Breaking: Vince McMahon plans to return to WWE to pursue a sale of the company, people familiar with the matter say. He retired in July amid a sexual-misconduct scandal.
Vince McMahon, the majority owner and former chief executive of World Wrestling Entertainment Inc., plans to return to the company followingamid a sexual-harassment scandal to pursue a sale of the business, according to people familiar with the matter.
Mr. McMahon, who has majority voting power through his ownership of WWE’s Class-B stock, has told the company that he is electing himself and two former co-presidents and directors, Michelle Wilson and George Barrios, to the board, the people said. The move to reinstate Mr. McMahon, which the board previously rebuffed, and the others will require three current directors to vacate their positions.
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