WWE Fired Presidents After Disagreeing With Offering Inflated Superstar Contracts

WWE axed their Co-Vice Presidents and the company stock plummeted after that. They had a different view for the company that conflicted with Vince McMahon’s.

The Wrestling Observer Newsletter reports that a full explanation has yet to be given. There is word that Michelle Wilson and George Barrios had issues with how Vince McMahon was buying up all the talent WWE could.

Within the company it was said that they were against the idea of signing up talent that wasn’t being used and the much higher talent expenses to keep anyone and everyone from leaving, which lowered the profit margin that Wall Street was expecting from the big TV windfall

The stock price fell because the profit margins weren’t there. Then Wilson and Barrios were eventually let go. Vince McMahon has a much different long-term view for WWE which includes them laying claim to every pro wrestler they can.

Vince McMahon also doesn’t want his Superstars to leave the company. “McMahon’s feeling in hindsight was always that WCW nearly beat him with his own creations” and he doesn’t want that to come close to happening again.