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Update: Vince McMahon retires after rape allegations and NDAs and all that


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1 hour ago, BloodyHell said:

Ya, especially finding out he has an 84% voting share. Vince McMahon didn't step away of his own volition. Something is up.

 

He didn't step away, he's still running creative and the behind the scenes stuff for shows. Probably still running the company from the backroom lol

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13 minutes ago, Spork3245 said:

 

He didn't step away, he's still running creative and the behind the scenes stuff for shows. Probably still running the company from the backroom lol

It all seems very "Activision thoroughly investigated itself and found no wrongdoing on Activisions part whatsoever." Except in this version, even if they want to vote Kotick out, they couldn't.

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7 minutes ago, Bloodporne said:

For 3mil I would absolutely make that motherfucker go 

 

Shocked Vince Mcmahon GIF

Im sure a few of the early Divas got paydays for affairs.

He didn't hire Sytch or Keibler for their wrestling skills. Im sure he treated them the same off screen as he did on.

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1 hour ago, BloodyHell said:

It all seems very "Activision thoroughly investigated itself and found no wrongdoing on Activisions part whatsoever." Except in this version, even if they want to vote Kotick out, they couldn't.


The board of directors could actually vote him out. He’d maintain majority shares but wouldn’t be on the board or CEO anymore. Not everyone on the board works for WWE, I believe the ceo of General Motors is one of the 12 board members, for example. I think Laurinaitis will take the majority fall for this, though.

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13 hours ago, Spork3245 said:


The board of directors could actually vote him out. He’d maintain majority shares but wouldn’t be on the board or CEO anymore. Not everyone on the board works for WWE, I believe the ceo of General Motors is one of the 12 board members, for example. I think Laurinaitis will take the majority fall for this, though.

As I understand it, they can't. The boards votes are worth 16%, his are worth 84%. At least thats what some wrestling journalist guy was saying yesterday. 

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52 minutes ago, BloodyHell said:

As I understand it, they can't. The boards votes are worth 16%, his are worth 84%. At least thats what some wrestling journalist guy was saying yesterday. 


That depends on how voting rights are within WWE. Some go by ownership percentage, others do a simple majority - I have no idea how WWE’s have theirs established. It would be a removal of him from the board, but not necessarily as the owner.

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1 hour ago, Spork3245 said:


That depends on how voting rights are within WWE. Some go by ownership percentage, others do a simple majority - I have no idea how WWE’s have theirs established. It would be a removal of him from the board, but not necessarily as the owner.

I just found the journalists name. Metzler or something, and he said wwe was set up so that they couldn't take the company in a hostile takeover, and that he owns 84% of all voting stock. He was on a show of some guy who recently had a match against McMahon?

 

I don't watch at all, so sorry I can't be more specific on these people. 

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35 minutes ago, BloodyHell said:

I just found the journalists name. Metzler or something, and he said wwe was set up so that they couldn't take the company in a hostile takeover, and that he owns 84% of all voting stock. He was on a show of some guy who recently had a match against McMahon?

 

I don't watch at all, so sorry I can't be more specific on these people. 

 

Yes, McMahon is the majority shareholder, but that doesn't mean necessarily mean he can't be voted out in this instance as we don't know how the board is set-up in terms of the operating agreement. 

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3 minutes ago, Spork3245 said:

 

Yes, McMahon is the majority shareholder, but that doesn't mean necessarily mean he can't be voted out in this instance as we don't know how the board is set-up in terms of the operating agreement. 

But thats what im saying, Metzler said its set up so they can't remove him.

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1 hour ago, BloodyHell said:

But thats what im saying, Metzler said its set up so they can't remove him.

 

It's set-up so a hostile take-over cannot happen, not so Vince cannot be removed from the board of directors. It's two different things. We also do not know if a board member loses their right to a vote when an investigation is about them.

To clarify, I am not suggesting that he will be removed, I'm just stating it's possible (however unlikely). The only thing that can bite him in the ass on this is the paralegal's salary more than doubling upon the time their relationship began. Everything else was consensual and used Vince's own money.

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31 minutes ago, Spork3245 said:

 

It's set-up so a hostile take-over cannot happen, not so Vince cannot be removed from the board of directors. It's two different things. We also do not know if a board member loses their right to a vote when an investigation is about them.

To clarify, I am not suggesting that he will be removed, I'm just stating it's possible (however unlikely). The only thing that can bite him in the ass on this is the paralegal's salary more than doubling upon the time their relationship began. Everything else was consensual and used Vince's own money.

Oh, im just pointing out what I heard about it. Im sure vince is a terrible person. Nobody who did business with him seems to like him.

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23 minutes ago, BloodyHell said:

Oh, im just pointing out what I heard about it. Im sure vince is a terrible person. Nobody who did business with him seems to like him.

 

If you sneeze in his presence he loses all respect for you as he takes it to mean "you can't control your own body".
I wish that were made up.

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8 minutes ago, Spork3245 said:

 

If you sneeze in his presence he loses all respect for you as he takes it to mean "you can't control your own body".
I wish that were made up.

I heard this from a jim cornette podcast when I was looking for information on this. 

 

 

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26 minutes ago, Spork3245 said:

 

Nah, Vince is way better then Trump if only because he worked hard to make his money.

And Kotick built a failing activision into a 70bn$ operation.

But they are still all shitstains.

 

Well, I have no idea who the rockstar guys are. 

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25 minutes ago, BloodyHell said:

And Kotick built a failing activision into a 70bn$ operation.

But they are still all shitstains.

 

Well, I have no idea who the rockstar guys are. 

 

For sure, never implied that they weren't all shit stains. Kotick came from money IIRC. Vince grew up poor as dirt. His dad had money but wanted nothing to do with him for a long time (If I remember correctly, before his dad left, Vince's father would beat the shit out of him and his mom). He still sucks, I'm just saying he at least clawed his way to where he is now money-wise.

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8 minutes ago, Spork3245 said:

 

For sure, never implied that they weren't all shit stains. Kotick came from money IIRC. Vince grew up poor as dirt. His dad had money but wanted nothing to do with him for a long time (If I remember correctly, before his dad left, Vince's father would beat the shit out of him and his mom). He still sucks, I'm just saying he at least clawed his way to where he is now money-wise.

Kotick wasn't born rich, at least I don't believe so. He started a software company in university, and got funding from Steve Wynn. Quit university and worked for his company until him and his partner bought 25% of Activision as it was about to go bankrupt. Then they meged the two, and the rest is history.

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