A WWE spokesman told The Wall Street Journal that the company is cooperating with the board's investigation into the alleged McMahon payment.
In 1993, he was indicted on federal charges related to anabolic steroids, which he and several professional wrestlers in the WWF stable used. He took over the company from his father, also named Vince McMahon, in 1982. WWE has also been the subject of speculation over a potential sale and its media rights. The company is publicly traded, but McMahon owns the majority of WWE's voting shares. In May, executive Stephanie McMahon, the daughter of Vince and Linda McMahon, took a leave of absence from most of her responsibilities at the company. "WWE is a lifelong legacy for me and I look forward to returning to the company that I love after taking this time to focus on my family," she tweeted at the time.
WWE CEO Vince McMahon is under investigation by the WWE board for $3 million agreement to pay off a former employee after an affair.
The board of directors were given a copy of the agreement three days ago. According to The Wall Street Journal, neither McMahon nor Laurinaitis have made statements about the probe. WWE Head of Talent Relations, John Laurinaitis, is also a part of the probe due to his relationship with the woman as well. The former Sony Pictures Home Entertainment executive is said to be leading the inquiry. In April, the WWE board began investigating the claims made in the e-mail. The shocking news came on Wednesday afternoon via an article written by Joe Palazzolo of The Wall Street Journal (paid subscription).
Wrestling magnate and top exec John Laurinaitis named in bombshell probe.
Laurinaitis has no chance of remaining with the WWE after this discovery. Vince’s wife, Linda McMahon, is still a minority owner in WWE but hasn’t held an executive role with the company since 2009. The investigation into the large payment started in April and led to the discovery of other nondisclosure agreements signed by former female WWE employees related to wrongdoing by McMahon, as well as WWE Head of Talent Relations John Laurinaitis. The WSJ didn’t provide how many NDAs were found as part of the investigation.
McMahon had other nondisclosure agreements regarding alleged misconduct with female employees that the board was investigating, the newspaper reported, citing ...
McMahon’s attorney, Jerry McDevitt, told the paper in a letter that the former employee, a paralegal, hadn’t made any claims of harassment against his client. The board so far has concluded McMahon paid the settlements with his own money, the newspaper reported, citing one of the people familiar with the situation. World Wrestling Entertainment Inc.’s board is looking into a secret $3-million payment that Chief Executive Officer Vince McMahon made to a female former employee with whom he allegedly had an affair, according to the Wall Street Journal, which cited people familiar with the board’s action.
World Wrestling Entertainment Inc.'s board is looking into a secret $3 million payment that Chief Executive Officer Vince McMahon made to a female former ...
Backstage updates on allegations against Vince McMahon and WWE Head of Talent Relations John Laurinaitis.
When John Laurinaitis was given back the spot as Head of Talent Relations in 2021, female talent were frustrated with the move. She was promoted from John Laurinaitis assistant to a “director” role that spring. As noted, Vince McMahon is reportedly being investigated by the WWE board of directors over cash settlements made to former employees over alleged misconduct.
WWE's board is investigating an alleged $3 million payment Vince McMahon made to a former employee after the pair allegedly had an affair, according to a ...
Even though they're a public company, Vince holds immense power within the top wrestling promotion. WWE's board is investigating an alleged multi-million "hush pact" payment made by Vince McMahon to a former employee after the pair allegedly had an affair, according to a new report by The Wall Street Journal. Vince McMahon Investigated By WWE Board After Alleged $3M Payment To Ex-Employee
McMahon is the majority shareholder of the publicly traded company's Class B shares, which grant him overwhelming voting power. Additionally, the board has ...
The WWE is a wrestling entertainment powerhouse which reported record revenues of $1.1 billion last year. However, the board probe has unearthed other, older nondisclosure agreements involving claims by former female WWE employees against McMahon and one of his top executives, John Laurinaitis, the head of talent relations at WWE, the WSJ reported. Additionally, the board has various members of his family.
During the tapings for Friday's "Rampage," AEW star Max Caster made a reference to the latest allegations against WWE Chairman Vince McMahon.
Fightful Select’s follow-up report to WSJ’s bombshell story noted that when Laurinaitis was re-hired as WWE’s Head of Talent Relations in 2021, one specific female talent was frustrated with the move. The report noted that WWE’s board of directors has been investigating the allegations since April and has also expanded its investigation into other NDA agreements involving misconduct claims made by other former female WWE employees about McMahon and John Laurinaitis, WWE’s Head of Talent Relations. This isn’t the first instance of Caster taking a jab at the WWE boss.
The board of World Wrestling Entertainment is investigating a secret $3 million hush payment that company CEO Vince McMahon agreed to make to a former ...
The Journal reported that the board has retained the law firm Simpson Thacher & Bartlett to conduct the investigation and that payments of other nondisclosure agreements, outside of the one involving the former employee, have totaled in the millions of dollars. An ESPN request for comment from WWE was not returned Wednesday night. The email sent to the board regarding the former WWE employee, who was hired as a paralegal in 2019, alleged that McMahon gave the woman to Laurinaitis "like a toy."
WWE Chairman Vince McMahon is being investigated by WWE's Board of Directors stemming from an alleged “hush pact” in the form of a $3 million settlement ...
It’s possible she saw this storm on the horizon, and as the Chief Branding Officer and face of the company, she wanted no part of publicly navigating such a private family matter. Though this is not the first major scandal to threaten Vince McMahon’s unquestioned rule over WWE’s empire, it comes during a time where cancel culture is alive and insatiable. The bombshell report from the Wall Street Journal (h/t Wrestling Inc) alleges the 76-year-old McMahon was involved in an affair with a 41-year-old paralegal. Allegations of sexual misconduct have taken down one mogul after another during an era of female empowerment coinciding with the fall of countless male-dominated dynasties. In fact, Stephanie McMahon’s departure comes with curious timing in hindsight. Shane McMahon, Triple H and Stephanie McMahon have all seen their power wane this past year—for one reason or another.
Vince McMahon, the CEO of WWE, is being investigated by the company's board for agreeing to pay a secret $3 million settlement to a former employee he ...
The Journal notes that WWE's board is made of up WWE executives and even members of McMahon's own family. The WWE board was sent an email on March 30 that alleged McMahon, who is 76, hired the employee "at a salary of $100,000 but increased it to $200,000 after beginning a sexual relationship with her." Other misconduct claims were reportedly found against John Laurinaitis, the company's head of talent relations.
McMahon had other non-disclosure agreements regarding alleged misconduct with female employees that the board was investigating, WSJ reported.
The board so far has concluded McMahon paid the settlements with his own money, the newspaper reported, citing one of the people familiar with the situation. McMahon’s attorney, Jerry McDevitt, told the paper in a letter that the former employee, a paralegal, hadn’t made any claims of harassment against his client. The probe, which began in April, also reportedly unearthed similar pacts made with former female workers on behalf of John Laurinaitis, a former wrestler who manages talent relations for WWE. The paper said it couldn’t determine how many such pacts were being reviewed.