Sports

McMahon Forces WWE Executives to Tap Out After Earnings Slip

‘Change was necessary,’ Chairman and CEO Vince McMahon says
Co-Presidents George Barrios and Michelle Wilson are let go

Vince McMahonPhotographer: Michael N. Todaro/Getty Images

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By Kamaron Leach and Christopher Palmeri

January 30, 2020 at 9:49 PM UTC

Updated on

January 31, 2020 at 1:04 AM UTC

This article is for subscribers only.

World Wrestling Entertainment Inc. ousted two of its top executives after 2019 earnings came in at the low end of estimates, a shake-up that has rattled investor confidence in the pro-wrestling giant.

Shares of WWE plunged as much as 24% to $47.50 in extended trading after the company announced the departure of Co-Presidents George Barrios and Michelle Wilson, effective immediately. The stock hasn’t traded that low since May 2018.