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Breaking News - Vince McMahon steps down as CEO

 

 

WWE board probes secret $3 million hush pact by Vince McMahon.

The board of WWE is investigating a secret $3 million settlement between McMahon and a departing employee whom he allegedly had an affair. The board's investigation began in April. They noted in January 2022 there was separation agreement with a now former employee from paralegal in 2019.

The board's outside counsel was collecting information about the other NDAs and determined the total amount was in the millions.

The directors received a copy of the $3 million agreement from Vince's lawyers on Sunday. In recent days, the investigators learned of the otehr nondisclosure agreements involving allegations agaisnt messrs, McMahon and Laurinaitis. The former employee is 41 years old.

credit for article:

https://www.wsj.com/articles/wwe-board-probes-secret-3-million-hush-pact-by-ceo-vince-mcmahon-sources-say-11655322722

 

Tonight on Smackdown Vince McMahon will appear on TV. He'll probably announce that he is stepping down as CEO as the investigation continues and Stephanie will take the position. She recently announced she was stepping away to help with family but now she'll need to take over the CEO responsibilities. Triple H was forced to retire from wrestling due to heart complications and Shane was released in February following an incidient at the 2022 Royal Rumble sources say.