{"id":23540,"date":"2022-06-17T13:19:04","date_gmt":"2022-06-17T13:19:04","guid":{"rendered":"https:\/\/www.nsemgh.com\/?p=23540"},"modified":"2022-06-17T13:19:04","modified_gmt":"2022-06-17T13:19:04","slug":"wwes-vince-mcmahon-is-replaced-as-ceo-after-paying-3m-to-a-lady-she-has-an-affair-with","status":"publish","type":"post","link":"https:\/\/www.nsemgh.com\/2022\/06\/17\/wwes-vince-mcmahon-is-replaced-as-ceo-after-paying-3m-to-a-lady-she-has-an-affair-with\/","title":{"rendered":"WWE&#8217;s Vince McMahon is replaced as CEO after paying $3m to a lady she has an affair with"},"content":{"rendered":"<p class=\"mol-para-with-font\">Longtime\u00a0WWE\u00a0boss Vince McMahon has been replaced as\u00a0CEO of the company by his daughter, amid an investigation into claims he paid $3million to a staffer and doubled her salary to keep her quiet while they were having an affair.<\/p>\n<p class=\"mol-para-with-font\">McMahon, long the face of the wrestling firm, will reportedly step aside\u00a0pending an investigation into &#8216;alleged executive misconduct&#8217; to his behavior, by a special committee of the company&#8217;s board of directors.<\/p>\n<p class=\"mol-para-with-font\">Former exec Stephanie McMahon, who recently took a pause from the company herself earlier to &#8216;focus on her family,&#8217;\u00a0will serve as the wrestling\u00a0interim chief executive officer until that investigation&#8217;s conclusion, the company said.<\/p>\n<p class=\"mol-para-with-font\">&#8216;Effective immediately, [Vince] McMahon has voluntarily stepped back from his responsibilities as CEO and Chairman of the Board until the conclusion of the investigation,&#8217; the board of directors of wrote in statement Friday morning.<\/p>\n<p class=\"mol-para-with-font\">The board went on to reveal that McMahon will &#8216;retain his role and responsibilities\u00a0related to WWE\u2019s creative content&#8217; during this span.<\/p>\n<p class=\"mol-para-with-font\">They added that McMahon &#8216;remains committed to cooperating with the review underway.&#8217;<\/p>\n<div class=\"artSplitter mol-img-group\">\n<div class=\"mol-img\">\n<div class=\"image-wrap fff-pic\"><img loading=\"lazy\" decoding=\"async\" id=\"i-b5bbef0905c4a3ad\" class=\"blkBorder img-share b-loaded\" src=\"https:\/\/i.dailymail.co.uk\/1s\/2022\/06\/17\/13\/59191025-10927113-image-m-13_1655470273751.jpg\" alt=\"\" width=\"634\" height=\"660\" data-gallery-handler-attached=\"true\" \/><\/div>\n<\/div>\n<p class=\"imageCaption\">WWE wrestling is investigating Vince McMahon over claims he paid women hush money after they accused him of misconduct, including a 41-year-old paralegal who says he gave her $3million after they had an affair<\/p>\n<\/div>\n<div class=\"artSplitter mol-img-group\">\n<div class=\"mol-img\">\n<div class=\"image-wrap fff-pic\"><img loading=\"lazy\" decoding=\"async\" id=\"i-891f454e453618a9\" class=\"blkBorder img-share b-loaded\" src=\"https:\/\/i.dailymail.co.uk\/1s\/2022\/06\/17\/13\/59191097-10927113-image-a-2_1655469913817.jpg\" alt=\"Stephanie McMahon, Vince's daughter and a former WWE exec, will serve as the CEO pending an investigation by the the board of directors into the misconduct claims\" width=\"634\" height=\"951\" data-gallery-handler-attached=\"true\" \/><\/div>\n<\/div>\n<p class=\"imageCaption\">Stephanie McMahon, Vince&#8217;s daughter and a former WWE exec, will serve as the CEO pending an investigation by the the board of directors into the misconduct claims<\/p>\n<\/div>\n<p class=\"mol-para-with-font\">McMahon, 76, is quoted in the statement responding to the board&#8217;s investigation for the first time.<\/p>\n<p class=\"mol-para-with-font\">&#8216;I have pledged my complete cooperation to the investigation by the Special Committee,\u00a0and I will do everything possible to support the investigation,&#8217; the mogul, famed for his appearances for the wrestling company, wrote.<\/p>\n<p class=\"mol-para-with-font\">&#8216;I have also pledged to accept the findings and outcome of the investigation, whatever they are.