World Wrestling Entertainment CEO Vince McMahon reportedly paid more than $12 million to four women affiliated with WWE to settle sexual misconduct and ...
His daughter Stephanie McMahon was installed as interim CEO. On the heels of a Journal report in June that he paid a former WWE paralegal $3 million to keep her quiet about a relationship with him, McMahon had said he was stepping back from his role as CEO and chairman of Stamford, Connecticut-based company while the board's probe proceeded. Earlier this month, The Wall Street Journal reported that the married McMahon had paid more than $12 million to four women, all of who had been affiliated with the WWE, over the past 16 years to cover up claims of sexual misconduct and infidelity.
STAMFORD, Conn., July 22, 2022 – Vince McMahon today released the following statement: “As I approach 77 years old, I feel it's time for me to retire as ...
Forward-looking statements made by the Company speak only as of the date made and are subject to change without any obligation on the part of the Company to update or revise them. Forward-Looking Statements: This press release contains forward-looking statements pursuant to the safe harbor provisions of the Securities Litigation Reform Act of 1995, which are subject to various risks and uncertainties. I would like to thank my family for mightily contributing to our success, and I would also like to thank all of our past and present Superstars and employees for their dedication and passion for our brand. All other trademarks, logos and copyrights are the property of their respective owners. I am extremely confident in the continued success of WWE, and I leave our company in the capable hands of an extraordinary group of Superstars, employees, and executives – in particular, both Chairwoman and Co-CEO Stephanie McMahon and Co-CEO Nick Khan. As the majority shareholder, I will continue to support WWE in any way I can. My personal thanks to our community and business partners, shareholders, and Board of Directors for their guidance and support through the years.
Vince McMahon has announced his retirement from WWE ahead of his 77th birthday. McMahon has been a longtime chairman and CEO of World Wrestling ...
‘Most importantly, I would like to thank our fans for allowing us into your homes every week and being your choice of entertainment. News of his retirement follows reports that he agreed to pay over $12million (£9.98m) over the past 16 years to keep quiet about allegations of sexual misconduct and infidelity involving four women. ‘My personal thanks to our community and business partners, shareholders, and Board of Directors for their guidance and support through the years. The businessman continued that the global audience of WWE ‘can take comfort in knowing WWE will continue to entertain you with the same fervor, dedication, and passion as always.’ He added: ‘I would like to thank my family for mightily contributing to our success, and I would also like to thank all of our past and present Superstars and employees for their dedication and passion for our brand. The American star – who has faced allegations of sexual misconduct recently – announced the news in a statement that read: ‘As I approach 77 years old, I feel it’s time for me to retire as Chairman and CEO of WWE. Throughout the years, it’s been a privilege to help WWE bring you joy, inspire you, thrill you, surprise you, and always entertain you.’
"As I approach 77 years old, I feel it's time for me to retire as Chairman and CEO of WWE. Throughout the years, it's been a privilege to help WWE bring you joy ...
A further report from the WSJ then revealed McMahon had paid more than $12 million over the last 16 years to "suppress allegations of sexual misconduct and infidelity." I am extremely confident in the continued success of WWE, and I leave our company in the capable hands of an extraordinary group of Superstars, employees, and executives – in particular, both Chairwoman and Co-CEO Stephanie McMahon and Co-CEO Nick Khan. As the majority shareholder, I will continue to support WWE in any way I can. I would like to thank my family for mightily contributing to our success, and I would also like to thank all of our past and present Superstars and employees for their dedication and passion for our brand.
Wrestling promoter Vince McMahon, under investigation by his board for misconduct, said Friday he's retiring. The 76-year-old World Wrestling Entertainment ...
Vince McMahon, the former WWE chief executive, is retiring from the company, he said in a statement on Friday. The news follows an investigation into ...
"As the majority shareholder, I will continue to support WWE in any way I can." His lawyer told the Journal that "WWE did not pay any monies" to the former employee "on her departure." His daughter, Stephanie McMahon, and president Nick Khan will serve as co-CEOs.
Vince McMahon, WWE's chairman and CEO, announced his retirement Friday, following a sexual misconduct probe the company began in April.
Based on his real life, the persona was known for villainous storylines, most famously opposite Austin. McMahon was at the helm of WWE for decades, leading it to millions of viewers and more than $1 billion in revenue last year, a first for the company. That same month, Laurinaitis, a former wrestler whose ring name was Johnny Ace, was placed on administrative leave as a result of the allegations.
With his retirement, Vince McMahon has also stepped away from all involvement in WWE creative. There is no word on what the new creative team will look like.
Vince McMahon Announces Retirement From WWE With his retirement, Vince McMahon has also stepped away from all involvement in WWE creative. Report: Backstage News On Vince McMahon's WWE Retirement
The resignation comes one month after the pro wrestling magnate agreed to take a break from his role as CEO of WWE as the company investigated misconduct ...
Few CEOs are as closely associated with a product as McMahon is to pro wrestling. “Our global audience can take comfort in knowing WWE will continue to entertain you with the same fervor, dedication, and passion as always," according to the elder McMahon. "I am extremely confident in the continued success of WWE." Back on June 17, McMahon had surrendered his CEO role as the WWE board of directors appointed McMahon’s daughter, Stephanie McMahon, as interim CEO and chairwoman until the probe’s conclusion.
