Vince McMahon

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.

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.

In a WWE news release, the 76-year-old McMahon further announced that his daughter, Stephanie, and current WWE president Nick Khan will be taking over as co- ...

The feud helped WWE overtake WCW, the rival promotion that WWE later purchased. The newspaper reported that the board was investigating $12 million given to four former WWE employees or contractors to silence allegations about McMahon's sexual misconduct. "As the majority shareholder, I will continue to support WWE in any way I can. However, on June 17, McMahon stepped down from his role as chairman and CEO in the wake of a Wall Street Journal report that revealed a WWE board investigation into a secret $3 million settlement given by McMahon to a former WWE paralegal. It was also announced by WWE on Friday that McMahon's son-in-law and Stephanie's husband, Paul "Triple H" Levesque, was returning to the company as head of talent relations, though it was immediately unclear if that is related to McMahon retiring. "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.

"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 ...

My personal thanks to our community and business partners, shareholders, and Board of Directors for their guidance and support through the years. 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. "I have also pledged to accept the findings and outcome of the investigation, whatever they are."

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.

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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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.

The company's leader for 40 years, he was under scrutiny after a report of a $3 million settlement with an employee.

Based in Stamford, Conn., the company reported more than $1 billion in revenue for 2021. The Journal also reported that the board’s investigation had unearthed older nondisclosure agreements involving claims of misconduct against Mr. McMahon and another executive. A representative for W.W.E., asked why Mr. McMahon was retiring, provided a link to Mr. McMahon’s statement, in which he mentioned his age. “As the majority shareholder, I will continue to support W.W.E. in any way I can,” he said in a statement published on W.W.E.’s website. A lawyer for Mr. McMahon told The Journal that the former employee had not made claims of harassment against him, and said that “W.W.E. did not pay any monies” to the former employee “on her departure.” In a Twitter post on Friday, Mr. McMahon wrote, “At 77, time for me to retire.”

“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 ...

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.

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.