Vince McMahon has resigned as Chairman and CEO of WWE (World Wrestling Entertainment) amid an investigation into misconduct.
McMahon will continue to oversee creative content for the popular wrestling circuit show during the investigation, WWE said Friday. McMahon’s daughter, Stephanie, has been named interim president and CEO.
The wall street journal recently reported that the WWE Board of Directors is investigating a $ 3 million deal McMahon made with a former employee in which he allegedly had a consensual affair.
I pledged my full cooperation to the special committee’s investigation. I also promise to accept the conclusions of the investigation, regardless of their naturesaid Vince McMahon in a statement.
The employee, who was hired in 2019 as a paralegal, signed a separation agreement in January that prevents him from discussing his relationship with McMahon or disparaging him, the report reported. wall street journal.
The board of directors began their investigation in April and discovered other, older, non -disclosure agreements involving complaints from former WWE employees of inappropriate actions by Vince McMahon and John Laurinaitis. , head of talent relations, reported wall street journal.
In addition to investigating McMahon and Laurinaitis ’behaviors, WWE promised to work with a third party to also review its compliance program, its human resources department and the overall culture within the company.
Parts of World Wrestling Entertainment Inc. based in Stamford, Connecticut fell 4% before the market opened on Friday.
Associated Press
Source: Radio-Canada
