Will Trump Body-Slam 2024 Election? New Transition Team Co-Chair Led WWE For Decades
Portfolio Pulse from Chris Katje
Linda McMahon, former WWE President and CEO, has been named co-chair of Donald Trump's 2024 Transition Team. McMahon, who has a long history with WWE and Trump, will work alongside Howard Lutnick, CEO of Cantor Fitzgerald. WWE, now a unit of TKO Group Holdings Inc (NYSE:TKO), has seen the McMahon family's influence wane, with Vince McMahon stepping down from leadership roles amid scandals.
August 16, 2024 | 5:17 pm
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Linda McMahon, former WWE President and CEO, has been named co-chair of Donald Trump's 2024 Transition Team. WWE, now a unit of TKO Group Holdings Inc (NYSE:TKO), has seen the McMahon family's influence wane, with Vince McMahon stepping down from leadership roles amid scandals.
The news highlights Linda McMahon's new political role and her past with WWE, now part of TKO Group Holdings. While this may not directly impact TKO's stock price, it underscores the McMahon family's reduced influence in the company, which could be seen as a neutral factor.
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