World Wrestling Entertainment introduced Friday that its famed CEO, Vince McMahon, has stepped again from his management obligations as the corporate investigates misconduct claims in opposition to him.
The WWE board of administrators appointed McMahon’s daughter, Stephanie McMahon, as interim CEO and chairwoman till the probe’s conclusion.
“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 stated a in assertion launched by the Stamford, Connecticut-based firm. “I have also pledged to accept the findings and outcome of the investigation, whatever they are.”
Despite the uncertainty of his present standing, McMahon will seem on “WWE Friday Night SmackDown” at 8 p.m. EDT, the corporate introduced Friday morning. It’s unclear if he’ll use the looks to touch upon the board probe.
Stephanie McMahon additionally stated she would help the continued probe.
“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,” she stated in an organization assertion.
“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.”
The WWE board stated it’s investigating each the elder McMahon and John Laurinaitis, head of expertise relations, for “alleged misconduct” however didn’t element any of the accusations.
The Wall Street Journal reported that the WWE board desires to know if McMahon paid a former worker $3 million so she’d hold quiet about an affair the 2 had.
The ongoing probe can be wanting into allegations of different nondisclosure agreements involving former feminine WWE staff and Laurinaitis, the newspaper reported.
This is a growing story. Please verify again for updates.