WWE Fires Co-Presidents, Stock Immediately Drops

WWE saw a major drop in their stock prices yesterday after the surprise news of the termination of the company's co-presidents.

Yesterday, World Wrestling Entertainment announced the terminations of co-presidents Michelle Wilson and George Barrios, citing a disagreement between the pair and Vince McMahon on how to move the company forward. According to WhatCulture, both are expected to receive $8 million each in severance packages.

Some believe the pair are catching the blame for the company's poor financial returns, which are expected to be released next week.

In response to the termination announcement, the WWE stocks saw a quick, nearly 20% drop, going from a closing value of $60.95 the previous day to $47.95 after the press release.