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Log In / Register | May 28, 2017

Trump Names Wrestling Magnate Linda McMahon to Head SBA

Linda McMahon, who along with her husband Vince McMahon built WWE (formerly known as World Wrestling Entertainment) from a small regional business to a large multinational, then diverted her attention to politics, has been named by President-elect Trump as his nomination to head the SBA.

McMahon oversaw WWE’s rise from a small regional wrestling promotion to a billion-dollar, publicly traded global entertainment company, serving as president and CEO for over a decade. She was involved in many of the licensing deals that allowed the company to begin selling toys, music, movies and nearly every other conceivable piece of merchandise. Perhaps most importantly, she was involved with getting pro wrestling classified as entertainment and not sport, which allowed it to avoid regulations from athletic commissions. McMahon stepped down from the company in 2009 in order to run for a U.S. Senate seat in Connecticut. She won the Republican nomination twice, in 2010 and 2012, but lost in her general election races both times despite spending nearly $100 million of her own money on the bids. — Christopher Wilson, Yahoo News

Donald Trump was helped in his election campaign with a $6 million donation from Ms. McMahon.

Wrote Donald Trump on his Facebook page, "My America First agenda is going to bring back our jobs and roll back the burdensome regulations that are hurting our middle class workers and small businesses. To help push our agenda forward, I am pleased to nominate Linda McMahon as the head of 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. 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."

He quoted Linda McMahon in the same Facebook entry as saying, “Our small businesses are the largest source of job creation in our country. …I am honored to join the incredibly impressive economic team that President-elect Trump has assembled to ensure that we promote our country’s small businesses and help them grow and thrive.”

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