WWE Stock Tumbles After Co-Presidents Fired - More Reaction To Departures

All the fallout from George Barrios and Michelle Wilson's WWE departures.

by Andy H Murray
Vince McMahon WWE Stock
WWE

Last night was a busy one for pro-wrestling media, with all kinds of fallout filtering through in the wake of Michelle Wilson and George Barrios' unforeseen WWE departures.

The company's stock price took an immediate hit. This information is freely available to anyone, though Dave Meltzer was one of the first to bring it to light:-

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Per the New York Stock Exchange, WWE's share value sits at $47.95 at the time of writing. It closed at $60.95/share at the end of the previous day. A predictable sign of investor uncertainty, here, as Wilson and Barrios were two of WWE's most important executives.

CM Punk, to the surprise of absolutely nobody, poked fun at WWE following the announcement:-

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Elsewhere, former WWE Digital Producer Zach Linder chimed in with an amusing Barrios story:-

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Barrios and Wilson will be fine. Per Wrestlenomics Radio, the duo are expected to pocket somewhere in the region of $8 million each in compensation for their dismissals.

WWE's official release stated that the duo were let go as they disagreed with Vince McMahon on "how best to achieve our strategic priorities moving forward." That they are being made scapegoats ahead of what is expected to be a disappointing set of WWE financial reports (due next week) has been speculated, so hopefully the coming days will shed more light on that.

Channel Manager
Channel Manager

Andy has been with WhatCulture for eight years and is currently WhatCulture's Wrestling Channel Manager. A writer, presenter, and editor with 10+ years of experience in online media, he has been a sponge for all wrestling knowledge since playing an old Royal Rumble 1992 VHS to ruin in his childhood. Having previously worked for Bleacher Report, Andy specialises in short and long-form writing, video presenting, voiceover acting, and editing, all characterised by expert wrestling knowledge and commentary. Andy is as much a fan of 1985 Jim Crockett Promotions as he is present-day AEW and WWE - just don't make him choose between the two.