With Vince McMahon exiting the WWE organisation, a redistribution of roles and responsibilities was required.
Daughter Stephanie McMahon and Nick Khan have been promoted to co-CEO status whilst Triple H has taken over as the Head of Creative.
Frank A Riddick III, the company’s Chief Finance Officer, has also taken on the role as the company’s President.
With additional roles and responsibilities come a review of the pay packet, and the WWE has acknowledged this.
Revealing the revised salaries for those at the head of the organisation in their latest filings with the U.S Securities and Exchange Commission, as per Ringside News, the new salaries look like this:
• Triple H $900,000 up from $730,000.
• Stephanie McMahon $1.35m up from $730,000
• Nick Khan $1.35m a raise from $1.2m previously.
• Frank A. Riddick III $950,000 a raise of $100,000.
In addition to those salaries, Triple H and Stephanie McMahon have on screen performer payments of $1m and $750,000 respectively.
All four also receive equity grants in the amounts of $3.6m each for Khan and McMahon, $2.4m for Riddick and $1.6m for Triple H.
The final tallies thus read:
• Stephanie McMahon – $5.7 million
• Nick Kahn – $4.95 million
• Triple H – $3.5 million
• Frank A Riddick III – $2.55 million
Good work if you can get it, but as the figureheads and key players at the top of the biggest company in sports entertainment, those are the kinds of packages that are required.
The hole left behind by the departure of Vince McMahon is a significant one, and the expectations on the remaining team are high. The initial signs, however, are promising as Triple H attempts to put his own stamp on the creative direction of the WWE.
The reintroduction of WWE into the UK and Europe is a path that the NFL have undertaken successfully and could also prove fruitful for the WWE in the coming years.
If it does go as planned, you can expect the executive team to have those finance packages looked at again.
