Vince McMahon has achieved 'substantial alignment' with the WWE board (read: dissenters have been ousted), so stockholder approval is no longer required. WWE VinceMcMahon
\nWhen Vince McMahon forced his way back into power at WWE, his rationale was that the company required his leadership to make the best decisions on behalf of stockholders in initiating a strategic review process ahead of the renegotiation of the company's media rights deals, set to take place in the Fall.
, executed and delivered a written consent taking certain actions by consent without a meeting in accordance with Section 228 of the General Corporation Law of the State of Delaware resulting in, among other things, the election of Mr. McMahon to the Board of Directors of the Company and certain amendments to the Company's bylaws that Mr. McMahon indicated were intended to ensure that the Company's corporate governance continued to properly enable and support stockholder rights.
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