Vince McMahon Retiring As WWE’s CEO
23.07.2022 - 02:57
/ etcanada.com
Vince McMahon announced Friday he’s retiring as WWE’s chairman and CEO.
He released the following statement, “As I approach 77 years old, I feel it’s time for me to retire as Chairman and CEO of WWE. Throughout the years, it’s been a privilege to help WWE bring you joy, inspire you, thrill you, surprise you, and always entertain you. I would like to thank my family for mightily contributing to our success, and I would also like to thank all of our past and present Superstars and employees for their dedication and passion for our brand. Most importantly, I would like to thank our fans for allowing us into your homes every week and being your choice of entertainment. I hold the deepest appreciation and admiration for our generations of fans all over the world who have liked, currently like, and sometimes even love our form of Sports Entertainment.”
READ MORE: Report: WWE’s Vince McMahon Paid $12M In Hush Money To 4 Different Women
According to a Wall Street Journal report, McMahon paid more than $12 million to four women to cover up “allegations of sexual misconduct and infidelity.”
The women, all of whom were involved with WWE, signed agreements with McMahon that “prohibit them from discussing potential legal claims against or their relationships with the 76-year-old executive.”
The report of the hush money, which the Journal said was paid over 16 years, is the latest part of a corporate firestorm for McMahon.
Last month another report from the Journal said the company’s board was investigating McMahon for agreeing to pay a secret $3 million settlement to a former employee with whom he allegedly had an affair. That woman is among the four mentioned in the new report.
The longtime WWE boss had agreed to step back