WWE CEO Vince McMahon to step back during misconduct probe
McMahon will retain his responsibilities related to the company’s creative content during the period.
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The move comes several days after a Wall Street Journal report, citing people familiar with the matter, described a secret $3 million payment McMahon made to a female former employee with whom he allegedly had an affair, as well as non-disclosure agreements with other employees. The investigation is also looking into similar arrangements with John Laurinaitis, a former wrestler who manages talent relations for WWE.
WWE’s board said Friday that it has engaged independent legal counsel to assist in the investigation and will work with a third party to conduct a review of the company’s compliance program, human-resources function and overall culture.
—Bloomberg News
