WWE CEO , Vince McMahon Steps Down , Amid Hush Money Allegations.
CNN reports that WWE CEO Vince McMahon has agreed to step back from his position until the wrestling company's board investigates him for allegations of misconduct.
On June 17, WWE released a statement saying that Stephanie McMahon, Vince McMahon's daughter,
will serve as interim CEO and interim chairwoman. .
On June 17, WWE released a statement saying that Stephanie McMahon, Vince McMahon's daughter,
will serve as interim CEO and interim chairwoman. .
Vince McMahon will reportedly continue to
contribute to creative content and may still
appear as a character during wrestling matches.
Vince McMahon will reportedly continue to
contribute to creative content and may still
appear as a character during wrestling matches.
According to CNN, the company
has convened a special committee
to investigate McMahon.
On June 16, 'The Wall Street Journal' reported
that McMahon paid a secret $3 million settlement to
a former employee he allegedly had a relationship with.
I have pledged my complete cooperation
to the investigation by the special
committee, and I will do everything
possible to support the investigation, Vince McMahon, statement, via CNN.
I have pledged my complete cooperation
to the investigation by the special
committee, and I will do everything
possible to support the investigation, Vince McMahon, statement, via CNN.
I have also pledged to accept
the findings and outcome
of the investigation,
whatever they are, Vince McMahon, statement, via CNN.
On June 17, the WWE said that it takes "all allegations
of misconduct very seriously," and independent legal services have been employed to assist with the review.
On June 17, the WWE said that it takes "all allegations
of misconduct very seriously," and independent legal services have been employed to assist with the review.
CNN reports that McMahon
has played a central role
in the WWE for decades. .
He helped transform the company into a media juggernaut with massively successful contracts with Fox and NBCUniversal. .
He helped transform the company into a media juggernaut with massively successful contracts with Fox and NBCUniversal. .
Shares in the WWE have
risen over 30% in 2022.