No doubt if you’re a closet wrestling fan (and who isn’t) the name McMahon has been synonymous with the rough and tumble world of what has now been defined as “sports-entertainment,” for countless generations
Remarkably no other individual except perhaps for Walt Disney is credited with creating an enduring mythical empire, of real life superheroes and villains, with names like the “Undertaker” “Andre the Giant” and the “Rock” that rivals the likes of DC Universe and Marvel Comics, with elaborate productions, costumes and scripted themes.
Founder and Chairman of World Wrestling Entertainment (WWE) Vince McMahon, along with former President and CEO wife Linda grew a regional “family” wrestling promotion organization in the Northeast, into a multi billion dollar international empire.
In the 4th quarter of 2018 alone, the WWE increased revenues by almost 30% to $273 million dollars.
In February of 2017 President Trump reached out to McMahon and asked her to head up the Small Business Administration, making her one of the original members of Trump’s cabinet, and one of only five women.
However on Friday McMahon resigned, accepting perhaps a new future role within the administration, according to Politico.
“Linda McMahon has done an incredible job as the head of the Small Business Administration. She has been a superstar,” President Donald Trump said during the press conference alongside McMahon. “She’ll be leaving. She’s going to go and help us with a very very important year and a half that we have coming up.”
The President continued, “The fact is that I’ve known her for a long time. I know she was good, but I didn’t know she was that good.”
Adding, “She’s been one of our all-time favorites … she’s helped so many people in the world of small business.”
Senate Judiciary Committee Chairman Lindsey Graham also weighted on McMahon’s departure, “I am disappointed to hear that Linda McMahon will be leaving the Small Business Administration.”
The South Carolina Senator later tweeted, “She did a terrific job for President Trump and small businesses all over the country.”
“She has much to be proud of and will be missed.”
— Lindsey Graham (@LindseyGrahamSC) March 29, 2019
In 2011 McMahon ran unsuccessfully for a senate seat in her home state of Connecticut, against Democratic rival Richard Blumenthal.
McMahon’s departure from the Small Business Administration simply means she’s giving up one important position within the administration for a significantly more important role as chairperson for the pro-Trump super PAC “America First Action” according to three people familiar with the move.
Trump operatives have spent weeks searching for someone to chair the super PAC, which is viewed as a strategically important plank within the President’s 2020 reelection campaign.
The President’s top advisors believe that the campaign will need to raise approximately $1 billion dollars, and acknowledge that the super PAC will be a major part of that effort.
McMahon has been a loyal cabinet member traveling around the country promoting the President pro growth agenda including recent trips promoting the Presidents new U.S.-Mexico-Canada trade deal.
Moreover McMahon much like the President is a rock-solid business executive with a vast knowledge of how to raise vast sums of money, thanks in part to her entrepreneurial skills.