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23.07.2022 - 23:17 / deadline.com
Hours after Vince McMahon’s retirement as CEO from his WWE empire, his daughter, Stephanie McMahon, passed along her father’s thanks to fans in a live appearance on Fox’s WWE Friday Night SmackDown.
The new chairwoman and co-CEO of WWE, Stephanie McMahon now joins former CAA agent and co-head of television Nick Khan on the team that will run the WWE.
Vince McMahon, 77, has been on suspension from the WWE after the Wall Street Journal revealed he had paid hush money to several women regarding sexual misconduct claims involving himself and another executive.
Formerly the WWE’s Chief Brand Officer, Stephanie McMahon announced in May that she was taking a leave of absence to deal with family issues.
The McMahon family and Stephanie herself have been a part of wrestling for decades, spawning such brands as Raw, NXT, and SmackDown. Although challenged by upstarts, the WWE’s pay-per-view events are still huge draws, and the television shows are consistent ratings winners. Stephanie McMahon’s Friday appearance again topped the ratings, bringing in an 0.6 rating in the adults 18-49 demo to easily top the field for Fox.
Stephanie McMahon showed up Friday at Boston’s TD Garden to open the show. Her appearance was apparently a last-minute decision, revealed by the WWE only an hour before Fox’s broadcast started.
She spoke about her father, his retirement, and his thanks for the members of the WWE Universe. She was interrupted by fans chanting “Thank you, Vince!”
Stephanie McMahon spoke over the chanting, adding that her father sent his thanks to everyone in the back, the ring and rigging crew, the graphics team, and even Pat McAfee and Michael Cole on commentary. She then led the crowd in another, “Thank you, Vince!” chant.
.@StephMcMahon
It's Friday night and what better way to spend it than doing the Manchester Evening News pub quiz!
former CEO Vince McMahon — bringing the total of unrecorded payments up to $19.6 million.WWE revealed in a statement to the SEC on Tuesday that, on June 17, a special committee was «conducting an investigation into alleged misconduct» of McMahon — who then resigned as CEO on July 22, amid the investigation.«On July 25, 2022, the Company announced that it has made a preliminary determination that certain payments that Vince McMahon agreed to make during the period from 2006 through 2022 (including amounts paid and payable in the future totaling $14.6 million) were not appropriately recorded as expenses in the Company’s consolidated financial statements,» the SEC filing document stated. «Since that time, the Company has determined that two additional payments totaling $5.0 million, unrelated to the allegations that led to the Special Committee investigation, that Mr.
World Wrestling Entertainment said Tuesday an independent board probe of former CEO Vince McMahon showed additional unrecorded payments of $5 million, bringing the total to $19.6 million.
Todd Spangler NY Digital EditorVince McMahon’s off-the-books payments while he was chairman and CEO of WWE were higher than previously reported, the company said.Last month, WWE announced that it would revise its financial statements going back to 2019 because $14.6 million of “certain payments” that McMahon made while chairman and CEO should have been recorded as expenses. That was three days after McMahon said he was retiring from WWE, an announcement that came amid an ongoing investigation into allegations that he paid millions of dollars in hush money to multiple women to keep quiet about alleged affairs and misconduct.In an SEC filing Tuesday, WWE disclosed that since the July 25 announcement, it determined that McMahon made two additional payments totaling $5 million — unrelated to the allegations that led to the special committee investigation — in 2007 and 2009 should also have been recorded in the company’s consolidated financial statements.
It's Friday night and you know that means - another Manchester Evening News pub quiz!
It's Friday night and what better way to spend it than doing the Manchester Evening News pub quiz!
Carson Burton “Indiana Jones 5” star Boyd Holbrook admits he’s feeling “a little bit” nervous about fan reaction to director James Mangold’s upcoming installment of the legendary action-adventure movie franchise.“It’s kind of like a childhood dream,” Holbrook told Variety at Monday’s red carpet premiere of “Vengeance” at the Ace Hotel in Los Angeles. “And you could feel a little bit of that pressure, but I try not to go down those roads. I really just focus on the job at hand.”Details about “Indiana Jones 5” have been kept under wraps.
Shares of WWE jumped to a new 52-week high Monday, rising more than 10% amid executive and financial tumult on speculation that Vince McMahon’s exit could nudge a sale of the company.
Vince McMahon’s retirement announcement last week, the WWE will revise financial statements dating back to 2019. According to the organization, almost $15 million of payments made by McMahon should’ve been recorded as expenses.In an SEC filing this week, the company noted that it it “has made a preliminary determination that certain payments that Vince McMahon agreed to make during the period from 2006 through 2022 (including amounts paid and payable in the future), and that were not recorded in the WWE consolidated financial statements, should have been recorded as expenses in the quarters in which those agreements were made.”According to the WWE, the aggregate amount of the payments during this period totals $14.6 million, and all payments were or will be paid by McMahon personally.
Word Wrestling Entertainment said Monday that $14.6 million of payments by former CEO Vince McMahon from 2006 to 2022 weren’t recorded in the company’s accounts but should have been, and as a result the company will revise some of its previously issued financial statements.
Todd Spangler NY Digital EditorWWE will revise financial statements going back to 2019, saying that a total of $14.6 million of “certain payments” that Vince McMahon made while chairman and CEO should have been recorded as expenses.McMahon on Friday announced that he was retiring from WWE. That came fives weeks after he said he would be stepping down from his roles as chairman and CEO of WWE amid an ongoing investigation into allegations that he paid out millions of dollars to multiple women to keep quiet about alleged affairs and misconduct.On Monday, WWE said it “has made a preliminary determination that certain payments that Vince McMahon agreed to make during the period from 2006 through 2022 (including amounts paid and payable in the future), and that were not recorded in the WWE consolidated financial statements, should have been recorded as expenses in the quarters in which those agreements were made.” Those payments were — or will be — paid by McMahon personally.
Vince McMahon announced Friday he’s retiring as WWE’s chairman and CEO.
McMahon, 77, retired Friday after he struck a chord with a much wider audience over national and international headlines covering his sexual misconduct scandal, which led him to step back from the WWE and for his daughter to take the reins of the company.Detractors and fans flooded social media with reaction to his retirement announcement. Some surmised “He did not want the smoke” and declared “Bye, Felicia.” Others tipped their cap to the longtime WWE chairman and CEO, calling it the “end of an era” or telling McMahon “I salute you.”Many others questioned the sincerity of the announcement and called him out — or simply shared memorable clips and gifs from his many appearances as a WWE personality.See the varied reaction below.
Vince McMahon is retiring from WWE.
Thank you, WWE Universe. Then. Now.
Vince McMahon, the longtime CEO and chairman of World Wrestling Entertainment, announced today he’s retiring from the company at age 77. He had temporarily stepped away from running the company amid a scandal.