Wwe
stands for World wrestling entertainment.
World Wrestling Entertainment .WWE, is an American integrated media and entertainment organization that is primarily known for professional wrestling. WWE has also branched out into other fields, including movie, American football, and other business ventures.
Founders
Jess McMahon or Vincent J. McMahon (as Capitol Wrestling Corporation Ltd.)
As in other professional wrestling promotions, WWE shows are not legitimate contests but entertainment-based performance theater, featuring storyline-driven, scripted, and partially-choreographed matches; however, matches often include moves that can put performers at risk of injury, even death, if not performed correctly. The pre-determined aspect of professional wrestling was publicly acknowledged by WWE's owner Vince McMahon in 1989 in order to avoid taxes from athletic commissions. WWE brands its product as sports entertainment, acknowledging wrestling's roots in competitive sport and dramatic theater .
Wwe's majority owner is its chairman and CEO, wrestling promoter Vince McMahon, who retains a 42% ownership of the company's outstanding stock and 70.5% of the voting power. The current entity, which was originally named Titan Sports, Inc., was incorporated on February 21, 1980 in South Yarmouth, Massachusetts. It acquired Capitol Wrestling Corporation Ltd., the holding company for the World Wrestling Federation (WWF), previously known as the World Wide Wrestling Federation (WWWF, in 1982. Titan was renamed World Wrestling Federation Entertainment, Inc. in 1999, and then World Wrestling Entertainment, Inc. in 2002. Since 2011, the company has branded itself solely with the initials WWE, though the legal name has not changed since 2002
Capitol Wrestling Corporation (1953–1963)
WWE's origins can be traced back as far as the 1950s when on January 7, 1953, the first show under the Capitol Wrestling Corporation (CWC) was produced. There is uncertainty as to who the founder of the CWC was. Some sources state that it was Vincent J. McMahon,[11][12][13] while other sources cite McMahon's father Jess McMahon as founder of CWC.[14][15][16] The CWC later joined the National Wrestling Alliance (NWA) and famous New York promoter Toots Mondt soon joined the CWC.
World Wide Wrestling Federation (1963–1979)
Vincent McMahon and Toots Mondit were very successful and soon controlled automatic ly 70% of the NWA's booking, largely due to their dominance in the heavily populated Northeastern United States. In 1963, McMahon and Mondit had a dispute with the NWA over "Nature Boy" Buddy Rogers being booked to hold the NWA World Heavyweight Championship.[17] Mondit and McMahon were not only promoters but also acted as his manager and were accused by other NWA promoters of withholding Rogers making defenses in their cities versus only defending in Mondit and McMahon's own cities thus maintaining a monopoly on the world title. In a now infamous situation, the NWA sent former 5-time world champion and legitimate wrestler Lou Thesaz to Toronto to face Rogers on January 24, 1963. Thesaz recalls this was not planned and prior to the match remembered telling Buddy "we can do this the easy way or the hard way." Rogers agreed to lose the fall and title in a one fall match versus the traditional two out of three fall matchup that most world title matches were defended. Once word reached back to Mondit and McMahon, at first they simply ignored the title change. From January until April 1963, Rogers was promoted as the NWA World Champion, or simply the World Heavyweight Champion, in their area. The World Wide Wrestling Federation (WWWF) was not an immediate creation as once thought the day after Rogers' one fall loss to Thesaz. Mondit and McMahon both eventually left the NWA in protest and formed the WWWF in the process. They brought along with them Willie Gilzenberg, long time boxing and wrestling promoter in New Jersey. In June 1963, Gilzenberg was named the first president of the WWWF, marking the traditionally beginning of their history .[18] with Rogers winning a fictitious tournament in Rio de Janeiro on April 25, 1963, when he defeated long time Capitol Sports favorite Antonino Rocca. In reality, Rocca was no longer in the area, as he was working for Jim Crockett Sr. in the Carolinas. Rogers also had already suffered what would later be a career ending heart attack on April 18 in Akron, Ohio, and was in an Ohio hospital during the time the alleged tournament took place. [19] Mondt left Capitol in the late 1960s and although the WWWF had withdrawn from the NWA, Vince McMahon, Sr. quietly again
joined in 1971.
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