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wwe stock falling in value = 10% of employees to be released

Mortician
Crew

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Posted: Fri Jan 09, 2009 5:06 pm

Quote:

Source: PWinsider.com

WWE's stock fell to $10.51 at the closing bell today following the company's official announcement that they were laying off 10% of their employees today.

The stock began trading today at the price of $11.01 and reached a high of $11.14. The lowest price of the day was $10.49.

Posted: Fri Jan 09, 2009 5:35 pm

Here's my prediction on what's going to heppen this year:

They're going to drop the ECW brand and split the talent between Raw and SmackDown, then do a HUUGE clean-up. Probably re-negotiate some contracts as we know some are paid around a million per year there. It's going to shock some of these guys and they'll quit.

Yep, I'm that optimist about WWE's future.

[M]a.r.t.s

Dangerous Genius

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Lumina Cross

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Posted: Fri Jan 09, 2009 5:59 pm

What about WWE's other show?

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