Trump Taps Pro-Wrestling Magnate Linda McMahon As Small Biz Chie - News9.com - Oklahoma City, OK - News, Weather, Video and Sports |

NEWS

Trump Taps Pro-Wrestling Magnate Linda McMahon As Small Biz Chief

Posted: Updated:
Associated Press Associated Press
WASHINGTON, D.C. -

President-elect Donald Trump is adding former wrestling executive Linda McMahon to his cabinet as leader of the Small Business Administration.

McMahon and her husband, Vince, founded and built World Wrestling Entertainment (WWE), now a publicly traded sports entertainment company. She stepped down as the WWE chief executive officer in 2009 and in recent years began a start-up to encourage more women business owners.

She also poured $100 million of her fortune into two unsuccessful bids for a U.S. Senate seat in Connecticut and has become an influential Republican donor.

“Linda is going to be a phenomenal leader and champion for small businesses and unleash America’s entrepreneurial spirit all across the country,” Mr. Trump said in a statement Wednesday.

Mr. Trump said she shares his vision of decreasing “burdensome regulations that are hurting our middle-class workers and small businesses.”

“As an entrepreneur myself, I have shared the experiences of our nation’s small business owners and will do my best to advocate on their behalf,” McMahon said in a statement. “My husband and I built our business from scratch, building it to a publicly traded global enterprise with more than 800 employees.”

McMahon has known Mr. Trump for three decades and contributed $5 million to his family charity, almost all of it in 2007. Mr. Trump has participated in WWE events, including a 2007 “Battle of the Billionaires,” during which he shaved Vince McMahon’s head.

Mr. Trump wasn’t Linda McMahon’s first choice for president. She first backed New Jersey Gov. Chris Christie. But McMahon told the Associated Press in September that she was confident Mr. Trump would be a good president and said the two were on good terms.

“Once you’re his friend, he is loyal to the end,” she said. “He’s an incredibly loyal, loyal friend.”

© 2016 CBS Interactive Inc. All Rights Reserved. This material may not be published, broadcast, rewritten, or redistributed. The Associated Press contributed to this report.

Special Features

iPhone App

Get breaking news, weather, sports & video directly on your iPhone.

Politics

Breaking political news & the latest headlines from the state capitol & D.C.

Radars

See where weather is happening using our live interactive radars.

Technology

Spend your money wisely with reviews of new tech gadgets & the latest news in technology.

TV Schedule

Need to know what's on TV? Check out our television schedule.

Live Radar

WARN Interactive
Powered by Frankly
News 9
7401 N. Kelley Ave.
Oklahoma City, OK 73111
News9.com is proud to provide Oklahomans with timely and relevant news and information, sharing the stories, pictures and loves of Oklahomans across our great state.
All content © Copyright 2000 - 2017 KWTV. All Rights Reserved. For more information on this site, please read our Privacy Policy, and Terms of Service, and Ad Choices.