The news about Vince McMahon’s return is a huge story for the wrestling business and it’s anyone’s guess what this means for WWE’s future. What is known for sure is that there’s a lot of people in the company who are shocked at the recent events.

PWInsider reported today that his return “pretty much shocked everyone we have spoken with.” The feeling is that other than people in his inner circle, this took most people in the company by surprise and there are a lot of people wondering what is next.

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The morale in the company is said to have been much better since McMahon stepped down last July. PWInsider added that they heard from some who said that “they want out” if McMahon returns. Well, he is back so we’ll see what happens but one has to wonder if some people will be let go as Triple H has brought back a lot of names that were let go when Vince was in charge.

Mike Johnson at PWInsider wrote, “Vince is exercising ultimate control. Everyone in WWE is still processing that he did.”

An “all hands on deck” company meeting is scheduled for 3 pm eastern today so we may know more about Vince’s plans by then.

Source: WrestlingNews.co

As previously reported, Vince McMahon has officially returned to the WWE board of directors, adding George Barrios and Michelle Wilson as well. He announced that he was coming back to oversee media rights negotiations and any potential sale of the company.

PWInsider reports that there will be an employee meeting this afternoon which is being described as ‘all hands on deck’. The meeting happens at 3:30 PM ET.

Source: 411Mania

McMahon initially stepped down as CEO after an investigation found that he had paid nearly $15 million to four women over 16 years to quiet claims of sexual misconduct.

World Wrestling Entertainment confirmed on Friday that former CEO and majority shareholder Vince McMahon will be reinstated to the company’s board.

The company’s stock spiked 20% on the news of McMahon’s comeback.

“Today, we announce that the founder of WWE, Vince McMahon, will be returning to the Board,” WWE executives said in a Friday press release.

The Board’s confirmation follows McMahon’s own announcement on Thursday that he intended to reinstate himself as executive chairman and launch an effort to sell the company. He also said he would bring back former co-presidents Michelle Wilson and George Barrios as board directors.

Three current board members, JoEllen Lyons Dillon, Jeffrey Speed and Alan M. Wexler, were removed from their positions. Two additional directors, Ignace Lahoud and Man Jit Singh, resigned from the board, effective Friday.

McMahon initially stepped down as CEO after an investigation found that he had paid nearly $15 million to four women over 16 years to quiet claims of sexual misconduct.

Even during his leave, McMahon maintained control over the company as a majority shareholder. In a November regulatory filing, WWE said, “Mr. McMahon can effectively exercise control over our affairs.”

McMahon saw a need to return to his board position as the company faces negotiations over media rights and strategic initiatives moving forward, according to The Wall Street Journal. WWE has been spotted as a target for acquisition recently.

Analysts at MKM Partners, which has a buy rating on the stock, said in a note Friday that “an immediate exploration of a sale for WWE makes a lot of sense.”

WWE confirmed Friday it would review “strategic alternatives,” but said, “There is no assurance that this process will result in a transaction.”

Shares of the company are up 75% in the last 12 months. The stock trades with a market capitalization of more than $6 billion.

Source: NBC News