Vince McMahon steps back from WWE role as board investigates alleged misconduct

Fox Business ^ | Updated on June 17 | Ryan Gaydos

[conservative98]

Vince McMahon "voluntarily stepped back" from his role as WWE CEO and chairman while its board investigates alleged misconduct, the company said Friday.

Stephanie McMahon, Vince’s daughter, was named interim CEO and interim chairwoman. Vince McMahon will retain his role in regards to WWE’s creative content.

"I have pledged my complete cooperation to the investigation by the Special Committee, and I will do everything possible to support the investigation. I have also pledged to accept the findings and outcome of the investigation, whatever they are," he said in a statement.

Stephanie McMahon added: "I love this company and am committed to working with the Independent Directors to strengthen our culture and our Company; it is extremely important to me that we have a safe and collaborative workplace. I have committed to doing everything in my power to help the Special Committee complete its work, including marshaling the cooperation of the entire company to assist in the completion of the investigation and to implement its findings."

According to The Wall Street Journal, McMahon was under investigation from the company’s board for an alleged secret $3 million payment to a former employee he supposedly had an affair with.

[American Infidel]

Two adults engaged in a consensual relationship and one was paid $3 million to be discreet about it. It may be unprofessional, but as long as no one was forced into anything unwillingly, and private funds were used to secure the NDA, it is no one's business but the two parties involved, yet the media loves to use the term "scandal" as often as possible. If company funds were used (doubtful), then McMahon will need to reimburse the company and everyone can move on. The recipient of the payoff hit the lottery, but apparently needed the media attention as well.

If only the media were as diligent about investigating all of the payouts (with taxpayer dollars) made by members of congress over the last several decades to make allegations of sexual harassment go away, but no one wants to touch that as it would thoroughly embarrass too many 'prominent' current and former members of congress both alive and dead (Ted Kennedy).

[mass55th]

"McMahon was under investigation from the company’s board for an alleged secret $3 million payment to a former employee he supposedly had an affair with."

Congress had their own secret taxpayer-funded slush fund for years that they used to pay off their own sexual complainants. And whose to say, it doesn't still exist.

[Tipllub]

Looks like he stopped taking his “vitamins”

[Tipllub]

IF he used company funds to keep her quiet, then that is a big problem.

[DarrellZero]

Yes back when it was his company he could do as he pleased.

But stockholders take exception to using company funds to keep whores quiet.

[Tipllub]

Going public made him fabulously wealthy, but it might also be is undoing.

[oldvirginian]

Jim McMahon has a problem.
He loves hisself some juiced up giants. That started with Hulk Hogan and everyone who went through the (then) WWWF went on the juice. He even wanted Bret Hart to go on roids.

And Vince will use a wrestler up and toss them to the side in a heartbeat. The man has no compassion. He once found out a wrestler, Darren Drozdov, could throw up whenever he wanted. He brought the guy into the office and had him throw up on camera. Vince took a look at the tape and didn’t like the angle. He made Drozdov throw up twice more until he liked it.
Who does that?

[Tymesup]

I get on an elevator, the guy already in the car asks, what floor? I say 6th, he says, same as me. Then he sticks out his paw and introduces himself - I’m Vince. I look at him, smile and say, Yes, you are!

We get out of the car and he asks where Linda’s office is? I point it out to him, thinking this must be the first time he’s here.

I used to run into Linda a couple of times a month, seemed nice enough. Never let me drive her Bentley. She had an apartment in the Trump building next door. Supposedly, Trump had nothing to do with the building besides the name. Luxury building, a zero or two too big for me.

[LeoTDB69]

Many of the old WWE skits were I think based on behind the scenes happenings. He often would play the womanizer or blackmailer, abusive boss roles.

He even made some males workers join the “KMA Club” and kiss his ass on live TV.

Nothing WWE shocks anymore really.

[AppyPappy]

Except his wife owns the business

[M Kehoe]

Hi.

“Except his wife owns the business”

Which makes me think this is choreographed and will end up in the ring.

Squared circle so to speak.

5.56mm

[AppyPappy]

Makes sense.