Jan 9, 2011 - by Steve Gerweck
- WWE is criticized in a new report on SeekingAlpha.com for paying dividends exceeding its net income for the past few years. The financial website called for Vince McMahon to “demonstrate financial sanity” in a soft economy which they think will encourage more people to invest in WWE stock in the future.
– WWE Producer Kevin Dunn and WWE COO Michelle Goldsmith were among several major executives cashing in stock options at the end of the year. Dunn sold 18,000 shares for $258,300 on 12/29 with stock remaining
valued at $1.7 million. Goldsmith sold 28,000 shares for $397,600 on 12/30 with stock remaining valued at $1.4 million. Vince McMahon also sold nearly 3 million shares from his trust fund which he set up for his family in 2008 which equates to just over $40 million–or enough to fund a Senate campaign. The remaining worth of his trust after the sale goes through will be around $145 million. Those shares are separate from his own personal stock. (credit: The Wrestling Globe Newsletter)
– From Docta D: