Was Linda McMahon’s SBA Confirmation Hearing a Knockout?

Date: January 27, 2017

WWE’s co-founder entered her confirmation hearing with a step-by-step plan on how she would successfully head the SBA.

Linda McMahon entered her confirmation ring, er, hearing for head of the Small Business Administration on Jan. 24 pledging to “revitalize a spirit of entrepreneurship in America,” according to Bloomberg.

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McMahon is the co-founder of World Wrestling Entertainment, an organization that started out as a small business and once faced the risk of going under. But, under her tutelage, the WWE grew into the $1.5 billion company it is today.

“Small business people are people with goals and values that can’t be calculated on a profit and loss statement,” McMahon said in her opening remarks. “I will do my best to advocate on their behalf.”  

McMahon plans to resign from all management roles at WWE, as well as a separate company she founded that promotes women’s leadership, Bloomberg reported. Although her work with WWE is what she’s known for, McMahon presented herself at the hearing as an entrepreneur who understands what it’s like to build a business from the ground up, The New York Times reported. She also assured senators at the hearing that she would do her absolute best to fight against restrictive government regulations that, in the words of Sen. Jim Risch are “strangling businesses.”   

“Small businesses want to feel they can take a risk on expansion or a new hire without fearing onerous new regulations or unexpected taxes, fees, and fines that will make such growth unaffordable,” McMahon said. “We want to renew optimism in our economy.”  

Even her opponents are willing to give her the benefit of the doubt, believing that she will be a great source of advice to Trump. “Politics can’t work if political grudges never die,” said Chris Murphy, a democratic senator.  

Related:  

What Does Trump’s Small Business Administration Appointment Mean for Owners?  

Gone for Good? Under President Trump, Small Business Owners Seek to End Several Harmful Regulations

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