<p style="font-weight: 400;">World Wrestling Entertainment boss Vince McMahon has stepped down as CEO amid a <a href="https://www.dailywire.com/topic/sex-scandal">scandal</a> involving allegations he paid millions in hush money to keep an extramarital affair quiet.</p>
<p style="font-weight: 400;">The wrestling impresario, who built his father’s business into a multi-billion-dollar conglomerate, allegedly agreed to pay $3 million to the employee, who has not been named. The company’s board is investigating the payments.</p>
<p style="font-weight: 400;">&#8220;I have pledged my complete cooperation to the investigation by the special committee, and I will do everything possible to support the investigation,&#8221; McMahon said in the press release. &#8220;I have also pledged to accept the findings and outcome of the investigation, whatever they are.&#8221;</p>
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">
<p lang="en" dir="ltr">Vince McMahon steps down as WWE CEO and chairman amid an investigation into alleged misconduct. <a href="https://twitter.com/BRWrestling?ref_src=twsrc%5Etfw">@BRWrestling</a> <a href="https://t.co/9KLnBPmCem">pic.twitter.com/9KLnBPmCem</a></p>
<p>&mdash; Bleacher Report (@BleacherReport) <a href="https://twitter.com/BleacherReport/status/1537778719309299719?ref_src=twsrc%5Etfw">June 17, 2022</a></p></blockquote>
<p style="font-weight: 400;">McMahon is the husband of former Trump Small Business Administration chief Linda McMahon. Their daughter, Stephanie McMahon, will serve as interim CEO and chairwoman until the probe concludes, <a href="https://corporate.wwe.com/investors/news/press-releases/2022/06-17-2022-120023255">the company announced on Friday</a>.</p>
<p style="font-weight: 400;">The investigation, which began in April, was first reported Wednesday by <a href="https://www.wsj.com/articles/wwe-board-probes-secret-3-million-hush-pact-by-ceo-vince-mcmahon-sources-say-11655322722">The Wall Street Journal</a>. The report said McMahon had hired the woman as a $100,000-per-year paralegal and then doubled her salary after the alleged affair began. He then allegedly handed the woman off &#8220;like a toy&#8221; to John Laurinaitis, WWE&#8217;s head of talent, according to the report.</p>
<p>The board learned of the alleged affair from an anonymous email from a purported friend of the woman. The alleged paramour did not accuse McMahon of harassment, according to McMahon&#8217;s lawyer, Jerry McDevitt.</p>
<p>&#8220;My friend was so scared so she quit after Vince McMahon and lawyer Jerry paid her millions of dollars to shut up,” the initial email to the board said.</p>
<p>McMahon allegedly used his own money to pay off the ex-employee, with $1 million upfront and another $2 million to be paid out over five years. The ongoing investigation has reportedly uncovered other similar nondisclosure agreements between McMahon and other employees in the past.</p>
<p style="font-weight: 400;">The WWE board statement continued by saying, &#8220;McMahon will retain his role and responsibilities related to WWE&#8217;s creative content during this period and remains committed to cooperating with the review underway.&#8221;</p>
<p style="font-weight: 400;">WWE announced that McMahon will appear on SmackDown tonight at 8 p.m. ET live on FOX.</p>
<p style="font-weight: 400;">McMahon has been company chairman since buying the company from his father in 1982. Revenue last year surpassed $1 billion for the first time. WWE stars who have become household names in entertainment include Hulk Hogan, Dwayne “The Rock” Johnson, and John Cena.</p>

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WWE Boss Vince McMahon Steps Down Amid Messy Sex Scandal Investigation

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WWE Boss Vince McMahon Steps Down Amid Messy Sex Scandal Investigation