Johnny Q -Z
@JohnnyQ
22 July, 07:51
🎤 Vince Kennedy McMahon Announces Retirement From WWE
McMahon’s retirement comes after it was announced in June that he would be stepping back from his roles as chairman and CEO of WWE amid an ongoing investigation into allegations that he paid out millions of dollars to multiple women to keep quiet about alleged affairs. The Wall Street Journal reported that McMahon ultimately paid a total of $12 million as part of the agreements.
“As I approach 77 years old, I feel it’s time for me to retire as Chairman and CEO of WWE,” McMahon said in a statement released by the sports entertainment company.
McMahon went on to say in his statement that his daughter Stephanie McMahon and WWE president Nick Khan would serve as co-CEOs upon his departure, with Stephanie also serving as chairwoman.
McMahon’s retirement comes after it was announced in June that he would be stepping back from his roles as chairman and CEO of WWE amid an ongoing investigation into allegations that he paid out millions of dollars to multiple women to keep quiet about alleged affairs. The Wall Street Journal reported that McMahon ultimately paid a total of $12 million as part of the agreements.
“As I approach 77 years old, I feel it’s time for me to retire as Chairman and CEO of WWE,” McMahon said in a statement released by the sports entertainment company.
McMahon went on to say in his statement that his daughter Stephanie McMahon and WWE president Nick Khan would serve as co-CEOs upon his departure, with Stephanie also serving as chairwoman.
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