Posted on 7/25/122 by Colin Vassallo
Vince McMahon has been removed from the WWE
Board of Directors and no longer occupies a
position despite being the largest
shareholder of the company. This is the
first time that McMahon will not be part of
the Board ever since the company went public
in October 1999.
The WWE Board of Directors now has three
executive members – Stephanie McMahon, Nick
Khan, and Paul Levesque. It also has seven
independent members – Steve Koonin, Ignace
Lahoud, Erika Nardini, Steve Pamon, Man Jit
Singh, Jeffrey R. Speed, and Alan M. Wexler.
Man Jit Singh, the former President of Home
Entertainment at Sony Pictures
Entertainment, is leading the investigation
into Vince McMahon’s hush money allegations.
The Board now has two less members, with
Vince out and independent member Connor
Schell who resigned a few weeks ago.
With McMahon’s removal and today’s news, the
chances of McMahon ever getting some sort of
power back down the line is considerably
very slim and close to none.