Eric Bischoff does not think Vince McMahon is selling WWE. Speculation is rife that the company is preparing to be sold off.
With the WWE releasing several talents in the last couple of months, many have begun wondering if all this is being done with an intention to prepare for a sell. Hall of Famer Eric Bischoff however, does not share the same thought. He believes this is Vince McMahon fullfilling his duties as the chairman of a publicly traded company.
Easy E discussed the recent WWE releases on his After 83 Weeks show. The former WCW Head explained why he did not see WWE’s recent actions as a precursor to the company looking to put itself up for sale on the market by making themselves look more profitable than they are.
Eric Bischoff does not think Vince McMahon is selling WWE
“If you’re a publicly held company and you’re an officer of the company. And you’re the chairman of that company. Guess what your number 1 job is when you get up every single morning? To make money for your shareholders. That is called a fiduciary responsibility. That’s Vince’s job – to make money for his shareholders.
“And guess what? If it looks like he’s not paying attention to details, if it looks [like] he doesn’t have the best interest of his investors in mind. If it looks like he has a bloated talent budget and it makes no sense to have 300 people under contract where in the last six weeks you’ve only used 78 of them. Maybe somebody said, ‘Hey, Vince, I think we better take a (sic) lot at our roster because it doesn’t look like we’re managing it very well.'”
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