WWE Director Michael Soloman, who was one of the very first institutional investors in WWE, and one of the managing partners in private equity fund Gladwyne, has cashed out of WWE, according to recent SEC filings. He dumped stock worth over $20 million or 5.1 percent of the entire company. There were rumblings for some time that he was unhappy with changes in management so it appears with the recent upswing in the stock price he has cashed out. Soloman has sat on the WWE Board of Directors since 2001.
Credit: WRESTLING GLOBE NEWSLETTER Friday December 11, 2009
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