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it owns that less than a year ago WWE stans all had to take the position that NXT 1.0 and HHH were actually bad booking and that NXT 2.0 is better
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Jul 25, 2022 14:41
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that khan guy is a little twep who sucks and seemed like he was really doing something but it was all fake. and so is the wwe co-ceo!
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Jul 25, 2022 14:42
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here sweats the moneyyyyyy 
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Jul 25, 2022 14:42
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Hedgehog Pie posted:NXT Svalbard back on. Bad news for the New Vicious Viking Raiders
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Jul 25, 2022 14:42
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Stock going up. Sell imminent.
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Jul 25, 2022 14:44
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xbilkis posted:Triple H consolidating more and more power, finally enjoying the fruits of his long-term corporate maneuvering even after it appeared all hope was lost, until the story on Vince breaks and the company decides it's a liability to have the husband of the woman who led a "Thank you Vince" chant in July 2022 as a top executive Every McMahon is forced out of the company so Trips and Khan can just run it together. Dudes rock.
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Jul 25, 2022 14:44
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bladeworksmaster posted:Self quoting because someone in my Discord servers did it. Can't wait for NXT Greece
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Jul 25, 2022 14:48
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Ricochet finally having a good day at work.
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Jul 25, 2022 14:52
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I guess Fightful posted an article on it, but the only real notable thing they added to it was that USA Network/NBCU in particular is incredibly excited about the change in creative direction. And I imagine FOX probably is happy as well, considering they originally brokered the Smackdown TV deal with Stephanie, Triple H, and Nick.
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Jul 25, 2022 14:52
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Lol at the idea that NBC handed WWF a billion dollars and has just kind of watched on for the past several years rubbing their temples and going "Jesus christ this is the product we paid for"
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Jul 25, 2022 14:54
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https://twitter.com/BrandonThurston/status/1551564692660920323 Whoospie daisy
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Jul 25, 2022 14:56
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If he hadn't resigned, I imagine stockholders would have revolted and found a way to toss him out, humiliating him.
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Jul 25, 2022 14:56
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DarkstarIV posted:If he hadn't resigned, I imagine stockholders would have revolted and found a way to toss him out, humiliating him. I thought there was very specifically no such way
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Jul 25, 2022 14:57
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It also notes WWE “has also received, and may receive in the future, regulatory, investigative and enforcement inquiries, subpoenas, or demands arising from, related to, or in connection with these matters.” LOL
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Jul 25, 2022 14:59
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projecthalaxy posted:I thought there was very specifically no such way In theory, yes. But as MRT mentioned, the SEC would likely get involved at that point. One of the biggest ways to get the SEC on your rear end is to gently caress with other (rich) people's money. If an actual criminal investigation opens up, Vince might actually be spooked enough to offload all of his stock to someone like Stephanie.
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Jul 25, 2022 15:03
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DarkstarIV posted:I guess Fightful posted an article on it, but the only real notable thing they added to it was that USA Network/NBCU in particular is incredibly excited about the change in creative direction. Lol so literally everybody knew Vince was completely cooked and a massive liability and just let it ride until now.
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Jul 25, 2022 15:04
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projecthalaxy posted:I thought there was very specifically no such way What Vince did was a violation of his employment contract with WWE and would be grounds for board termination which would have led to a wild showdown if it got that far.
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Jul 25, 2022 15:06
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Just slipping it in that SEC filing that the hush money payments with company money were real lol edit: but hey look over here! HHH! *jangling keys*
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Jul 25, 2022 15:08
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lmao
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Jul 25, 2022 15:12
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Ladies and Gentlemen....we got em
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Jul 25, 2022 15:16
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https://twitter.com/Variety/status/1551570518263857154 Variety picked it up and noted this: quote:(including amounts paid and payable in the future) Deferring money like it's a baseball contract. Laffo quote:“the company expects to conclude that its internal control over financial reporting was not effective as a result of one or more material weaknesses.” MassRafTer fucked around with this message at 15:20 on Jul 25, 2022 |
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Jul 25, 2022 15:18
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so this is the big monday news that forced Vince out?
