For the past few months, WWE has been releasing quite a few Superstars from all brands. This also included several members of staff including backstage personnel and others. Since then, fans have been worried if more talents will be fired by the company once again.
As reported earlier, WWE has released several officer workers recently. This included Stan Stanski, who was WWE’s Senior Vice President of Creative Services. Due to this employees believed that no one was safe from getting released in WWE.
Kristina Salen previously stepped down from her role as WWE’s Chief Financial Officer one day after the company’s quarterly earnings call. Frank A. Riddick III took over her role as well.
WWE officially announced in a corporate disclosure that former Chief Financial Officer Kristina Salen entered a separation agreement and she will receive a continuation of her base salary for 12 months.
‘On November 23, 2021, World Wrestling Entertainment, Inc. (the “Company”) entered into a separation agreement with Kristina Salen, formerly the Company’s Chief Financial Officer, in connection with her previously announced departure from the Company (the “Separation Agreement”).
Under the terms of the Separation Agreement, Ms. Salen will receive a continuation of base salary and health insurance coverage for a period of twelve months. She will be paid cash in the amount of $413,000 for certain forfeited restricted stock units and will be eligible for a payment in respect of her incentive bonus for 2021 to be determined by the Compensation Committee of the Company’s Board of Directors and currently estimated at $431,200, in each case payable on or before March 31, 2022.
All payments are subject to applicable employment or tax withholdings and deductions. The Separation Agreement contains other standard provisions, including maintaining Ms. Salen’s intellectual property, confidentiality and non-solicitation obligations.
The Separation Agreement is terminable by Ms. Salen until November 26, 2021.”
It was also said that Kristina Salen was not well-liked within WWE. We wonder what is next in store for Salen now that she is no longer with the company.
What’s your take on this story? Sound off in the comments.