Vince McMahon Investigated By WWE Board After Alleged $3M Payment To Ex-Employee

Credit: TMZ.com- Published on June 15, 2022
WWE's board is investigating an alleged multi-million "hush pact" payment made by Vince McMahon to a former employee after the pair allegedly had an affair, according to a new report by The Wall Street Journal. WSJ claims World Wrestling…

Video credit: Wibbitz Top Stories
Published on June 17, 2022 -  01:30
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. . 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.

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Vince McMahon

American professional wrestling promoter (born 1945)


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