Part 2: Ownership Structure 1. How many shares of equity are authorized, issued, and outstanding for WWE as of 2019? (Note: you will need case exhibits to answer this question.) 2. If WWE were to pay a dividend of $1 per share, how much would Vincent K McMahon receive (see the table and footnote I on page 34)? If he were to vote for all his shares, what proportion of the total vote would he cast? 3. As a possible shareholder, does this concern you? As you ponder this, see how much WWE compensates Shane McMahon, who negotiates this contract on behalf of WWE, and what role Alpha Entertainment LLC (Alpha) plays (see page 36). 4. Why does WWE have two classes of shares? (Note: you will need to examine pages 34 & 38.)

Part 2: Ownership Structure 1. How many shares of equity are authorized. Issued, and outstanding for WWE as of 2019? (Note: you will need case exhibits to answer this question.) 2. If WWE were to pay a dividend of $1 per share, how much would Vincent K McMahon receive (see the table and footnote I on page 34)? If he were to vote for all his shares, what proportion of the total vote would he cast? 3. As a possible shareholder, does this concern you? As you ponder this, see how much WWE compensates Shane McMahon, who negotiates this contract on behalf of WWE, and what role Alpha Entertainment LLC (Alpha) plays (see page 36). 4. Why does WWE have two classes of shares? (Note: you will need to examine pages 34 & 38.)