Where Is the WWE Without Hulk Hogan?

By Douglas A. McIntyre Updated Jan 13, 11:51AM EST · Published Mar 17, 7:17AM EDT

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Where Is the WWE Without Hulk Hogan? — © Thinkstock

Hulk Hogan was one of the biggest stars, if not the biggest, among the stable of wrestlers the World Wrestling Entertainment Inc. (NYSE: WWE) has had over its decades as the top organization in its industry.

Where has the company gone recently, in terms of Wall Street’s perception? Not much of anywhere, with a share price that has dropped 43% in the past two years. The WWE cut its relationship with Hogan on July 24, 2015, after he made a remark that was appropriately deemed racist. In the process, the WWE lost the most important individual in its history.

In its best days, from 2006 to 2010, the WWE had net income that averaged $50 million. That dropped to a $30 million loss in 2014 and a profit of $24 million in 2015.
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The person who has been hurt the most by the “post-Hogan” period at the WWE is CEO Vince McMahon. He owns 94.2% of the Class B shares, according to the most recent proxy. With its shares down to $18 from $30 two years ago, maybe the WWE can get Hogan and McMahon together again.

About the Author Douglas A. McIntyre →

Douglas A. McIntyre is the co-founder, chief executive officer and editor in chief of 24/7 Wall St. and 24/7 Tempo. He has held these jobs since 2006.

McIntyre has written thousands of articles for 24/7 Wall St. He is an expert on corporate finance, the automotive industry, media companies and international finance. He has edited articles on national demographics, sports, personal income and travel.

His work has been quoted or mentioned in The New York Times, The Wall Street Journal, Los Angeles Times, The Washington Post, NBC News, Time, The New Yorker, HuffPost USA Today, Business Insider, Yahoo, AOL, MarketWatch, The Atlantic, Bloomberg, New York Post, Chicago Tribune, Forbes, The Guardian and many other major publications. McIntyre has been a guest on CNBC, the BBC and television and radio stations across the country.

A magna cum laude graduate of Harvard College, McIntyre also was president of The Harvard Advocate. Founded in 1866, the Advocate is the oldest college publication in the United States.

TheStreet.com, Comps.com and Edgar Online are some of the public companies for which McIntyre served on the board of directors. He was a Vicinity Corporation board member when the company was sold to Microsoft in 2002. He served on the audit committees of some of these companies.

McIntyre has been the CEO of FutureSource, a provider of trading terminals and news to commodities and futures traders. He was president of Switchboard, the online phone directory company. He served as chairman and CEO of On2 Technologies, the video compression company that provided video compression software for Adobe’s Flash. Google bought On2 in 2009.