Linda McMahon will be nominated as administrator for the Small Business Administration ෴for Donald Trump’s presidential cabinet.
Trump released a statement praising McMahon💙 for her success in helping run WWE. Let’s consider too the political campaign contributions she’s made this year.
According to rꦇecords from the , McMahon’s total campaign contributions far exceeded her donations 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 tel𒆙l, all rela🎶ted to the Republican party. A total of $6 million of those donations, the majority, went to Rebuilding America Now political action committee (PAC) that 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 installments a few month💖s apart.
May 16: The McMahons sold 2,191,894 shares of WꦡWE♔ stock at the price of $16.50 per share for a total value of $36,166,251. ()
Note this came days after , on May 4, which made Trump the clear Republican party n🍌ominee.
On the day of this first se▨lling off of shares, as you can see in the table at the bottom of this article, Linda McMahon happened to make a number of donations with a total value of $267,200. She made 98% of h🌸er campaign donations for the year on or after May 16.
In August, they sold more shares.
August 17: The McMahons sold 1,547,372 shares of WWE stock at the price of $19.32 per sh꧑are for a total value of $29,895,227. ()
The sale of those two p🔴ortions of stock comes🍌 to a total value of $66,061,478.
Obviously that’s well in excess of the amount of money we can find record for Linda McMahon donating to political campaigns. After the political donations we can account for, that leaves $57,500,0❀46 from the selling of shares that were held in the GRAT. It’s not public what the McMahon’s chose to do w﷽ith the remaining funds obtained from their stock sales.
Far less than Linda's contributions, to political ca💟mpaigns in 2016.
There are no records from the FEC or CRP of political don🎶ations for this year from the McMahon's daughter Stephanie McMahon-Levesque or her hu🐟sband Paul Levesque, who are both WWE corporate executives. There are no records for the McMahon's son Shane either.
The McMahons gave Trump’s foundation $5 million from 2007 to 200♍🦂9, 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 WWE. According to , that accounts for 48% o𒁃f the WWE’s ownership. Because Vince’s shares hold special voting power that give his shares ten-times the voting power of share🐠s held by non-McMahon family members, .
Linda McMahon's campaign🅠 contributi🌃ons in 2016, as sourced from the CRP and FEC:
