WWE Owner Vince McMahon Angry And Possibly Making Changes

It hasn't been a good week for WWE Chairman Vince McMahon. The much anticipated new TV contract in the United States did not produce a dollar amount that doubled the previous agreement as McMahon had predicted. Due to that fact, Vince personally lost around $350 million in WWE stock as it plunged back down to the $11 mark after reaching $31 a few months ago to make him a billionaire. He's still got over $700 million to his name, but the loss he took last Friday drew headlines around the world, which was a big hit to his reputation. A new report from PWInsider notes that Vince feels that his management team, not including WWE CFO George Barrios, led him to believe that they would be getting more for their TV deals. There was some concern over major changes being handed down by Vince although nothing major has happened within the last week. There was some concern over major changes being handed down by Vince but we haven't heard of any departures yet. It was noted that if Vince isn't happy, things are going to happen quickly. Read more at http://www.lordsofpain.net/news/wwe/Concern_Over_Vince_Making_Changes_WWE_Workers_Joke_About_Future_of_The_Network_More.html#9WFJZbdHQKrJRegS.99 While Vince is the Chairman of the company, he pays people to deal with the financial side of WWE. He's still the head of the creative team, which means he oversees everything that takes place on screen in WWE and that's an enormous task on its own. If he feels misled by people that work for WWE then he has every right to fire them. It's his company after all. He's the one that takes the criticism when things go bad just like he deserves the praise when things go well. It was also noted that some people within WWE were actually joking last Friday that maybe these financial troubles will mean that the WWE Network goes away quickly although there's no way that will happen. We all knew going in that WWE Network was going to be a risk for WWE and with subscriber numbers lower than expected it has also hurt the stock price. They can tell people to be patient all they want, but until they produce the kind of numbers that investors expect they are going to continue to feel the heat. When McMahon was on the conference call with investors on Monday and he thought his connection went out, he uttered the word "s**t" for everybody to hear. That likely didn't please some of his investors although it was obviously an accident on his part. It's also a word that could be used to explain Raw's sagging ratings this week. Here's a tip to all WWE employees: Be on your absolute best behavior because the boss is ready to explode. That doesn't mean any wrestlers will be fired imminently. It's likely those on the business end of things that should be more worried. Then again, McMahon has always been unpredictable so everybody should be worried at least a little bit.