Shane McMahon

NEW YORK (Hollywood Reporter) - World Wrestling Entertainment said Friday that executive vice president of global media Shane McMahon, the son of chairman and CEO Vince McMahon, has tendered his resignation from the family business, effective January 1. "It has been an incredible experience to help build WWE into a global phenomenon," the 40-year-old McMahon said. "However, having been associated with this organization for the majority of my life, I feel this is the opportune time in my career to pursue outside ventures." His mother, Linda, recently gave up the CEO post to run for a U.S. Senate seat in Connecticut. "Even though I ... Read Full Story

The following has been posted on wwe.com: It is with great sadness that I announce my resignation from the WWE effective January 1, 2010. I have never even considered a future outside the walls of the WWE. 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. First and foremost, I would like to thank my father for the incredible education working with him has provided and for giving me the opportunity to play a role in building WWE into the global phenomenon that it is today. ... Read Full Story

Jerry Jarrett said in a "Torch Talk" years ago that he remembers a time where he had dinner with the entire McMahon family when Shane and Steph were teenagers. A comment was made about Shane taking over the family business some day and Stephanie interjecting, with a sense of entitlement and determination, that she, not Shane, would run WWE some day. I've heard similar stories over the years from others. In other words, even when they were teenagers, Stephanie had her eye on running WWE some day. Shane, the less dominant personality, has always known he'd have competition for being the "next McMahon" to ... Read Full Story

No website has any definitive news on why Shane McMahon resigned from his family's company, WWE, on Friday. Perhaps more news sites will elaborate on this matter come Monday as Friday is always the best day to drop big news as sometimes it gets somewhat lost on the weekend. Nonetheless no one knows why Shane seemingly abruptly decided to leave the family business and I don't feel that any one will know the reason until he declares what his next venture will be...I have always found it amazing when fans cannot understand when someone who is seemingly entrenched in the wrestling business decides to ... Read Full Story

The following has been posted on the WWE corporate website: Shane McMahon, Executive Vice President of Global Media, announced today he has tendered his resignation effective January 1, 2010. Shane stated, “It has been an incredible experience to help build WWE® into a global phenomenon. However, having been associated with this organization for the majority of my life, I feel this is the opportune time in my career to pursue outside ventures.” “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 ... Read Full Story