WWE announced a major, and somewhat shocking, change to their leadership team this afternoon by declaring that Co-Presidents Michelle Wilson and George Barrios were out of the company effectively immediately. Both had been with WWE for a number of years but it seems clear that the 2019 full year and fourth quarter results (set to be announced next week on 2/6) probably will not meet expectations, prompting Vince McMahon to make this change.
The sudden change obviously spooked investors as the WWE stock fell sharply in after-hours trading. The company made the announcement after the markets had closed when the stock was at $62.30 but when the news became public, the stock plunged going as low as $47.80 but rebounding slightly to $49.00 as of this writing. Given the length of time Wilson and Barrios served with WWE and the prominent positions that they held, this is pretty massive news to say the least.
- POSSIBLE *SPOILER* – WWE Re-Names & Re-Designs NXT Title To Set Up TOP Women’s Match, Star-Making Moment At WrestleMania 36 …
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