Vince McMahon is stepping down as CEO and chairman of WWE. The board is investigating a $3 million settlement that McMahon paid to a departing female employee with whom he
Vince McMahon is stepping down as CEO and chairman of WWE during an an investigation into alleged misconduct involving the longtime leader and public face of the organization.
"I have pledged my complete cooperation to the investigation by the special committee, and I will do everything possible to support the investigation," McMahon said in a prepared statement Friday."I have also pledged to accept the findings and outcome of the investigation, whatever they are." The organization underwent a seismic transformation under McMahon. He created WrestleMania, a premium live event that draws millions of fervent viewers.WWE stars have become crossover sensations, including Hulk Hogan, Dwayne"The Rock" Johnson,"Stone Cold" Steve Austin and John Cena.
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