(Bloomberg) — World Wrestling Entertainment Inc. replaced two top executives after 2019 earnings came in at the low end of estimates, a shake-up that rattled investor confidence in the pro-wrestling giant.Shares of WWE plunged as much as 14% to $53.50 in extended trading after the company announced that it’s replacing Co-Presidents George Barrios and Michelle Wilson, effective immediately.Frank Riddick, a board member for more than 11 years, has been named interim chief financial officer, WWE said Thursday. He’ll report to Chairman and Chief Executive Officer Vince McMahon.“The board and I decided a change was necessary,” McMahon said. “We have different …read more
Source:: Yahoo Finance
