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 its majority shareholder.
McMahon stepped down temporarily as CEO and chairman of WWE in mid-June during an investigation into alleged misconduct. Earlier this month, the Wall Street Journal reported McMahon agreed to pay more than $12 million over the past 16 years to suppress allegations of sexual misconduct and infidelity….