Vince McMahon Steps Down As WWE CEO During Misconduct Investigation
The pro wrestling mogul has "voluntarily stepped back" and will be replaced by his daughter, Stephanie McMahon, the company said. Vince McMahon has “voluntarily stepped back” as WWE CEO and chairman during a board investigation into alleged misconduct with a former female employee, the company said Friday.
McMahon allegedly paid a $3 million “hush” settlement to a paralegal to cover up their affair, The Wall Street Journal reported this week.