Vince McMahon steps back from WWE CEO role amid alleged misconduct investigation; Stephanie McMahon takes over


In a shocking turn of events to rock the world of WWE, Vince McMahon has stepped back

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from his role as WWE CEO and Chairman of the Board,

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with Stephanie McMahon appointed as interim CEO and interim Chairman.

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This decision comes in lieu of an investigation underway into alleged misconduct

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by Vince McMahon and John Laurinaitis, Head of Talent Relations for WWE.

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WWE and its Board of Directors jointly released a statement, on June 17, on WWE's corporate website regarding Vince McMahon's alleged misconduct.

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They stated, "WWE (NYSE: WWE) and the Board of Directors today announced

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that a Special Committee of the Board is conducting an investigation into alleged misconduct

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by its Chairman and CEO Vincent McMahon and John Laurinaitis,

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