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<p>WWE has officially fired long-time Co-Presidents <strong>George Barrios</strong> and <strong>Michelle Wilson</strong> with immediate effect. The shock announcement was made after the stock market closed on Thursday.</p>



<p>WWE stated the following in its official press release:</p>



<blockquote class="wp-block-quote is-layout-flow wp-block-quote-is-layout-flow"><p>&#8220;WWE today announced that Co-Presidents <strong>George Barrios</strong> and <strong>Michelle Wilson</strong> will depart the company effective immediately and will no longer serve on its Board of Directors&#8221;</p></blockquote>



<p><strong>Vince McMahon </strong>made the following comment:</p>



<blockquote class="wp-block-quote is-layout-flow wp-block-quote-is-layout-flow"><p>&#8220;I would like to thank <strong>George</strong> and <strong>Michelle</strong> for their 10+ years of service and contributions to the organization. I am grateful for all that was accomplished during their tenure, but the Board and I decided a change was necessary as we have different views on how best to achieve our strategic priorities moving forward.&#8221;</p></blockquote>



<p>WWE took a major hit in the stock market following the alarming announcement. The company stock dropped over 22%, from $60.54(opening) to $47.99.</p>



<figure class="wp-block-gallery columns-1 is-cropped wp-block-gallery-1 is-layout-flex wp-block-gallery-is-layout-flex"><ul class="blocks-gallery-grid"><li class="blocks-gallery-item"><figure><img loading="lazy" decoding="async" width="1024" height="869" src="https://api.wrestlingworld.co/wp-content/uploads/2020/01/F172B654-7245-4640-B71A-9992D87E99DF-1024x869.jpeg" alt="" data-id="45385" data-full-url="https://api.wrestlingworld.co/wp-content/uploads/2020/01/F172B654-7245-4640-B71A-9992D87E99DF.jpeg" data-link="https://api.wrestlingworld.co/?attachment_id=45385" class="wp-image-45385" srcset="https://api.wrestlingworld.co/wp-content/uploads/2020/01/F172B654-7245-4640-B71A-9992D87E99DF-1024x869.jpeg 1024w, https://api.wrestlingworld.co/wp-content/uploads/2020/01/F172B654-7245-4640-B71A-9992D87E99DF-300x255.jpeg 300w, https://api.wrestlingworld.co/wp-content/uploads/2020/01/F172B654-7245-4640-B71A-9992D87E99DF-768x652.jpeg 768w, https://api.wrestlingworld.co/wp-content/uploads/2020/01/F172B654-7245-4640-B71A-9992D87E99DF-696x591.jpeg 696w, https://api.wrestlingworld.co/wp-content/uploads/2020/01/F172B654-7245-4640-B71A-9992D87E99DF-1392x1182.jpeg 1392w, https://api.wrestlingworld.co/wp-content/uploads/2020/01/F172B654-7245-4640-B71A-9992D87E99DF-1068x907.jpeg 1068w, https://api.wrestlingworld.co/wp-content/uploads/2020/01/F172B654-7245-4640-B71A-9992D87E99DF.jpeg 1404w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure></li></ul></figure>



<p>Tom Colohue reports that the management is “scrambling” backstage.</p>



<figure class="wp-block-embed-twitter wp-block-embed is-type-rich is-provider-twitter"><div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="550" data-dnt="true"><p lang="en" dir="ltr">I was able to get through to someone about Barrios and Wilson leaving the <a href="https://twitter.com/hashtag/WWE?src=hash&amp;ref_src=twsrc%5Etfw">#WWE</a>.<br><br>&quot;They&#39;re scrambling. There was no plan when it happened. We can all see the drop.&quot;<br><br>And I suspect that&#39;s all I&#39;m getting because that was very much the end of the conversation. Very busy it seems.</p>&mdash; Tom Colohue (@Colohue) <a href="https://twitter.com/Colohue/status/1223019712491216901?ref_src=twsrc%5Etfw">January 30, 2020</a></blockquote><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
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<p><strong>Frank A. Riddick III </strong>has been announced as the intern CFO as WWE continues its search for a permanent Chief Financial Officer and Chief Revenue Officer to steady the ship.</p>



<p>Brad Shepard reports that the firing was solely Mr. McMahon’s decision who didn’t consult <strong>Stephanie McMahon</strong> and <strong>Paul “Triple H” Levesque</strong> beforehand. As a matter of fact, The Game is now being encouraged to step up and a promotion for <strong>Kevin Dunn</strong> could be on the horizon.</p>