&#8217;<\/p>\n<p class=\"mol-para-with-font\">Stephanie, who had a career as wrestler herself and is married to promotion star Triple H, added: \u2018I love this company and am committed to working with the Independent Directors to strengthen our culture and our Company.<\/p>\n<p class=\"mol-para-with-font\">&#8216;It is extremely important to me that we have a safe and collaborative workplace,&#8217; she added.<\/p>\n<p class=\"mol-para-with-font\">The probe\u00a0is investigating claims McMahon, who is married, gave several female employees hush money payments during affairs over the course of several years &#8211; including to a paralegal who he allegedly paid $3million after doubling her salary.<\/p>\n<p class=\"mol-para-with-font\">McMahon, 76, is married to former Trump administration official Linda McMahon and the pair have two adult children, one of whom sits on the WWE board along with her father.<\/p>\n<p class=\"mol-para-with-font\">The announcement comes after it was revealed the WWE board was probing a $3 million hush money from McMahon to a ex female staffer, a paralegal with the company, over an alleged affair.<\/p>\n<p class=\"mol-para-with-font\">The investigation began in April after the board received emails from the friend of the unnamed, 41-year-old paralegal.<\/p>\n<p class=\"mol-para-with-font\">McMahon has served as CEO of the multi-billion dollar company since 2009 and is said to be worth $2billion.<\/p>\n<div class=\"artSplitter mol-img-group\">\n<div class=\"mol-img\">\n<div class=\"image-wrap fff-pic\"><img loading=\"lazy\" decoding=\"async\" id=\"i-bedcd9fbd6c01d90\" class=\"blkBorder img-share b-loaded\" src=\"https:\/\/i.dailymail.co.uk\/1s\/2022\/06\/16\/21\/59162719-10924843-image-a-130_1655409819886.jpg\" alt=\"McMahon is married to Trump aide Linda McMahon, who served as the head of the Small Business Administration during Trump's presidency\" width=\"634\" height=\"868\" data-gallery-handler-attached=\"true\" \/><\/div>\n<\/div>\n<p class=\"imageCaption\">McMahon is married to Trump aide Linda McMahon, who served as the head of the Small Business Administration during Trump&#8217;s presidency<\/p>\n<\/div>\n<p class=\"mol-para-with-font\">She said that McMahon hired her on a salary of $100,000, then doubled that salary after they began having sex.\u00a0She alleges that he then &#8216;passed her like a toy&#8217; to John\u00a0Laurinaitis, the head of talent at WWE.<\/p>\n<p class=\"mol-para-with-font\">The woman&#8217;s friend said that their affair ended, she received &#8216;millions&#8217; from McMahon through his attorney Jerry\u00a0McDevitt.<\/p>\n<div>\n<div id=\"p-24\" class=\"related-carousel with-fb-or-tw news half\" data-track-module=\"am-related_carousel^related_carousel\" data-track-selector=\".rotator-panels a:not([class*=external])\" data-dm-rotator-rotate=\"false\" data-track-pos=\"static\" data-preferred-shared-network-enabled=\"\" data-dm-rotator-auto-init=\"\" data-dm-rotator-active-class=\"active\" data-dm-rotator-page-count=\"1.0\" data-dm-social-article-auto-init=\"\" data-dm-rotator-page-size=\"1\">\n<div class=\"rotator bdrcc\">\n<div class=\"rotator-title\"><\/div>\n<\/div>\n<div class=\"fb\">\n<div class=\"share\"><\/div>\n<\/div>\n<\/div>\n<\/div>\n<p class=\"mol-para-with-font\">McDevitt neither confirmed nor denied that McMahon had given the woman millions, or that they had an affair, but he did say the woman never accused him of harassment.<\/p>\n<p class=\"mol-para-with-font\">He added that no company money was used to pay her off.<\/p>\n<p class=\"mol-para-with-font\">After receiving the claim from the paralegal&#8217;s friend, the board&#8217;s investigation unearthed more alleged payments to female employees of McMahon and Laurinaitis, dating back years.<\/p>\n<p class=\"mol-para-with-font\">Those allegations center around claims of unspecified misconduct but it&#8217;s unclear if the misconduct was sexual or of a different nature.<\/p>\n<p class=\"mol-para-with-font\">McMahon&#8217;s attorney did not immediately respond to inquiries on Thursday afternoon, and WWE has not issued any form of statement.