Stamfordadvocate.com is reporting that since Linda McMahon’s first run for U.S. Senate back in 2010, WWE stock has “plunged from $18.64 to $7.86 per share” hurting the McMahon’s who own “46 million of the wrestling empire’s 75 million shares on a fully diluted basis.”
Peter Schiff seemed to indite the McMahon family over the loss.
“To me, it’s indicative that maybe the McMahons care more about winning this Senate seat than their shareholders.”
Linda McMahon’s camp responded with the following.
“Linda no longer works for WWE. If you want to talk about the company, you should call them.”