The WWE said Vince McMahon will step back from some duties while the board investigates whether he and another executive acted inappropriately.
WWE’s board is looking into a secret $3-million payment that Chief Executive Officer Vince McMahon made to a female former employee., citing people familiar with the matter, described a secret $3-million payment McMahon made to a female former employee with whom he allegedly had an affair, as well as nondisclosure agreements with other employees.
The investigation is also looking into similar arrangements with John Laurinaitis, a former wrestler who manages talent relations for WWE.WWE’s board said Friday that it has engaged independent legal counsel to assist in the investigation and will work with a third party to conduct a review of the company’s compliance program, human resources function and overall culture.