The History of the WWE

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WWE's business focuses on professional wrestling, a simulated sport. It is currently the largest professional wrestling business in the world. The business previously existed as the Capitol Wrestling Corporation (CWC), which promoted under the banner of the World Wide Wrestling Federation (WWWF), then the World Wrestling Federation (WWF), and later World Wrestling Entertainment (WWE). Since then the business has grown into three brands, RAW, Smack Down, and ECW. The McMahons keep this wrestling business in their family for fifty years, with the help of a few friends, which made this business what it is today.

Roderick James “Jess” McMahon was a boxing promoter. In 1926, while working with Tex Rickard, who built Madison Square Garden, they started promoting boxing. Wikipedia states that, during that same time Joseph Raymond “Toots” Mondt created a new style of wrestling called “Slam Bang Western Style Wrestling” to make the sport more appealing to spectators.

Together, Roderick McMahon and Raymond Mondt where a successful combination, they created the Capitol Wrestling Corporation (CWC). The CWC joined the National Wrestling Association (NWA) in 1953. WWE.com explains that also in that year, Ray Fabiani, one of Mondt’s associates, brought in Vincent J. McMahon to replace his father Jess in the business. Mondt taught McMahon about booking and how to work in the wrestling business (WWE.com).

Kayfabememovies.com states that in 1963, Mondt and McMahon left the NWA, to create the World Wide Wrestling Federation (WWWF) (Kayfabememovies.com). The WWWF rejoined the NWA in 1973, ran under the World Wide Wrestling Federation banner until 1978, when the name was shortened to the World Wrestling Federation (WWF). Vincent J. McMahon so...

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... developing cardiac issues. The drug testing is handled by Aegis Sciences Corporation (WWE.com). The cardiac evaluations are handled by New York Cardiology Associates P.C. WWE openly suspended 11 performers immediately following release of their names in conjunction with anabolic steroid purchases.

The WWE is a publicly traded, privately controlled integrated media and sports entertainment company dealing primarily in the professional wrestling industry. Vince McMahon is the majority owner and Chairman of the company and his wife Linda McMahon holds the position of Chief Executive Officer (CEO). Together with their children, Executive Vice President of Global Media Shane McMahon and Executive Vice President of Talent and Creative Writing Stephanie McMahon-Lévesque, the McMahon family holds approximately 70% of WWE’s economic interests and rules the wrestling world.

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