Bischoff shares insights on Vince McMahon’s voting power and Triple H’s absence from the board.
Eric Bischoff delved into the recent changes in WWE’s board structure, with the most notable shift being Vince McMahon no longer holding 81 percent of the voting power. This significant change has raised eyebrows in the wrestling community, prompting many to speculate about the company’s future direction.
Bischoff, a seasoned figure in the wrestling world, wasn’t too surprised about Triple H, or Paul Levesque’s name, being absent from the board for the first time since 2015. He stated, “When you look at the composition of the board, the people that are on it, these are individuals with extensive experience in managing, building, and operating publicly held companies. Triple H, as much experience as he has in the industry, has very little experience managing a publicly held corporation.”
Bischoff went on to praise Levesque’s contributions to the wrestling industry, emphasizing that he likely still plays a crucial role in WWE’s operations. However, the absence from the board doesn’t necessarily reflect his importance within the company.
The former WCW President also touched upon the vacant board position, expressing his hope that Stephanie McMahon would fill the role. “Stephanie has a lot of experience, and she’s done a commendable job on the forward-facing end of WWE for several years. She’s very smart, sophisticated, and knows her way around a boardroom,” Bischoff added.
The episode concluded with Bischoff highlighting WWE’s current market cap, which stands at an impressive nine and a half billion dollars, surpassing the amount Endeavor paid for it.