<figure class="wp-block-embed-twitter wp-block-embed is-type-rich is-provider-twitter"><div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="550" data-dnt="true"><p lang="en" dir="ltr">With the absence of Barrios and Wilson, Paul Levesque (aka Triple H) was reportedly told he may be needed to “step up,” even if he doesn’t want to. <a href="https://t.co/EkXLz9s7vr">https://t.co/EkXLz9s7vr</a></p>&mdash; Brad Shepard of ProSportsExtra.com (@TheBradShepard) <a href="https://twitter.com/TheBradShepard/status/1223019159694598145?ref_src=twsrc%5Etfw">January 30, 2020</a></blockquote><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
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<figure class="wp-block-embed-twitter wp-block-embed is-type-rich is-provider-twitter"><div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="550" data-dnt="true"><p lang="en" dir="ltr">A source in <a href="https://twitter.com/hashtag/WWE?src=hash&amp;ref_src=twsrc%5Etfw">#WWE</a> tells me that there are multiple people in the company against the idea of promoting Kevin Dunn &#8211; they’re hoping that’s not in the cards.</p>&mdash; Brad Shepard of ProSportsExtra.com (@TheBradShepard) <a href="https://twitter.com/TheBradShepard/status/1223046270283067399?ref_src=twsrc%5Etfw">January 31, 2020</a></blockquote><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
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<p>Further reports suggest that sheer disagreement over XFL could’ve been the reason behind Barrios and Wilson’s shock firing from WWE. Both ex-Executives were “talking shit” about the XFL before their “ugly departure”.</p>



<figure class="wp-block-embed-twitter wp-block-embed is-type-rich is-provider-twitter"><div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="550" data-dnt="true"><p lang="en" dir="ltr">A source in the company on the announced firings of <a href="https://twitter.com/hashtag/WWE?src=hash&amp;ref_src=twsrc%5Etfw">#WWE</a> Co-Presidents George Barrios and Michelle Wilson: This was “out of nowhere” and “people are jaw-dropping shocked at this announcement.”</p>&mdash; Brad Shepard of ProSportsExtra.com (@TheBradShepard) <a href="https://twitter.com/TheBradShepard/status/1223004435082772487?ref_src=twsrc%5Etfw">January 30, 2020</a></blockquote><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
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<figure class="wp-block-embed-twitter wp-block-embed is-type-rich is-provider-twitter"><div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="550" data-dnt="true"><p lang="en" dir="ltr">A source in <a href="https://twitter.com/hashtag/WWE?src=hash&amp;ref_src=twsrc%5Etfw">#WWE</a> told me that it’s believed the justification used for the firings was the newest quarterly report, which is “fucking terrible.” <a href="https://t.co/vbp1qoX3L2">https://t.co/vbp1qoX3L2</a></p>&mdash; Brad Shepard of ProSportsExtra.com (@TheBradShepard) <a href="https://twitter.com/TheBradShepard/status/1223017033769668609?ref_src=twsrc%5Etfw">January 30, 2020</a></blockquote><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
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<p>The co-Presidents’ sudden exit could cost WWE in a big way as big investors are considering pulling out.</p>



<figure class="wp-block-embed-twitter wp-block-embed is-type-rich is-provider-twitter"><div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="550" data-dnt="true"><p lang="en" dir="ltr">A source in <a href="https://twitter.com/hashtag/WWE?src=hash&amp;ref_src=twsrc%5Etfw">#WWE</a>: Big investors are considering pulling out. <a href="https://t.co/vbp1qoX3L2">https://t.co/vbp1qoX3L2</a></p>&mdash; Brad Shepard of ProSportsExtra.com (@TheBradShepard) <a href="https://twitter.com/TheBradShepard/status/1223035671067222017?ref_src=twsrc%5Etfw">January 31, 2020</a></blockquote><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
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<p>Meanwhile, <strong>CM Punk</strong> has hilariously claimed that he would like to apply for the vacant position in the company. The former WWE Champion wants to interview for the role of CFO.</p>



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<blockquote class="twitter-tweet" data-width="550" data-dnt="true"><p lang="en" dir="ltr">How do I interview? <a href="https://t.co/PPzvRyfkyM">https://t.co/PPzvRyfkyM</a></p>&mdash; player/coach (@CMPunk) <a href="https://twitter.com/CMPunk/status/1223003278365134850?ref_src=twsrc%5Etfw">January 30, 2020</a></blockquote><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
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WWE Fires Co-Presidents George Barrios And Michelle Wilson, Stock Price Plummets

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