Has Anyone Been Following WWE lately??
Seems like for all the ESG stuff that these mutual funds like to tout about, they are still in it. What a terribly run company WWE is. There is no need for a company like this.
Let's stick with Blackrock for now as an example. Larry Fink, CEO of Blackrocks, said the following lines in this 2022 letter to the CEO.
In today’s globally interconnected world, a company must create value for and be valued by its full range of stakeholders in order to deliver long-term value for its shareholders.
It is capitalism, driven by mutually beneficial relationships between you and the employees, customers, suppliers, and communities your company relies on to prosper. This is the power of capitalism.Innovative companies looking to adapt to this environment have easier access to capital to realize their visions than ever before. And the relationship between a company, its employees, and society is being redefinedIt’s never been more essential for CEOs to have a consistent voice, a clear purpose, a coherent strategy, and a long-term view. Your company’s purpose is its north star in this tumultuous environment
This begs the question then how does WWE fit in with Blackrock's overall mandate, or is it pure lip service? It just takes a few seconds of googling to see hordes of past WWE employees speaking out publicly against the treatment that senior management (Vince McMahon in particular) has meted out to them during WWE, as well as the lack of adequate all-in compensation (health insurance and all). I wonder if these WWE STARS like being hit on the head continuously or subjecting their bodies to intense treatments for the sake of "pleasing" fans. I REALLY doubt it. Would you? This doesn't require a survey poll to be run. But even if they did like it initially, how come are the same super stars in the business as they were 20/30 years ago. If they had been getting paid adequately, they would have left or done something more worthwhile (Rock was the bird that escaped the nest, and was lucky to make a movie career for himself, but others have not been that lucky). You see the same punks in action: Undertaker; Shawn Michaels; Triple H; Rey Mesterio; and all that. I remember the same guys from middle school. If one was for a second think that WWE should be around, you cannot accede that they have done an outstanding job at developing and nurturing new talent. Fans come back for the same names. Other than the Rock, the other big star to come out of WWE was Hulk Hogan, and we all know how his reputation got eventually tarnished in the press due to a leaked sex tape and all that stuff. Anyway, that's on the employees front. The other MAIN issues facing WWE are: promoting racial stereotypes, domestic abuse, and sexual harassment. Just make some effort of googling past WWE stars and "now" to see what a shell of their former lives they are now. Employees of a well-run company would not have fared like this.
I suggest you all write to Blackrock, Vanguard, and Lindsell Train Ltd, and share these concerns. This is a battle that needs to be waged on the moral front. If your children and young members grow up watching this stuff, you'd raising a generation of fucked up retards. This stuff needs to GET CANCELLED on LIVE TV ASAP
PS: I have no position in WWF and neither have I ever had any.
Dolorem in saepe velit quas quod. Commodi placeat et quos alias. Quod sapiente voluptas nihil excepturi itaque quia iste magni. Cum est est expedita quia voluptatem quisquam.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...