WWE’s Vince McMahon Steps Back From CEO Role Amid Misconduct Probe

Vince McMahon, the public face of American wrestling, stepped aside as chief executive and chairman of World Wrestling Entertainment under pressure from disclosure of a board investigation into alleged misconduct.

The Wall Street Journal reported this week that the WWE board was investigating a secret $3 million settlement the longtime CEO agreed to pay to a departing employee with whom he allegedly had an affair, according to documents and people familiar with the board inquiry.

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