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March 2, 2016

Three WWE Execs Trump McMahon’s 2015 Pay

Three executives of World Wrestling Entertainment received the first of two big stock awards — the 2015 installment totaling $3.1 million — to keep them on board and reward their extra duties as the Stamford-based company builds up its WWE Network.

The stock awards to George Barrios, Kevin Dunn and Michelle Wilson pushed their total compensation past that received by CEO Vince McMahon, with Dunn getting $4.8 million as executive producer and Barrios receiving $4.5 million in his role as chief financial and strategy officer.

Wilson’s $4.5 million payday as chief revenue and marketing officer bumped the company’s film division head Michael Luisi from the lineup of the top-paid WWE executives, with Luisi making $1.9 million in 2014 as president of WWE Studios.

WWE (NYSE: WWE) paid McMahon $3.3 million, a 37 percent increase from 2014, with McMahon controlling 94 percent of WWE’s class B shares that wield 10 votes on corporate matters to every one vote awarded to holders of class A shares that are traded on the New York Stock Exchange, and which are convertible to class A shares.

Paul Levesque received $3.1 million, including $1.7 million from his “Triple H” persona performing at WWE events. Levesque is executive vice president of talent, live events and creative at WWE.

WWE’s compensation committee is chaired by Frank Riddick III, CEO of FloWorks International, a Houston-based pipe and valve supplier. The largest holder of WWE’s class A stock is Lindsell Train, a fund based in London, which held 16 percent of the outstanding shares at last report.

WWE scheduled its annual meeting for April 21, 2016, at the Hilton Stamford Hotel in Stamford.

source: stamfordadvocate.com


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