WWE employees didn't get raises, but they were given stock awards.
Brandon Thurston of Wrestlenomics reports WWE employees received a stock award valued at $3,000. Thurston clarifies that not everyone received the stock award, but a large number did. The stock units vest next month.
Fightful Select reported on February 12 there was a major meeting in WWE where they were told by the company that they wouldn't be provided promotions, raises or bonuses. The meeting was for employees and not talent or wrestlers and several employees were upset.
WWE employees have been given a stock award valued at $3,000, according multiple sources in the company. Not every employee received the award but a large number. The stock units vest next month.— Brandon Thurston (@BrandonThurston) February 18, 2021
Employees learned on Friday that salary raises and promotions were put on hold.
WWE reported record earnings for the year 2020, including revenue of $974.2 million.
In related WWE stock news, President Nick Khan acquired 10,464 shares according to an SEC filing. You can view the filing by clicking here.