WWE office employees are disgruntled, OVW call-ups?, and more
    Submitted by Mr. Tito on Wednesday, August 25, 2004 at 2:11 PM EST



    -With the WWE's quarterly financial results showing that the WWE has achieved a higher profit margin off of lower overall revenues, many in the WWE offices have become disgruntled. The WWE has achieved lower costs one way by slashing their labor costs at the WWE offices. With the cuts, those WWE employees remaining are expected to shoulder more of the workload and working longer hours, but the pay for this extra work is considered to be below the market wage the workers could get elsewhere. In fact, WWE employees at the offices have been leaving the WWE at a higher rate than they have been in the past.

    This goes against many WWE employees coming to the WWE at a lower wage anyway due to their love for wrestling. Now, they appear to be overworked due to recent revenue struggles in the WWE (it doesn't add to morale when Vince and Linda made a combined WWE salary of $12 million last year when both are company owners and millionaires).

    -The WWE has added a few Ohio Valley Wrestling (OVW) talent to a RAW houseshow or more in October, as indicated by the show's cards advertised in the areas. Simon Dean, Mark Magnus (I don't see the first two on OVwrestling.com's roster listings?), John Jeter, and Tough Enough 3's Matt Cappotelli (was going to Smackdown roster). This could either mean OVW call ups for the RAW roster or just touring for tryouts to make the roster.

    [ Credit: Dave Scherer @ PWInsider.com ]



    This is for if you want to read the WWE Quarterly results yourself...

    CLICK HERE or CLICK HERE for summaries of the recent Quarterly Results by the WWE.

    The WWE jumped $7.8 million from this time last year, thanks to increased Pay Per View guys and merchandise sales, such as home videos and video games, among other items. The new UPN distrubution deal with the WWE has seemed to increase the WWE's revenue from Smackdown as well, also helping revenues.

    Not all of the news was rosey, as the live-event revenue was down slightly, despite having higher ticket prices and 5 more live events added in comparison to last year at this time. The fiscal news of the WWE didn't help its stock, as it closed Monday down 2%.

    [ Credit: Yahoo! News ]




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