WWE makes a lot of money on television deals, and has done so for quite a while. Jim Ross was in WWE for a long time until his departure from the company in 2019. Apart from being the Voice of WWE, Good Ol’ JR was one of the top executives within the company for a spell as head of talent relations.
During the Grilling JR podcast, Ross recalled the company’s move from USA Network to TNN in 2000. Ross said that the profits that came out of that deal were massive and Vince McMahon made sure that he wasn’t the only one enjoying them.
The WWE Hall of Famer said that the profits were shared by all the top executives in the company at the time. He said that McMahon took great care of them with the company stock.
He went on to say that the stock kept increasing and thanks to Vince McMahon, he made enough money that he was financially set for life.
It was major, major money, big time. And we all shared in those profits. You know the executive guys like myself and Kevin Dunn for example, among others. You know, Vince took good care of us with stock. We got great stock, options and grants.
Quite frankly Conrad? During that time I really kind of set my portfolio up to take care of me for the rest of my life. Cause the stock kept increasing. Vince [McMahon] took care of us.
JR then went on to say that he ignored all the negative buzz that the media made about Vince McMahon. He said that McMahon solidified his financial future with the stock money and the better the product did, the better the pay was for all of them.
So, when all the negative stories about him during that period of time? I ignored them. He [Vince] solidified my financial future over those last few years there, with the stock issues and things of that nature. So, the better we did? The more we got paid, which is a great way to look at it.
Vince McMahon’s name is usually dripped in one controversy or another. Click here for an unbelievable list of 15 true legends about WWE’s owner. One mustn’t forget that the Chairman of WWE can go to bat for those who are close to him.
Thank you to SEScoops for the quotes.