<\/p>\n<div class=\"artSplitter mol-img-group\">\n<div class=\"mol-img\">\n<div class=\"image-wrap fff-pic\"><img loading=\"lazy\" decoding=\"async\" id=\"i-200a26f132d533b3\" class=\"blkBorder img-share b-loaded\" src=\"https:\/\/i.dailymail.co.uk\/1s\/2022\/06\/17\/13\/55810385-10653269-Triple_H_pictured_alongside_Stephanie_McMahon_at_Wrestlemania_Th-a-4_1655469557664.jpg\" alt=\"McMahon, pictured alongside husband Triple H at Wrestlemania 2002,\" width=\"634\" height=\"463\" data-gallery-handler-attached=\"true\" \/><\/div>\n<\/div>\n<p class=\"imageCaption\">McMahon, pictured alongside husband Triple H at Wrestlemania 2002,<\/p>\n<\/div>\n<div class=\"artSplitter mol-img-group\">\n<div class=\"mol-img\">\n<div class=\"image-wrap fff-pic\"><img loading=\"lazy\" decoding=\"async\" id=\"i-a65e42945b1d95b9\" class=\"blkBorder img-share b-loaded\" src=\"https:\/\/i.dailymail.co.uk\/1s\/2022\/06\/16\/21\/59162527-10924843-image-a-132_1655410028605.jpg\" alt=\"McMahon's wife Linda with President Donald Trump in Mar-a-Lago in 2019. She now works at America First Institute\" width=\"634\" height=\"420\" data-gallery-handler-attached=\"true\" \/><\/div>\n<\/div>\n<p class=\"imageCaption\">McMahon&#8217;s wife Linda with President Donald Trump in Mar-a-Lago in 2019. She now works at America First Institute<\/p>\n<\/div>\n<div class=\"artSplitter mol-img-group\">\n<p class=\"imageCaption\">McMahon in the ring with Umaga at a WWE event in 2007. He started his career at WWE as a ring announcer and is now rumored to be worth $2billion<\/p>\n<\/div>\n<div class=\"artSplitter mol-img-group\">\n<div class=\"mol-img\">\n<div class=\"image-wrap fff-pic\"><img loading=\"lazy\" decoding=\"async\" id=\"i-f55b03ac40c1a405\" class=\"blkBorder img-share b-loaded\" src=\"https:\/\/i.dailymail.co.uk\/1s\/2022\/06\/16\/21\/59162721-10924843-image-a-150_1655410647798.jpg\" alt=\"Trump and McMahon at the 2011\u00a0WrestleMania 23 at Trump Tower. Trump played along with the theatrical wrestling matches for years, having a public frenemy feud with McMahon\" width=\"634\" height=\"456\" data-gallery-handler-attached=\"true\" \/><\/div>\n<\/div>\n<p class=\"imageCaption\">Trump and McMahon at the 2011\u00a0WrestleMania 23 at Trump Tower. Trump played along with the theatrical wrestling matches for years, having a public frenemy feud with McMahon<\/p>\n<\/div>\n<div class=\"artSplitter mol-img-group\">\n<div class=\"mol-img\">\n<div class=\"image-wrap fff-pic\"><img loading=\"lazy\" decoding=\"async\" id=\"i-8072a248317ae5b6\" class=\"blkBorder img-share b-loaded\" src=\"https:\/\/i.dailymail.co.uk\/1s\/2022\/06\/16\/21\/59162713-10924843-image-a-151_1655410717659.jpg\" alt=\"Trump and McMahon at the 2007 'Hair v Hair' match in which they both picked a wrestler to fight each other as part of their feud. They then delighted fans with their own fake fight in the ring\" width=\"634\" height=\"437\" data-gallery-handler-attached=\"true\" \/><\/div>\n<\/div>\n<p class=\"imageCaption\">Trump and McMahon at the 2007 &#8216;Hair v Hair&#8217; match in which they both picked a wrestler to fight each other as part of their feud. They then delighted fans with their own fake fight in the ring<\/p>\n<\/div>\n<p class=\"mol-para-with-font\">It remains unclear whether he and Laurinaitis remain in their positions.<\/p>\n<p class=\"mol-para-with-font\">Laurinaitis is also married but it&#8217;s unclear if he was married at the time of the allegations; he wed wife Kathy in 2016.<\/p>\n<div class=\"mol-img-group floatRHS\">\n<div class=\"mol-img\">\n<div class=\"image-wrap fff-pic\"><img loading=\"lazy\" decoding=\"async\" id=\"i-2581141af0cef9a6\" class=\"blkBorder img-share b-loaded\" src=\"https:\/\/i.dailymail.co.uk\/1s\/2022\/06\/16\/21\/59162725-10924843-image-m-155_1655410775028.jpg\" alt=\"McMahon has been CEO of WWE since 2009 and is worth $2billion\" width=\"306\" height=\"394\" data-gallery-handler-attached=\"true\" \/><\/div>\n<\/div>\n<p class=\"imageCaption\">McMahon has been CEO of WWE since 2009 and is worth $2billion<\/p>\n<\/div>\n<p class=\"mol-para-with-font\">Her daughters, Nikki and Brie Bella, are WWE stars known as The Bella Twins.