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.