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WWE CEO Vince McMahon Steps Down Amid Hush Money Allegations

Video Credit: Wibbitz Top Stories - Duration: 01:30s - Published
WWE CEO Vince McMahon Steps Down Amid Hush Money Allegations

WWE CEO Vince McMahon Steps Down Amid Hush Money Allegations

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.

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On June 17, WWE released a statement saying that Stephanie McMahon, Vince McMahon's daughter, will serve as interim CEO and interim chairwoman.

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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.

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He helped transform the company into a media juggernaut with massively successful contracts with Fox and NBCUniversal.

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He helped transform the company into a media juggernaut with massively successful contracts with Fox and NBCUniversal.

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Shares in the WWE have risen over 30% in 2022.


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Vince McMahon Steps Down as CEO of WWE [Video]

Vince McMahon Steps Down as CEO of WWE

Vince McMahon stepped down as CEO of WWE amidst allegations of misconduct and will be replaced by his daughter, Stephanie McMahon.

Credit: Sports Illustrated     Duration: 00:29Published