World Wrestling Entertainment Inc., in a regulatory filing submitted to the U.S. Securities and Exchange Commission (SEC) on Monday, disclosed $14.6 million in “Unrecorded Expenses” that could be related to the hush money payouts former CEO Vince McMahon allegedly made as previously reported by the Wall Street Journal. “The Company has made a preliminary determination that…
Vince McMahon Says He Is Retiring From WWE Amid Misconduct Probe
World Wrestling Entertainment (WWE) impresario Vince McMahon announced Friday he is retiring amid an investigation into alleged misconduct involving the showman who turned a small wrestling company into a worldwide entertainment business. In a brief statement issued by WWE, McMahon said he is retiring as the company’s chairman and CEO. He noted that he remains…
Vince McMahon Retiring as WWE Chairman and CEO Amid Misconduct Probe
World Wrestling Entertainment (WWE) impresario Vince McMahon announced Friday he is retiring amid an investigation into alleged misconduct involving the showman who turned a small wrestling company into a worldwide entertainment business. In a brief statement issued by WWE, McMahon said he is retiring as the company’s chairman and CEO. He noted that he remains…
WWE’s Vince McMahon Steps Back from CEO Role Amid Misconduct Probe
Vince McMahon, who founded World Wrestling Entertainment (WWE) and has helmed it for years, has now “voluntarily stepped back” from his role as the firm’s CEO and Chairman amid a probe into his alleged misconduct. The WWE board of directors made the announcement in a June 17 statement, which also noted that a special committee has…
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