UPDATE: Dave Meltzer reports that Vince is not behind Stephanie’s “leave of absence.”
The story on F4WOline.com states, “Despite a Business Insider report over the weekend that alluded to Vince McMahon driving Stephanie McMahon out of WWE, that is not the case according to our Dave Meltzer.
Meltzer confirmed Monday that she indeed took a leave of absence on her own.”
ORIGINAL: Business Insider’s Claire Atkinson has a story up on the major changes that have been happening in WWE.
The story notes that Stephanie McMahon’s leave of absence was initiated by her father Vince McMahon. The exact quote reads: “executed by her father, Vince McMahon, the organization’s 76-year-old CEO.”
Stephanie handled marketing and creative services along with community outreach. Catherine Newman was brought on to handle Stephanie’s responsibilities including Marketing, Brand, Community Relations, Entertainment Relations, Creative Services, and other things that Stephanie was handling.
The story notes that while the company was hoping for “hundreds of millions of dollars” in growth for sponsorship and marketing, that just wasn’t happening under Stephanie McMahon.
A company source was quoted in the article. “We weren’t seeing that growth,” the source said. “When someone is moved out of a company, it’s usually the result of something not working. We took stronger control of that a few months ago.”
https://twitter.com/wrestlingnewsco/status/1533878335775850497