<\/p>\n<p class=\"mol-para-with-font\">McMahon and his family take up a quarter of the seats on the board; he is the President and his daughter, Stephanie, is also on it alongside her husband.<\/p>\n<p class=\"mol-para-with-font\">His wife Linda served as the administrator of the Small Business Association during Donald Trump&#8217;s presidency.<\/p>\n<p class=\"mol-para-with-font\">Now, she works at the America First Institute.\u00a0She has not yet responded to the claims of her husband&#8217;s affairs or alleged payments to women.<\/p>\n<p class=\"mol-para-with-font\">The McMahon family has long been synonymous with the world of WWE.<\/p>\n<p class=\"mol-para-with-font\">He became involved through his own father, who gave him his first job as a ring announcer when he was a teenager.<\/p>\n<p class=\"mol-para-with-font\">McMahon then climbed through the ranks of the company, which was then called the Capitol Wrestling Corporation.<\/p>\n<p class=\"mol-para-with-font\">The company changed to become the World Wrestling Federation in the 1980s, then World Wrestling Entertainment years later.<\/p>\n<p class=\"mol-para-with-font\">It is under McMahon&#8217;s stewardship that the sport became commercially popular, attracting millions of fans around the world through televised matches and theatrical characters.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Longtime\u00a0WWE\u00a0boss Vince McMahon has been replaced as\u00a0CEO of the company by his daughter, amid an investigation into claims he paid $3million to a staffer and doubled her salary to keep her quiet while they were having an affair. McMahon, long the face of the wrestling firm, will reportedly step aside\u00a0pending an investigation into &#8216;alleged executive [&hellip;]<\/p>\n","protected":false},"author":8,"featured_media":23543,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_post_source_name":"","_post_source_url":"","footnotes":""},"categories":[80],"tags":[11261,7220,11264,7223,9649,7489,1350,287,3513,10876,2808,5195,7298,5455,9026,12210,2416,10649,9783,10197,7224,11645,6220,7661,9349,8126,9683,5612,11973,7574,3805,5261,7584,7221,13182,73,7218,7222,9960,3954,5273,5320,36,594,1948,7219],"class_list":["post-23540","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-entertainment","tag-accused","tag-affair","tag-allegations","tag-attorney-jerry-mcdevitt","tag-capitol","tag-chairman","tag-ceo","tag-children","tag-culture","tag-dating","tag-daughter","tag-dollar","tag-fake","tag-family","tag-fans","tag-female","tag-h","tag-harassment","tag-hush-money","tag-investigation","tag-laurinaitis","tag-linda-mcmahon","tag-love","tag-mar-a-lago","tag-married","tag-match","tag-millions","tag-money","tag-one","tag-presidency","tag-president","tag-salary","tag-sex","tag-stephanie-mcmahon","tag-trump-administration","tag-twins","tag-vince-mcmahon","tag-vinces-daughter","tag-wed","tag-will","tag-woman","tag-women","tag-world","tag-who","tag-wwe","tag-wwe-wrestling"],"blocksy_meta":[],"_links":{"self":[{"href":"https:\/\/www.nsemgh.com\/api-json\/wp\/v2\/posts\/23540","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.nsemgh.com\/api-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.nsemgh.com\/api-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.nsemgh.com\/api-json\/wp\/v2\/users\/8"}],"replies":[{"embeddable":true,"href":"https:\/\/www.nsemgh.com\/api-json\/wp\/v2\/comments?post=23540"}],"version-history":[{"count":0,"href":"https:\/\/www.nsemgh.com\/api-json\/wp\/v2\/posts\/23540\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.nsemgh.com\/api-json\/wp\/v2\/media\/23543"}],"wp:attachment":[{"href":"https:\/\/www.nsemgh.com\/api-json\/wp\/v2\/media?parent=23540"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.nsemgh.com\/api-json\/wp\/v2\/categories?post=23540"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.nsemgh.com\/api-json\/wp\/v2\/tags?post=23540"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}