WWE boss Vince McMahon has agreed to step back from his responsibilities as chairman and CEO while the wrestling company's board investigates him for alleged misconduct
In the meantime, his daughter Stephanie McMahon, will serve as interim CEO and interim chairwoman, WWE said in a statement Friday. McMahon won't completely disappear from the company. He will retain his role related to WWE's creative content while the investigation is ongoing, and will appear as a character during wrestling matches. The company tweeted Friday that McMahon would appear on the company's Friday night wrestling showcase,"Smackdown," which airs on Fox.
"Read MoreThe investigation reportedly began in April and has"unearthed other, older nondisclosure agreements involving claims by former female WWE employees of misconduct by Mr. McMahon," the Journal reported. Other misconduct claims were reportedly found against John Laurinaitis, the company's head of talent relations.WWE said Friday that it takes"all allegations of misconduct very seriously" and it has engaged independent legal services to assist with the review.
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