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March 18, 2009

Paul Levesque Listed as "Related Party" in WWE Corporate Documents

From the Definitive Proxy Statement under Certain Relationships and Related Transactions:

Shane McMahon is the son, and Stephanie McMahon Levesque and Paul Levesque are the daughter and son-in-law, of Vincent and Linda McMahon. Shane McMahon and Stephanie McMahon Levesque are executive officers of the Company whose total compensation in 2008, calculated in a manner consistent with the Total column (j) of the Summary Compensation Table, was approximately $611,419 and $609,277, respectively. Paul Levesque is a key performer for, and independent contractor of, the Company who receives talent pay and royalties, subject to a guaranteed minimum. We believe his pay is generally consistent with that of our other top stars. The employment of Shane McMahon and Stephanie McMahon Levesque predated the Company’s initial public offering in 1999 and the formation of the Audit Committee. The importance of Paul Levesque as one of the Company’s top superstars predated both the Company’s initial public offering and his marriage to Mrs. Levesque which resulted in his becoming a related party...More?

source: investor.shareholder.com


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