Vince McMahon Steps Down as WWE CEO, Misconduct Allegations

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Vince McMahon made an look on this week’s Friday Evening SmackDown on Fox, simply hours after stepping down as CEO of WWE (World Wrestling Leisure) within the wake of misconduct allegations.

“It’s a privilege as at all times to face earlier than you, the WWE Universe, particularly to face earlier than you on this ring in Minnesota,” McMahon stated from the ring, on the high of this Friday’s occasion (watch video under). “I’m right here merely to remind you of the 4 phrases we simply noticed in what we name the WWE Signature. These 4 phrases are Then, Now, Perpetually, and crucial phrase is Collectively. Welcome to SmackDown!”

McMahon has stepped away from the enterprise facet of the WWE whereas an investigation is carried out right into a secret cost — of $3 million, to a departing worker with whom he allegedly had an affair — made to cowl up sexual misconduct, it was introduced Friday morning.

McMahon, who has led the corporate for 40 years after taking on for his father, will nonetheless be in control of the WWE’s inventive output, ergo his inscrutable SmackDown look.

In a press release launched Friday morning, McMahon stated, “I’ve pledged my full cooperation to the investigation by the Particular Committee, and I’ll do the whole lot attainable to assist the investigation. I’ve additionally pledged to simply accept the findings and end result of the investigation, no matter they’re.”

Chief Model Officer Stephanie McMahon is taking on as CEO throughout her father’s absence.