Like other professional wrestling promotions, WWE's shows are not legitimate sporting contests, instead, its programs are purely entertainment based, featuring storyline-driven wrestling matches, with its main purpose on being an entertainment show, versus an actual sporting competition, the company has made this distinction very clear. The show could be regarded as no different than a regular TV show, with all outcomes being worked, much like a TV show's script, it is already written. The writers of the show create a script, and it is performed in arena's and broadcast live. WWE has already made this known to the public first in 1981.
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 economic interest and 96% of the voting power in the company. The company's headquarters are located in Stamford, Connecticut and also has offices in New York City, Los Angeles, London, Shanghai, Tokyo, Singapore, and Mumbai. The company previously bore the names, World Wide Wrestling Federation, World Wrestling Federation and World Wrestling Federation Entertainment. Since 2002, the company has been recognized as World Wrestling Entertainment and was simplified to WWE in 2011.
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