Vince McMahon's daughter, Stephanie, will take over in the interim.
8:34 AM PDT, June 17, 2022As an investigation takes place into allegations of misconduct by Vince McMahon, the WWE CEO and chairman has voluntarily stepped down from his position. Stephanie McMahon, Vince's daughter, will step into the roles as interim CEO and chairman for the duration of the investigation, The investigation centers around a $3 million hush money payment from McMahon to a former employee with whom he allegedly had an affair.
The report also stated that that the investigation uncovered other similar nondisclosure agreements with employees dating back several years. A WWE press release issued Friday morning stated that,"McMahon will retain his role and responsibilities related to WWE's creative content during this period and remains committed to cooperating with the review underway."
"I have pledged my complete cooperation to the investigation by the special committee, and I will do everything possible to support the investigation," McMahon said in the press release."I have also pledged to accept the findings and outcome of the investigation, whatever they are.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Vince McMahon Steps Down As WWE CEO During InvestigationVince McMahon is stepping back from his role as CEO of WWE for the duration of an investigation into allegations of misconduct:
Read more »
Vince McMahon steps aside as WWE CEO amid probe of hush-money allegationsThe company said it was investigating alleged misconduct from McMahon and John Laurinaitis, the head of talent relations, after the Wall Street Journal reported that McMahon paid a secret $3 million to a former employee who was involved in an affair.
Read more »
WWE CEO Vince McMahon to step down during misconduct probeMcMahon’s daughter, Stephanie, will serve as interim CEO and chairwoman.
Read more »
WWE Boss Vince McMahon Stepping Aside During Board Committee Probe Of Alleged MisconductVince McMahon, the longtime face of and force behind the WWE and the company’s chairman and CEO, is stepping aside pending an investigation into “alleged executive misconduct” by …
Read more »
WWE boss Vince McMahon reportedly paid $3 million in hush money to cover up affairVince McMahon, the CEO of WWE, is being investigated by the company's board for agreeing to pay a secret $3 million settlement to a former employee he allegedly had an affair with, according to a Wall Street Journal report.
Read more »
WWE Board Investigates Secret $3 Million Hush Payment by CEO Vince McMahon, Report SaysA WWE spokesman told the WSJ that the company is cooperating with the board’s investigation into the alleged McMahon payment.
Read more »