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Jul 25, 2022 15:18
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RealityWarCriminal posted:so this is the big monday news that forced Vince out? This seems likely, unless something else even more terrible comes out. ...Which I can't honestly rule out at this point! 
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Jul 25, 2022 15:20
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A billionaire taken down for using company funds for his hush money payments instead of selling some shares and using those proceeds
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Jul 25, 2022 15:22
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Being a literal rapist: fine Paying off your victims with company money and not properly accounting for it so the stock price is artificially inflated by a couple bucks: death penalty
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Jul 25, 2022 15:25
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Jul 25, 2022 15:26
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Sigma posted:A billionaire taken down for using company funds for his hush money payments instead of selling some shares and using those proceeds he would have to notify the SEC of a stock sale. which isnt that uncommon, Steph sold a bunch last year, but still.
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Jul 25, 2022 15:29
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RealityWarCriminal posted:so this is the big monday news that forced Vince out? Personal opinion: This is something Vince could sweep under the rug if he was still in charge. So no, I think there's something bigger happening.
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Jul 25, 2022 15:30
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RealityWarCriminal posted:he would have to notify the SEC of a stock sale. which isnt that uncommon, Steph sold a bunch last year, but still. He sold a bunch to finance the XFL.
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Jul 25, 2022 15:35
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I tell you what, it is adorable that some people think that the company will get SEC fines or an investigation. I’ve come across a few already and most of them are European
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Jul 25, 2022 15:35
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I love how excited people who have to watch WWE for their job are. Even an incremental improvement is gonna be meaningful for these poor souls.
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Jul 25, 2022 15:36
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Is there an undercurrent implication that WWE may have been cooking the books or am I grossly misreading the situation?
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Jul 25, 2022 15:41
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Surely the investors will be pissed about this one and the stock price will tumble!  Literally the highest stock price sinc 3 years ago. https://www.youtube.com/watch?v=a3_PPdjD6mg
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Jul 25, 2022 15:45
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Since they’re a public company they have government required quarterly filings where they have to disclose income and expenses. These statements allow investors to make informed decisions on the value of the stock. Not being truthful would be some sort of fraud against investors If WWE was still a private company Vince and company could do whatever they wanted to account for these expenses and it wouldn’t have mattered
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Jul 25, 2022 15:46
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Yeah, company executives can't just open their Robin Hood app and sell some stock. They have to notify the SEC ahead of time with how much and when they intend to sell.Lid posted:Is there an undercurrent implication that WWE may have been cooking the books or am I grossly misreading the situation?
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Jul 25, 2022 15:47
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Astro7x posted:Surely the investors will be pissed about this one and the stock price will tumble! Maybe the stock buying people DO know that Vince is actually poo poo. EDIT: No, it's just because they think it's now more likely the company will get sold.
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Jul 25, 2022 15:48
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Lid posted:Is there an undercurrent implication that WWE may have been cooking the books or am I grossly misreading the situation? They basically saying that their books are wrong and there wasn't proper oversight but it's not really a big deal because these payouts would seem minor in the grand scheme of things if they were reported as they happened. Which isn't true because half of those payments went to one person so it wasn't all spread out! El Generico posted:Maybe the stock buying people DO know that Vince is actually poo poo. They think there is going to be a sale. And there might have to be if the investigation goes much further or Vince gets indicted. Probably not good if the biggest shareholder is on trial!
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Jul 25, 2022 15:49
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Emf gonna be eating good tonight
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Jul 25, 2022 15:52
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I can't believe I get to see Vince die in prison. I hope Bret is thrilled.
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Jul 25, 2022 15:54
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Suplex Liberace posted:Emf gonna be eating good tonight wait I thought he was betting on the price falling
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Jul 25, 2022 15:55
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