Vincent McMahon has left his role as head of World Wrestling Entertainment.
This entry was posted on June 15th, Wall Street Journal, citing documents and people familiar with the matter, reported that the WWE board was investigating McMahon’s alleged $3 million settlement that banned a female paralegal from discussing their alleged affair.
Two days later, the company and its board announced in a press release obtained by CelebHomes News that McMahon—the chairman and CEO—has “voluntarily stepped back” from his roles until the investigation concludes.
WWE said a special committee of the board is “conducting an investigation into alleged misconduct” by McMahon as well as head of talent relations John Laurinaitis.
McMahon would continue his duties and responsibilities regarding WWE’s creative content throughout this period,” WWE stated. The company also said that it was committed to continuing to cooperate with the current review.
McMahon stated that he had pledged his complete cooperation to the Special Committee’s investigation and would do all he could to help the investigation. I also pledged my acceptance of all findings and outcomes, regardless of their nature.