The Greenwich Time reported today that Vince and Linda McMahon are down $500 million due to the drop of the company’s stock price.
The stock price was $18.64 a share in 2010. At the current $7.86 a share, the value of their 46 million shares has dropped to a little over $360 million, down from almost $860 million.
Critics feel that the McMahons care more about winning a Senate seat than they do about their shareholders with Linda giving up her position as WWE CEO to run for US Senate and stock prices dropping since leaving her former position. WWE are pinning the blame towards the bad stock year on WWE Studios.
Read the article here: http://www.greenwichtime.com/news/article/Freefall-of-WWE-stock-costs-McMahons-500M-3742259.php