Vince McMahon is stepping down as CEO and chairman of WWE throughout an investigation into alleged misconduct.
The Wall Street Journal just lately reported that the board was investigating a $3 million settlement that McMahon paid to a departing feminine worker with whom he allegedly had a consensual affair.
“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,” McMahon mentioned
McMahon’s daughter, Stephanie, will function interim CEO and chairwoman.
McMahon will proceed to supervise WWE’s inventive content material through the investigation.
“I’ve dedicated to doing every thing in my energy to assist the Special Committee full its work, together with marshaling the cooperation of your complete firm to help within the completion of the investigation and to implement its findings,” McMahon mentioned.