As a special investigation continues into allegations against Vince McMahon and John Laurinaitis, Stephanie McMahon named interim CEO and Chairwoman.
“WWE and the Board of Directors today announced that a Special Committee of the Board is conducting an investigation into alleged misconduct by its Chairman and CEO Vincent McMahon and John Laurinaitis, head of talent relations and that, effective immediately, McMahon has voluntarily stepped back from his responsibilities as CEO and Chairman of the board until the conclusion of the investigation. “I have also pledged to accept the findings and outcome of the investigation, whatever they are.” Stephanie McMahon will replace him, as she is named interim CEO and interim Chairwoman.
Vince McMahon has stepped down as Chairman and CEO of WWE and Stephanie McMahon has been named Chairwoman and CEO of the wrestling giant following news of ...
Ms. McMahon said in her own personal statement, “I love this company and am committed to working with the Independent Directors to strengthen our culture and our Company; it is extremely important to me that we have a safe and collaborative workplace. WSJ would add in relation to the alleged $3 million settlement, “The first email, sent to board members on March 30, alleged that Mr. McMahon, 76 years old, initially hired the woman at a salary of $100,000 but increased it to $200,000 after beginning a sexual relationship with her. The investigation would go on to discover other, older nondisclosure agreements pertaining to former female WWE employees and alleged misconduct by Mr. McMahon and Laurinaitis. I have also pledged to accept the findings and outcome of the investigation, whatever they are.” McMahon will retain his role and responsibilities related to WWE’s creative content during this period and remains committed to cooperating with the review underway. In addition, the Special Committee and WWE will work with an independent third-party to conduct a comprehensive review of the company’s compliance program, HR function and overall culture.
In his place, Stephanie McMahon, Vince's daughter, will take his spot as interim CEO and interim chairwoman despite taking an “extended leave of absence” as a ...
Vince’s iron-clad control of his company for decades now, even through scandal after scandal, is virtually unprecedented in the business landscape, and any meaningful change in leadership at the top of the company will undoubtedly be messy. Now, diehard fans of WWE and their behind the scenes antics will undoubtedly know the name Nick Khan. Khan, no relation to AEW owner Tony Khan, is the current President & Chief Revenue Officer, rising to a very prominent position in the company when it comes to decision-making. Well, she announced her leave of absence on May 19th and was weirdly dragged for her job performances internally, but according to Meltzer, that was done largely to save face and the company’s standings in the stock market. John Laurinaitis, the head of talent relations who was also included in many of the allegations thrown McMahon’s way remains currently employed by the company, but many, including Meltzer, believe that he is a likely out whenever the current investigation comes to an end. Despite stepping down from his role as CEO and chairman, Vince McMahon isn’t completely leaving WWE in the rearview mirror. In the days since the Wall Street Journal reported on Vince McMahon’s $3 million hush-money payment to a former employee, seemingly the entirety of the WWE Universe has been thrown out of wack.
Five things to know about Stephanie McMahon, the interim WWE chairwoman and CEO while Vince McMahon is investigated for 'alleged misconduct'
Last month, Stephanie McMahon announced that she was taking a leave of absence from her WWE responsibilities as chief brand officer, citing her family. She and Triple H have even occasionally competed as a couple at WWE events throughout the careers. Stephanie McMahon has been married to WWE wrestler Paul “Triple H” Levesque since 2003. The tradition traces back to her great-grandfather Roderick “Jess” McMahon, grandfather Vincent J. McMahon, as well as her father, Vince K. McMahon WWE shares were trading just above $62 the day she was named the interim CEO on Friday, June 17. “I love @WWE and all it continues to do to entertain billions around the world.”
As of now, Stephanie McMahon is the Interim WWE CEO and that is terrific to some stars on the talent roster.
While Vince stepped back from his roles as CEO and Chairman, he still will hold the reigns of creative. The unnamed talent was also optimistic about the idea that women will be treated better and receive the same level of compensation in comparison to men. Stephanie McMahon is the Interim WWE CEO and that is apparently terrific news to some on the talent roster.
Stamford-headquartered WWE has announced that Vince McMahon has “voluntarily stepped back from his responsibilities as CEO and chairman” while an ...
I have also pledged to accept the findings and outcome of the investigation, whatever they are.” “I love this company and am committed to working with the independent directors to strengthen our culture and our company,” said Stephanie McMahon in a statement issued this morning by WWE. “It is extremely important to me that we have a safe and collaborative workplace. Last month, Stephanie McMahon announced she was taking an indefinite leave of absence from the company to focus on her family.