HomeLatestWhy Did WWE Boss Vince McMahon Step Aside from CEO Role?

Why Did WWE Boss Vince McMahon Step Aside from CEO Role?

We have some major breaking news surrounding WWE and the Vince McMahon allegations.

Before Vince McMahon stepped in, the wrestling company appeared to be absolutely dull and uninterested.

Vincent Kennedy McMahon has been in charge of World Wrestling Entertainment since 1982, and it appears to have been a blessing for WWE fans.

For nearly two decades, the CEO embarked on a historic conquering of the pro wrestling industry that took him to where he ‘was’ 2 days ago. Yes, it was only 2 days ago.

Because that is no longer the situation after that. The CEO made an unexpected decision to quit his prominent position, which he had held for many years. But why is it the case? It’s for a very important reason, which you’ll learn more about further in this article.

Due To The Allegations Levelled Against Him, Vince McMahon Resigns As Ceo

The Ex-CEO has been accused of having sexual relations with a former female employee, with whom he also had an affair. The police are also looking into Vince McMahon’s payment of $3 million to the former employee.

Because he was a paralegal, it was most likely his own money. This may seem strange for him to pay his employee this much. And after speculations, it has been revealed, along with the shocking revelation that he paid her a hundred thousand dollars.

And after a while, he paid her 200 thousand dollars a year, dramatically increasing the money. Well, the allegations that she was passed around like a toy to John Laurenitis, which is also quite horrid.

So a lot to address, a lot to unpack, and lord knows a lot of these details will be changing and updating.

As Of Now Stephanie McMahon Is Serving As The Company’s CEO

For the time being, it appears that WWE will not suffer a significant loss, as Stephani McMahon, Vince’s daughter, will act as the new Ceo. Stephanie McMahon was always expected to come after his father, according to followers.

The majority of people expected to see her in place of her father’s position one day, but no one expected to see her under these circumstances.

Stephanie McMahon will now be in charge of her father’s business while her father is dealing with the claims.

Stephanie mentioned in a press release how vital it is for them to work in a secure atmosphere. And that she will assist the organization in any way she can.

“It is extremely important that we have a safe and collaborative workplace. I have committed to doing everything in my power to help the special committee complete its work, including marshaling the cooperation of the entire company to assist in the completion of the investigation and to implement its findings.”

Though the matter is becoming more complicated and has left fans wondering, Vince McMahon appears to be unconcerned. Because he is also attempting to fully assist with the investigators and inquiries.

As he said, “I have pledged my complete cooperation to the investigation by the special committee, and I will do everything possible to support the investigation. I have also pledged to accept the findings and outcome of the investigation, whatever they are.”

Is it true or just daily whispers, in your opinion? Who do you believe is better suited for the role of CEO of WWE? Don’t forget to let us know in the comments section below.

Ayman Bhorania
A Gamer And A Writer By Heart. Ayman Is Captivated By Movies & Shows, And She's Writing It Here. She Cherish Encouraging Everyone To Accomplish Their Goals. If She's Not Writing, You Will Find Her Watching Shows, Or Probably Playing Games!
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