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Benoit's murder suicide belts World Wrestling Entertainment

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Former World Heavyweight wrestling champion, Chris Benoit, his wife, and seven-year-old son were found dead in the family's Atlanta home, according to AP Sports. Police believe it was a murder-suicide.

Benoit's wife managed several wrestlers and went by the stage name "Woman." They met when her then-husband drew up a script that had them involved in a relationship as part of an ongoing story line on World Championship Wrestling. Did Benoit's wife have an affair with one of the wrestlers that sent Benoit into a jealous rage?

I don't know. But World Wrestling Entertainment (NYSE: WWE) canceled its live "Monday Night RAW" card in Corpus Christi, TX, and USA Network aired a three-hour tribute to Benoit in place of the scheduled wrestling telecast.

None of this seems to be hurting its stock much -- WWE is down a mere 12 cents.

Peter Cohan is president of Peter S. Cohan & Associates, a management consulting and venture capital firm. He also teaches management at Babson College and edits The Cohan Letter. He has no financial interest in WWE.

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Last updated: November 25, 2009: 10:34 PM

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