Question
How much did the key executive earn in compensation in 2019? (See the table on page 23 of the proxy statement.) What were the primary
How much did the key executive earn in compensation in 2019? (See the table on page 23 of the proxy statement.) What were the primary components of their compensation? Examine how the stock awards are structured and valued (see note 1 to the table on page 23). In particular, look at the grant to chairman and CEO Vince McMahon. Assume this grant was issued 1/1/2019, and vests equally over three years and answer the following: How would this grant affect the income statement, balance sheet, and statement of cash flows at the end of 2019, 2020, and 2021(see the reference text for guidance)? What was the fair value of this grant as of 1/1/2019 (roughly)? What would be the fair value if the highest level of performance conditions for these performance stock units had been achieved? What targets did the compensation committee set for the annual incentive bonuses (see the discussion starting on page 16)? Did the company meet these targets? Why do you think the committee chose these three performance measures? Can you think of any alternative measures? How did Vince's total compensation compare to the median WWE employee(see page 33)? Why do you think WWE discloses this ratio?
Access the 2019 proxy statement WWE (ticker; WWE)Links to an external site. posted on SEC'S EDGAR portalLinks to an external site. on March 6, 2020. Based on that report, submit your answers to the following prompts.
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