The first thing I did this morning after reading on wwe.com that Shane McMahon had resigned from WWE was check my calendar to make sure it wasn’t April 1.
As surreal as it sounds, McMahon really is leaving the company that has been in his family for more than five decades. McMahon’s resignation from his position as executive vice president of global media takes effect January 1, 2010.
“I have never even considered a future outside the walls of the WWE,” McMahon, 39, said in a statement on wwe.com. “However, sometimes life takes an unexpected turn, and while it is the most difficult decision I have ever made, it is time for me to move on. … This is the opportune time in my career to pursue outside ventures.”
His father, WWE chairman and CEO Vince McMahon also issued a statement on the Web site: “Even though I am personally saddened by Shane’s decision to leave the company, I am proud of the enormous contributions he has made. He will unquestionably bring passion, commitment and extensive business experience to any endeavor he pursues.”
Obviously, there is a lot more to this story, and I’m sure it won’t be long before information starts leaking out in regard to the specific reasons for McMahon’s departure.
In the ’90s and early part of this decade, it was assumed by most that it was Shane’s birthright to one day be Vince’s successor. However, after Shane’s sister, Stephanie, became the head of creative, the perception was that she wielded more power than her brother and he no longer was a sure thing as the heir apparent. The popular opinion over the past few years has been that either Stephanie or her husband, Triple H, would eventually replace Vince. Shane was no longer even in the discussion.
Perhaps Shane is looking for a new challenge, something he can build and call his own. If he has learned anything from his father it’s the philosophy of nothing ventured, nothing gained.
Shane is the second McMahon to leave WWE in the past month. On Sept. 16, his mother, Linda, resigned as CEO to run for Senate in Connecticut. (Credit: Baltimore Sun)
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