Vince McMahon has retired from his duties with WWE, the 77-year-old has announced on Twitter.The businessman has dominated the wrestling industry afte.
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(Warning: This story contains allegations of sexual misconduct.) Long-time WWE chairman and CEO Vince McMahon is retiring from the company.
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Vince McMahon, chief executive officer and chairman of World Wrestling Entertainment announced his retirement on Friday at the age of 77. In a tweet posted ...
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The move comes after reporting broke in June that the WWE board was investigating a secret $3 million settlement allegedly given by McMahon to a former WWE ...
I hold the deepest appreciation and admiration for our generations of fans all over the world who have liked, currently like, and sometimes even love our form of Sports Entertainment.” Start your Independent Premium subscription today. “I would like to thank my family for mightily contributing to our success, and I would also like to thank all of our past and present Superstars and employees for their dedication and passion for our brand.
Vince McMahon retires from WWE as Hall of Famers Ric Flair, Mick Foley, Brie Bella, John 'Bradshaw' Layfield and more lead tributes.
From Iraq, to Afghanistan, to the first group to visit the Twin Towers and all the charity work you have funded/supported-you also changed the world for the better. You’re the only promoter in my career that treated me like a man, respected who I was, and made me a better person. ‘I would like to thank my family for mightily contributing to our success, and I would also like to thank all of our past and present Superstars and employees for their dedication and passion for our brand. Responding to the news, Flair tweeted: ‘[Vince McMahon]. You’ve made my life better every day since I’ve been in the wrestling business. While John ‘Bradshaw’ Layfield said: ‘You changed the entire entertainment world and how we view that entertainment. Thank you for everything!
The most important person in the history of professional wrestling is handing over the reins. Vince McMahon is retiring as World Wrestling Entertainment ...
The feud helped WWE overtake WCW, the rival promotion that WWE later purchased. My personal thanks to our community and business partners, shareholders, and Board of Directors for their guidance and support through the years." But at the time, McMahon still kept his role as the head of WWE creative, and sources told ESPN that McMahon's stepping down was done for optics.
WWE fans boo Vince McMahon retirement as daughter Stephanie McMahon - now co-CEO and chairwoman - opens SmackDown on an historic night.
‘This is the WWE Universe, and we are eternally grateful for all of you. He thanked the WWE Universe.’ ‘I would like to thank my family for mightily contributing to our success, and I would also like to thank all of our past and present Superstars and employees for their dedication and passion for our brand. ‘My personal thanks to our community and business partners, shareholders, and Board of Directors for their guidance and support through the years. In a statement on Friday, Vince said: ‘As I approach 77 years old, I feel it’s time for me to retire as Chairman and CEO of WWE. Throughout the years, it’s been a privilege to help WWE bring you joy, inspire you, thrill you, surprise you, and always entertain you. ‘This is the company that he created, that he founded, and he wanted to make sure – in his retirement – that he thanked all of you.
McMahon, 77, had already stepped down from his role at WWE pending an investigation into allegations he paid women hush money after having affairs with ...
She told Intelligencer that McMahon told her not to fraternize with any of the wrestlers, warning her: 'Keep it clean. The woman was a paralegal with whom McMahon is said to have had an affair. She first made the allegation in 1992 but it has resurfaced amid new allegations of misconduct She was a wreck. In 1992, Rita Chatterton, now 64, the first female referee in the WWE, came forward to accuse McMahon of raping her in his limo in 1986. In 1992, Rita Chatterton, now 64, the first female referee in the WWE, came forward to accuse McMahon of raping her in his limo in 1986.
World Wrestling Entertainment (WWE) boss Vince McMahon, who turned the firm from a regional player to global giant, says he will retire amid a flurry of misconduct claims. He stepped down from his roles in WWE last month following reports he paid ...
But the organisation underwent a seismic change under his management, with events like WrestleMania, a live event featuring the sport's top stars, drawing in millions of viewers. He was replaced as acting CEO and chairperson by his daughter. Then. Now. Forever. Together."
Reports earlier this month said McMahon agreed to pay $12m to suppress allegations of sexual misconduct and infidelity.
McMahon stepped down temporarily as CEO and chair of WWE in mid-June during an investigation into alleged misconduct. McMahon has been the leader and most recognisable face of WWE for decades. In a brief statement issued by WWE, McMahon said he is retiring as the company’s chair and CEO. He remains its majority shareholder.
World Wrestling Entertainment (WWE) boss Vince McMahon, who turned the firm from a regional player to global giant, says he will retire amid a flurry of ...
But the organisation underwent a seismic change under his management, with events like WrestleMania, a live event featuring the sport's top stars, drawing in millions of viewers. He was replaced as acting CEO and chairperson by his daughter. Then. Now. Forever. Together."
McMahon led the wrestling entertainment company for almost four decades, transforming it into a billion dollar company. It emerged in June that he was under ...
WWE declined to comment on McMahon's retirement and did not respond to requests for comment about the misconduct investigation. "As the majority shareholder, I will continue to support WWE in any way I can." "As I approach 77 years old, I feel it's time for me to retire as chairman and CEO of WWE. Throughout the years, it's been a privilege to help WWE bring you joy, inspire you, thrill you, surprise you, and always entertain you," he said.