WWE Fires Its Co-Presidents, Shares Tumble

WWE (NYSE: WWE) has made an effort in recent years to promote the fact that co-presidents George Barrios and Michelle Wilson had key operational roles in the company. Doing that was a clear effort to show shareholders that CEO Vince McMahon was not the only executive making decisions.

Shockingly, and without any warning, both Barrios and Wilson are departing the company. That has (and should have) unnerved investors, sending shares of the company tumbling. The departures are especially notable given that McMahon has been splitting his time between WWE and his about-to-launch XFL football league.

WWE has parted ways with its co-presidents. Image source: Getty Images.

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Source Fool.com