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WWE’s McMahon says he is retiring amid misconduct probe

today07/25/2022 43

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World Wrestling Entertainment impresario Vince McMahon says he is retiring amid an investigation into alleged misconduct involving the flamboyant showman who turned a small wrestling company into a worldwide entertainment business. In a brief statement issued by the company Friday, McMahon said he is retiring as WWE’s chairman and CEO. He noted that he remains its majority shareholder. McMahon stepped down temporarily as CEO and chairman of WWE in mid-June during an an investigation into alleged misconduct. Earlier this month, the Wall Street Journal reported McMahon agreed to pay more than $12 million over the past 16 years to suppress allegations of sexual misconduct and infidelity.

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