The void of Vince McMahon in the WWE is being jointly fulfilled by his daughter Stephanie McMahon and the earlier president of the company, Nick Khan. Additionally, Triple H received creative control in the company who’s now become the Chief Content Officer. Overall, the reception toward the new team has been very positive.
It appears that both Triple H and Stephanie McMahon alongside other executives received a huge increase in their salaries, according to the new SEC filing made by the company. The filing also showed that Frank A. Riddick III got promoted to the role of WWE president replacing Khan. Riddick will still continue with his duties as the Chief Finance Officer, however.
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The SEC filing has listed the salary changes for the top WWE executives, Stephanie McMahon, Triple H, Nick Khan, and Riddick. It was also noted that the salary hike was implemented after WWE’s Compensation & Human Capital Committee deemed it appropriate.
Stephanie McMahon’s base annual salary of $730,000 was literally doubled to $1.35 million. She will also get payments of $750,000 as per her booking agreement since she is still considered an on-air talent. Per this deal, WWE creative team could utilize her in storylines if and when requires.
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Triple H’s base annual salary was also jumped to $900,000 from $730,000, along with the guaranteed $1.0 million in payments as per his on-air talent deal. However, it should be noted that he is no more allowed to perform in competition after having troubles with his heart, a year ago.
Nick Khan’s annual base salary of $1.2 million increased to $1.35 million while Riddick’s annual base salary also got increased from $850,000 to $950,000. Sizeable equity will be offered to both of these two names that can fluctuate based on performance metrics and vesting periods. Also, both Khan and Stephanie McMahon will receive $3.575 million in grants, while Riddick and Triple H will receive $.2.4 million and $1.6 million, respectively via this grant.
The earlier head honcho, Vince McMahon stepped away from his position as the creative head of the WWE in July after sending out an internal memo where he communicated his decision and named Stephanie McMahon and Nick Khan as co-CEOs to usher in a new era.
