WWE Board Probes CEO Vince McMahon Secret Settlement Agreements

The World Wrestling Entertainment board is investigating longtime

Chairman/CEO Vince McMahon for previously undisclosed settlement

agreements with former employees. Those include a payoff of $3 million to a

female employee he allegedly had an affair with, according to a Wall Street Journal report.

McMahon is the majority shareholder of the publicly traded company’s Class B shares,

which grant him overwhelming voting power. Additionally, the board has various members of his family.

The board probe began in April, the WSJ report says.

The employee who received the $3 million settlement reportedly

had a consensual relationship with McMahon, who used personal funds for the payoff.