WWE World Wrestling Entertainment ( doing business as WWE , 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 . It is currently the largest professional wrestling company in the world , reaching 13 million viewers in the U . S . and broadcasting its shows in 30 languages to more than 145 countries . 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 ( WWE Executive Vice President of Talent and Creative Writing ) , the McMahons hold about 70 % of WWE ' s economic interest and 96 % of the voting power in the company . The company ' s headquarters is located in Stamford , Connecticut with offices in Los Angeles , New York City , London , Tokyo , Toronto , and Sydney . WWE holds an extensive library videos , representing a significant portion of the visual history of professional wrestling . The company began as the Capitol Wrestling Corporation in 1952 , which promoted under the banner of the World Wide Wrestling Federation ( WWWF ) and later the World Wrestling Federation ( WWF ) . In 1982 it was sold to the same family ' s Titan Sports company , which later changed its name to World Wrestling Federation Entertainment , before finally becoming World Wrestling Entertainment in 2002 , and simplified to " WWE " in 2011 . Wellness Program . The Talent Wellness Program is a comprehensive drug , alcohol , and cardiac screening program initiated in February 2006 , shortly after the sudden death of one of their highest profile talents , 38 year - old Eddie Guerrero . The policy tests for recreational drug use and abuse of prescription medication , including anabolic steroids . Under the guidelines of the policy , talent is also tested annually for pre - existing or developing cardiac issues . The drug testing is handled by Aegis Sciences Corporation . The cardiac evaluations are handled by New York Cardiology Associates P . C . After the double murder and suicide committed by one of its performers , Chris Benoit , with a possible link to steroids abuse encouraged by WWE , the United States House Committee on Oversight and Government Reform requested that WWE turn over any material regarding its talent wellness policy . In August 2007 , the program was defended by WWE and its employees in the wake of several illegal pharmacy busts that linked WWE performers to steroid purchases even after the policy was put into place . Ten professional wrestlers were suspended for violating the Wellness Policy after reports emerged they were all customers of Signature Pharmacy in Orlando , Florida . According to a statement attributed to WWE attorney Jerry McDevitt , an eleventh wrestler was later added to the suspension list . Because of the Wellness Policy , physicians were able to diagnose one of its performers with a heart ailment that otherwise would have likely gone unnoticed until it was too late . In August 2007 , then - reigning United States Champion Montel Vontavious Porter ( real name Hassan Assad ) was diagnosed with Wolff – Parkinson – White syndrome , which can be potentially fatal if gone undiagnosed . The ailment was discovered while Assad was going through a routine Wellness Policy checkup . On September 13 , 2010 , WWE updated their list of banned substances to include muscle relaxers . Championships and accomplishments . Current champions . RAW Smackdown 205 Live UK Defunct championships . WCW Cruiserweight title from 1991 to 2002 Acquisition of WCW and ECW . Though WWE considers this title separate from the WCW World title and spun off from the WWE Undisputed title , commentators in WWE programming and certain WWE susperstars still claim the WCW World title ' s lineage to this title ' s history when it was active . Though the title was retired , the physical belt was still used as a component of the WWE World Heavyweight title until August 18 , 2014 .