Vince McMahon discussed Shane McMahon’s resignation from WWE in his podcast interview with Steve Austin after this week’s episode of Monday Night Raw.
Below is an excerpt from our coverage by Sean Hopkins:
Austin asks about Shane. Vince says he’s busy, and enjoying his family. Leaving WWE was a mutual decision, and family doesn’t always get along all the time, and it’s difficult in business. He talks about working with Linda as well. He tries to do what’s right for business in the end.
Austin asks if Vince wanted Shane and Stephanie to work in the business. Vince says he wanted them to do what they wanted to do. He talks about them working growing up, and Shane working in a warehouse. Shane asked for a raise, and Vince told him if he could do better, go someplace else. Shane left and got a job making double the money.
Click here for our complete recap of the Vince McMahon interview.
Given this, I found it appropriate to re-print Shane’s resignation letter that was posted here on WWE.com on October 16, 2009:
It is with great sadness that I announce my resignation from the WWE, effective January 1, 2010.
I have never even considered a future outside the walls of the WWE. However, sometimes life takes an unexpected turn and while it is the most difficult decision I have ever made, it is time for me to move on.
First and foremost, I would like to thank my father for the incredible education working with him has provided and for giving me the opportunity to play a role in building WWE into the global phenomenon that it is today. I am extremely proud to have been the 4th generation in this business, and I am grateful for everyday I was able to work along side not only my own, but the entire WWE family.
Thank you to all of the WWE Superstars both past and present for your passion, pride and dedication. You are truly the engine of the organization and it has been a pleasure to work with, learn from and get to know all of you. Thank you for the privilege of sharing the stage with you and for allowing me to become but a momentary member of your elite brotherhood. I have so much appreciation for the many sacrifices you endure, both physically and personally, to make this business the success that it is. The respect I have for each of you is immeasurable.
Finally, there are no words to express my gratitude to WWE fans the world over for supporting this company through good times and bad and for your unbridled passion that fuels the Superstars' performances. I am profoundly grateful to have been able to entertain you both in front of the camera and from behind the scenes. You are the greatest fans in the world.
I will always love this business and will remain a fan forever.
Shane is currently the Chairman of the Board of You On Demand Holdings, Inc. His fiscal year compensation as of December 30, 2013 was $255,000. Click here for more on what Shane McMahon is doing now.