Vince McMahon has been entailed in a controversial matter, but despite this, he is backstage running creative at WWE SmackDown, PWInsider.com reports. This means that WWE interim CEO Stephanie McMahon has not removed him from WWE at this time. The Wall Street Journal recently unveiled that WWE is investigating a secret $3 million settlement paid to a former employee of Mr. McMahon. The probe has also scooped several claims of misconduct from former employees toward The Chairman and top executive John Laurinaitis. It is not known which member leaked the story. There are twelve people on the board. A video clip has also surfaced on the internet which shows Vince McMahon alleged of sexual assault.
WWE issues a memo to the employees
WWE recently issued a following memo to their employees as the news outlet published their second article on the matter. The Stamford-based company stated that the investigation is currently in progress and the allegations have been taken seriously :
“The Wall Street Journal has published a second story with expanded details on its initial WWE report last month. We want toreiterate that we and our Board of Directors take these allegations seriously. We’ve been cooperating fully with the investigation led by our Board of Directors and will continue to do so until its conclusion. Please note that upon its conclusion, WWE leadership will make itself available to answer any questions you may have.
Thank you.”
Vince has also stepped down from his positions of CEO and Chairman. WWE recently confirmed in a press release that Vince McMahon stepped down from the positions of Chairman and CEO. It was recently announced that the former WWE Chief Brand Officer Stephanie McMahon would taking up the duties as the interim WWE CEO And Chairwoman. Recently, in quite an interesting development from the Sports Business Journal, McMahon reached a settlement with former XFL commissioner Oliver Luck.
