WWE CEO , Vince McMahon Steps Down , Amid Hush Money Allegations.<br />CNN reports that WWE CEO Vince McMahon has agreed to step back from his position until the wrestling company's board investigates him for allegations of misconduct.<br />On June 17, WWE released a statement saying that Stephanie McMahon, Vince McMahon's daughter, <br />will serve as interim CEO and interim chairwoman. .<br />On June 17, WWE released a statement saying that Stephanie McMahon, Vince McMahon's daughter, <br />will serve as interim CEO and interim chairwoman. .<br />Vince McMahon will reportedly continue to <br />contribute to creative content and may still <br />appear as a character during wrestling matches.<br />Vince McMahon will reportedly continue to <br />contribute to creative content and may still <br />appear as a character during wrestling matches.<br />According to CNN, the company <br />has convened a special committee <br />to investigate McMahon.<br />On June 16, 'The Wall Street Journal' reported <br />that McMahon paid a secret $3 million settlement to <br />a former employee he allegedly had a relationship with.<br />I have pledged my complete cooperation <br />to the investigation by the special <br />committee, and I will do everything <br />possible to support the investigation, Vince McMahon, statement, via CNN.<br />I have pledged my complete cooperation <br />to the investigation by the special <br />committee, and I will do everything <br />possible to support the investigation, Vince McMahon, statement, via CNN.<br />I have also pledged to accept <br />the findings and outcome <br />of the investigation, <br />whatever they are, Vince McMahon, statement, via CNN.<br />On June 17, the WWE said that it takes "all allegations <br />of misconduct very seriously," and independent legal services have been employed to assist with the review.<br />On June 17, the WWE said that it takes "all allegations <br />of misconduct very seriously," and independent legal services have been employed to assist with the review.<br />CNN reports that McMahon <br />has played a central role <br />in the WWE for decades. .<br />He helped transform the company into a media juggernaut with massively successful contracts with Fox and NBCUniversal. .<br />He helped transform the company into a media juggernaut with massively successful contracts with Fox and NBCUniversal. .<br />Shares in the WWE have <br />risen over 30% in 2022.
