So, Vince McMahon was hit with a subpoena by a federal grand jury and federal agents conducted a search as part of an investigation by the SEC relating to his payoffs to women he has been accused of sexually assaulting. These revelations lit a firestorm last spring that ultimately led to Vince briefly retiring from WWE before forcing his way back into power through his majority shareholdings. He helped spearhead the sale of the company to Endeavor and has been restored to his position as Executive Chairman. Recently, he took an indefinite leave of absence because of back surgery.
I’m not going to mince words. Vince McMahon needs to go, for good. He should not be running this company in light of all the allegations against him. Now, yes, I get it, people are innocent until proven guilty. Most of us are not the owner of a publicly traded, billion-dollar corporation that employs A LOT of women and has millions of female fans. He has allegedly committed crimes and there is credible evidence to back those allegations. He did the right thing by stepping away last year and he needs to do the right thing now and retire for good. Retire and sell the shares.
It is my opinion, and the opinion of a lot of other people, Vince should not be in a position where he manages the careers of other women after these credible allegations. He allegedly used his power to coerce women into having sex with him and it’s unacceptable that he’s still in a position of power where he could potentially do it again. Again, I understand that people are innocent until proven guilty, but the cliché is legit, where there’s smoke, there’s fire.
Now, if there needs to be financial evidence that tells the powers that be that Vince needs to go, then there’s plenty of that too. Since “money talks” it’s noteworthy that business for WWE has skyrocketed since Vince’s fake retirement last year. Revenue, profits, attendance, ratings, morale, and the quality of the product itself have drastically improved since Vince stepped away. Those trends have continued since his return because, for the most part, he has not interfered with the creative plans. The exception is morale within the company. That took a hit with his return, and I absolutely understand the feelings of those who feel negatively about the situation. I echo the statements of anyone that has stated the truth that the WWE DOES NOT NEED VINCE ANYMORE. His presence is just a distraction at this point.
As a fan of the Washington Commanders, I’m familiar with billionaires that only do the right thing because of financial reasons. In the summer of 2020, major retailers across the country pulled the teams merchandise because of it’s continued use of a racist name, forcing former team owner Dan Snyder to change the team’s name. If Ari Emmanuel needs financial evidence to get rid of Vince, then just look at the earnings reports since he “retired” last summer. It would be nice if the right thing was done for moral reasons. Sadly, that’s just not enough for some people. We’ll see what happens.