Linda McMahon will be nominated as adminiᩚᩚᩚᩚᩚᩚᩚᩚᩚ𒀱ᩚᩚᩚstrator for the Small Business Administration for Donald Trump’s presidential cabinet.
Trump released a statement praising McMahon ᩚᩚᩚᩚᩚᩚᩚᩚᩚ𒀱ᩚᩚᩚfor her success inꦏ helping run WWE. Let’s consider too the political campaign contributions she’s made this year.
According to records frꦺom the , McMahon’s total campaign contributions far exceeded her donation♐s of any previous year:
2016: $7,911,384
2015: $1,636,500
2014: $2,960,100
2013: $113,250
2012: $108,455
2011: $103,150
2010: $31,600
2009: $45,300
2008: $13,900
2007: $13,500
2006: $20,250
When cross-referencing databases at Center for Responsive Politics and the , we find record of Linda McMahon donating a total of $8,561,432 to various causes in 2016 -- as best we can tell, all related to the Republican party. A total of $6 million of those donations, the majority, went to Rebuilding America Now pol🍬itical action committee (PAC) that๊ was as president.
Earlier this year, a large number of WWE stock shares were liquidated from a trust () co-owned by Linda McMahon and her husband WWE CEO Vince McMahon. The shares were liquidated in two installmentsꦓ a few months apart.
May 16: The McMahons sold 2,191,894 shares of WWE stock at the price of $16.5ღ0 per share for a total value of𝔍 $36,166,251. ()
Note this came days after , on May 4, which made Trump the cle🌳ar Republican party nominee.
On the day of this first selling off of shares, as you can see in the table at the bottom of this article, Linda McMaho🐭n happened to make a number of donations with a total value of $267,200. S🍒he made 98% of her campaign donations for the year on or after May 16.
In August, they sold more shares.
August 17: The McMahons s𓆏old 1,547,372 shares of WWE stock at the price of $19.32 per share for aꦬ total value of $29,895,227. ()
The sale of those two portions ofꦍ ⭕stock comes to a total value of $66,061,478.
Obv꧙iously that’s well in excess of the amount of money we can find record for Linda McMahon donating to political campaigns. After the political do👍nations we can account for, that leaves $57,500,046 from the selling of shares that were held in the GRAT. It’s not public what the McMahon’s chose to do with the remaining funds obtained from their stock sales.
Far less than Linda's contributions, to poli🅘tical campaigns in 2016.
There are no records from the FEC or CRP of political donations for this year from the McMahon's daughter Stephanie McMahon-Levesque or her ൲husband Paul Levesque, who are both WWE c🌳orporate executives. There are no records for the McMahon's son Shane either.
The McMahons gave Trump’s foundation $5 million from 2007 to 2009, which isn’t accounted for in FEC ꧅or CRP records.
Even after the aforementioned sales of stock, Vince McMahon still owns over 35 million shares of W🃏WE. According to , that accounts for 48% of the WWE’s ownership. Because Vince’s shares hold special voting power that give his shares ten-times the voting power of shares held by non-McMahon family members, .
Linda McMahon's ꦍcampaign contributions in 2016, as sourced from the CRP and FEC:
