The King's Throne
Start a New Topic 
Author
Comment
The Levesques and The McMahons

Discuss the 1st and 2nd families of wrestling!

Paul Levesque's standing in the WWE

Triple H's importance to the structure and integrity of the WWE predated his relationship to Stephanie McMahon-Levesque and this fact has been acknowledged in their 2006 Transition Report:

As provided in its Charter, the Audit Committee is responsible for reviewing and approving related party transactions, which the Company defines as those required to be disclosed by applicable SEC regulations. While no written policies exist, the Audit Committee believes it will apply a standard of reasonable business practices to any such related party transactions. The employment of Shane McMahon and Stephanie Levesque predated the Company’s initial public offering in 1999 and the formation of the Audit Committee. The importance of Paul Levesque as one of the Company’s top superstars predated both the Company’s initial public offering and his marriage to Stephanie Levesque which resulted in his becoming a related party. The Audit Committee does not review the retention of these individuals each year nor does it approve the individuals’ level of compensation. Instead, as to levels of Compensation, the Audit Committee relies on the approval procedures of the Compensation Committee, in the case of Shane McMahon and Stephanie Levesque (who are employees of the Company). In the case of Paul Levesque (who is an independent contractor of the Company), his pay is set by a multi-year agreement that was last negotiated by the Company’s Chairman and Talent Relations Department prior to Transition 2006. The Audit Committee believes that this oversight of employee and talent pay by the Compensation Committee and the Chairman/Talent Relations Department, respectively, is consistent with relevant expertise and good business practice.

source: corporate.wwe.com

eXTReMe Tracker