Linda McMahon, WWE Mogul, Picked To Lead Small Business Administration

Linda McMahon talks with reporters after a meeting with President-elect Donald Trump at Trump Tower, Wednesday, Nov. 30, 2016, in New York. (AP Photo/Evan Vucci)
Start your day with TPM.
Sign up for the Morning Memo newsletter

President-elect Donald Trump announced Wednesday that he will nominate Linda McMahon, co-founder and former CEO of WWE, to head the Small Business Administration.

“Linda has a tremendous background and is widely recognized as one of the country’s top female executives advising businesses around the globe,” Trump said of McMahon, according to a transition statement emailed to reporters Wednesday. “She helped grow WWE from a modest 13-person operation to a publicly traded global enterprise with more than 800 employees in offices worldwide. Linda is going to be a phenomenal leader and champion for small businesses and unleash America’s entrepreneurial spirit all across the country.”

In the same release, McMahon said she was “honored to join the incredibly impressive economic team that President-elect Trump has assembled.”

McMahon, along with her husband, Vince McMahon, shaped World Wrestling Entertainment, Inc.—founded as Titan Sports, Inc., in 1980—into a global entertainment powerhouse. Donald Trump is in the WWE Hall of Fame, and once shaved Vince McMahon’s head during a WrestleMania event, one installment in a storied rivalry between the two tycoon showmen.

In 2007, according to the Washington Post, the McMahons gave the Trump Foundation its largest single contribution ever, $4 million. Trump was appearing in WWE events at the time, though he was reportedly being paid a separate fee for his appearances.

Linda McMahon is an active funder of Republican politicians, and ran two unsuccessful bids for the U.S. Senate in Connecticut, in 2010 and 2012, spending a combined $100 million on the campaigns, according to CNBC.

The Small Business Administration, which was re-elevated into the Cabinet in 2012, makes government-backed loans to small businesses, guides federal contracts to them, and provides grant funding to groups that offer counseling to small businesses.

Latest Livewire
111
Show Comments

Notable Replies

  1. They are all bad, with or without a skirt.

    The assault on all things decent continues…

  2. Seriously—is there no point at which this farce becomes too ridiculous? It’s like Caligula making his horse a consul.

  3. Small businesses in search of financial aid will need to participate in a wrestle-off

  4. Was Carly Fiorina unavailable?

  5. Well nothing make more sense int Trumps administration than Linda McMahon, after all it’s been Trump has been Kayfabe all along,

Continue the discussion at forums.talkingpointsmemo.com

105 more replies

Participants

Avatar for attorneytampa Avatar for playitagainrowlf Avatar for charliee Avatar for brooklyndweller Avatar for mondfledermaus Avatar for ncsteve Avatar for mattinpa Avatar for clunkertruck Avatar for navamske Avatar for losamigos Avatar for inversion Avatar for sniffit Avatar for sparrowhawk Avatar for bonvivant Avatar for lastroth Avatar for theghostofeustacetilley Avatar for darrtown Avatar for tena Avatar for muddylee Avatar for rickjones Avatar for j.dave Avatar for badabingo Avatar for dannysgrandma Avatar for jadez

Continue Discussion
Masthead Masthead
Founder & Editor-in-Chief:
Executive Editor:
Managing Editor:
Deputy Editor:
Editor at Large:
General Counsel:
Publisher:
Head of Product:
Director of Technology:
Associate Publisher:
Front End Developer:
Senior Designer: