World Wrestling Entertainment, Inc. (WWE) is an American publicly traded, privately controlled entertainment company dealing primarily in professional wrestling, with major revenue sources also coming from film, music, product licensing, and direct product sales. Founded by Jess McMahon and Toots Mondt in 1952, it is currently the largest professional wrestling promotion in the world, reaching 13 million viewers in the U.S. and broadcasting its shows to more than 145 countries. Like other professional wrestling promotions, WWE's shows do not feature legitimate sporting contests. Instead, its programs feature storyline-driven combat sport matches with predetermined outcomes and fighting maneuvers that are worked, all promoted as legitimate bouts.
Vince McMahon is the majority owner, chairman and chief executive officer (CEO) of the company. Together with his wife Linda McMahon, and their children Shane McMahon and Stephanie McMahon-Levesque, 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 with offices in New York City, Los Angeles, London, Shanghai, Tokyo, Singapore, and Mumbai. The company previously bore the names, World Wide Wrestling Federation (WWWF), World Wrestling Federation (WWF) and World Wrestling Federation Entertainment. Since 2002, the company has been recognised as World Wrestling Entertainment. This was later simplified to WWE in 2011.