"WWE" also refers to the professional wrestling promotion itself, founded by Jess McMahon and Toots Mondt in 1952, and, as of 2011, the largest in the world, holding about 320 house shows a year and broadcasting to about 36 million viewers in more than 150 countries.
Like in other professional wrestling promotions, WWE shows are not legitimate sporting contests, but purely entertainment-based, featuring storyline-driven, scripted and choreographed matches, though they often include moves that can put performers at risk of injury if not performed correctly. WWE first acknowledged this publicly in 1981, breaking the gentlemen's agreement that previously existed among promoters.
Vince McMahon is the majority owner, chairman and chief executive officer of the company. Together with his wife Linda McMahon, and their children Shane McMahon and Stephanie McMahon, the McMahons hold approximately 70% of WWE's equity and 96% of the voting power in the company. The company's headquarters are located in Stamford, Connecticut, with offices in New York City, Los Angeles, London, Shanghai, Tokyo, Singapore, and Mumbai.
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