Post a Free Blog

Submit A Press Release

Friday, March 29, 2024
Generic selectors
Exact matches only
Search in title
Search in content
Post Type Selectors
Filter by Categories
Action
Animation
ATP Tour (ATP)
Auto Racing
Baseball
Basketball
Boxing
Breaking News
Business
Business
Business Newsletter
Call of Duty (CALLOFDUTY)
Canadian Football League (CFL)
Car
Celebrity
Champions Tour (CHAMP)
Comedy
CONCACAF
Counter Strike Global Offensive (CSGO)
Crime
Defense of the Ancients (DOTA)
Documentary and Foreign
Drama
eSports
European Tour (EPGA)
Fashion
FIFA
FIFA Women’s World Cup (WWC)
FIFA World Cup (FIFA)
Fighting
Football
Formula 1 (F1)
Fortnite
Golf
Health
Hockey
Horror
IndyCar Series (INDY)
International Friendly (FRIENDLY)
Kids & Family
League of Legends (LOL)
LPGA
Madden
Major League Baseball (MLB)
Mixed Martial Arts (MMA)
MLS
Movie and Music
Movie Trailers
Mystery
NASCAR Cup Series (NAS)
National Basketball Association (NBA)
National Football League (NFL)
National Hockey League (NHL)
National Women's Soccer (NWSL)
NBA Development League (NBAGL)
NBA2K
NCAA Baseball (NCAABBL)
NCAA Basketball (NCAAB)
NCAA Football (NCAAF)
NCAA Hockey (NCAAH)
Olympic Mens (OLYHKYM)
Other
Other Sports
Overwatch
PGA
Politics
Premier League (PREM)
Romance
Sci-Fi
Science
Soccer
Sports
Sports
Technology
Tennis
Truck Series (TRUCK)
Ultimate Fighting Championship (UFC)
Uncategorized
US
Valorant
Women’s National Basketball Association (WNBA)
Women’s NCAA Basketball (WNCAAB)
World
World Cup Qualifier (WORLDCUP)
WTA Tour (WTA)
Xfinity (XFT)
XFL
-- Advertisement --spot_img
HomeSportsOther SportsWWE's Vince McMahon to step down amid misconduct probe

WWE’s Vince McMahon to step down amid misconduct probe


Vince McMahon is stepping back from his roles as chairman and CEO of World Wrestling Entertainment as the organization investigates a report that he agreed to pay hush money to a former employee over an alleged affair, the company announced Friday.

“Special Committee of the Board is conducting an investigation into alleged misconduct by its Chairman and CEO Vincent McMahon and John Laurinaitis, head of talent relations, and that, effective immediately, McMahon has voluntarily stepped back from his responsibilities as CEO and Chairman of the Board until the conclusion of the investigation,” the WWE said in a release.

“(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.”

McMahon has owned the company, which previously was known as the World Wrestling Federation, since 1982.

The 76-year-old is scheduled to appear on “SmackDown” on Friday night.

“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 release. “I have also pledged to accept the findings and outcome of the investigation, whatever they are.”

McMahon’s daughter, Stephanie, confirmed on Twitter that she will serve as interim CEO and chairwoman. She previously served as the company’s chief brand officer before taking a leave of absence last month.

“Until the conclusion of the investigation into recent allegations, I am honored to assume the role of interim Chairwoman & CEO,” she wrote.

The Wall Street Journal reported Wednesday that Vince McMahon — who is married — agreed to a $3 million settlement with a former female employee, with whom he allegedly had an affair. The employee was hired as a paralegal in 2019.

Per the newspaper, an investigation into the report led to uncovering other nondisclosed agreements involving misconduct claims from former employees against McMahon and Laurinaitis.

WWE said in its release that no further comment was expected until the investigation concludes.

–Field Level Media

Subscribe to get Latest News Updates

Latest News Articles

You may like more
more

NHL News: Hurricanes tie it late, but Caps win 7-6 in shootout

Dylan Strome provided the deciding goal in the fifth...

NHL News: Caps F Tom Wilson suspended 6 games for high-sticking

Washington Capitals forward Tom Wilson was suspended for the...

NHL News: Panthers, Rangers match up in chase for top spot in East

Nearly three weeks ago, the Florida Panthers were in...