments. (Glancing through some of the other SEC filings, I'd guess that Steph & Shane both probably get something like half a mil in annual salary.) IMO, it would be foolish for anybody *other* than Vince to have much more reliance than that on a single company. They should be diversified elsewhere.
This all sounds perfectly prudent & appropriate to me.
As for why Shane is leaving, what I think will be interesting is what happens to his former position. If the hierarchy in that area stays the same, & they hire/promote to fill that position, that tells me that Shane & dad had a spat. If they restructure & downsize that area, that implies to me that it's more of an issue of "we're cost-cutting, & you either need to step it up or be out of the way." That's where I'm tossing my speculation.
Originally posted by RYDER FAKIN Her response to the nonsense has been perfect - "that's all you got?" - let's take a look at your political record, etc".
Which is a patently absurd argument coming from someone who doesn't have a political record to speak of. In that sense, it is just as valid to use her entertainment record as a means of assessing her judgment as it is to use her opponent's record of back-deals and whatnot.
Yes, ads are a big part of it, but it also comes down to the emotions of the voters, and necrophilia and women barking like dogs, done solely for the benefit of making money, have a strong impact on soccer moms. If they're against the ropes, they can also delve into the numerous wrestler deaths that her company oversaw, up to and including Benoit. Things she may not be directly responsible for but will nevertheless, as the CEO, have a tough time making an argument that she was totally clueless about (even if she was).
Her money will make her a contender, but I still don't believe it's going to be a slam dunk for her just because she was a CEO, especially given that big business isn't a heart-warming concept to most folks these days. And of course, there's her complete lack of political experience; being a senator isn't like running for city council.
Re: Shane, I'm glad he's leaving if that's what's going to be best for him and his family, and I'm certainly glad I won't ever see him beating up any wrestlers any time soon.
The CT primary field is pretty stacked, and to be honest I don't see her getting through that group. This isn't Jesse Ventura running against two of the worst candidates of the modern era. Rob Simmons has already gained solid name recognition and taken the front-runner spot. Caliguri and Foley both have solid records in case Simmons falters. And she's not even the best maverick in the race, as Peter Schiff, the stockbroker who called the 2008 collapse and is something of a cult figure in economic circles is also in the race.
Add in that she's running in the GOP, where a certain chunk of the electorate is not going to vote for anyone who puts on the programming WWE put on, and her record of giving to both parties in the last few cycles, and she's going to have a LOT of trouble carving out any sort of niche for herself.
She might almost have been better off trying to primary Dodd. Her money might have been able to choke off other competition and give her a heads-up fight against a very unpopular senator.
I will be surprised if she pulls more than 12% or so of the primary vote.