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WWE looks like they could be headed for possibly years of litigation with Vince giving his notice today that he plans to vote himself and two former execs that are loyal to him as board members. To do this it appears he would have to fire three existing board members. In order to get no one to fight this he added the juicy part to all of this.....if they don't allow him to do this he will block any and all media rights deals in the future (and the deals are reportedly due to be renegotiated shortly.)
It's unclear if the first part actually violates any laws (you could argue Vince knows that doing this could impact the company negatively considering how his exit was forced) but I imagine having Vince back on the board will be bad PR overall but I think his added part about basically nuking the company off TV could for sure have some legal ramifications if a minority shareholder decides to make a point of it.
TLDR Vince is who we thought he was.
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Originally Posted by McSweeny
Because you know it takes sound strategy to get killed repeatedly on day one right?
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