This was a kayfabe way to explain a real situation. I believe the tears were quite real by Vince and HHH, which means Vince has decided to cede some of his duties to HHH. NOT completely retire, but to reduce his role.
The situation can only be storyline, while the WWE is a publicly traded company, Vince McMahon owns 51% of the stock. That means no board of directors meetings would happen without his knowledge, and that his one vote overrules the combined vote of every other stockholder, every WWE board member. Simply put, in real life, Vince McMahon cannot be removed from power by anyone but himself.
However, Vince has been running the WWE for a long, long time, and its entirely possible that after 50+ years of being in the wrestling business, he is finally burned out from the hours, the travel, etc. The man was/is a working machine, if he thinks its time to take a break, God knows he has earned it. And that is what I think is happening. Vince McMahon's age is finally catching up to him, the long hours are taking their toll, and Vince McMahon is realizing that he simply can't continue at the pace he set for himself decades ago. Vince will still own the WWE, but I think the days of him being involved in all of the day to day operations and the micro-managing every event are soon over.
The situation can only be storyline, while the WWE is a publicly traded company, Vince McMahon owns 51% of the stock. That means no board of directors meetings would happen without his knowledge, and that his one vote overrules the combined vote of every other stockholder, every WWE board member. Simply put, in real life, Vince McMahon cannot be removed from power by anyone but himself.
However, Vince has been running the WWE for a long, long time, and its entirely possible that after 50+ years of being in the wrestling business, he is finally burned out from the hours, the travel, etc. The man was/is a working machine, if he thinks its time to take a break, God knows he has earned it. And that is what I think is happening. Vince McMahon's age is finally catching up to him, the long hours are taking their toll, and Vince McMahon is realizing that he simply can't continue at the pace he set for himself decades ago. Vince will still own the WWE, but I think the days of him being involved in all of the day to day operations and the micro-managing every event are soon over.