Vince Kennedy McMahon is an American professional wrestling promoter, executive, and media proprietor. He is currently serving as the chairman and chief executive officer of WWE, the largest professional wrestling promotion in the world. He is also the founder and owner of Alpha Entertainment.
Vince Mcmahon: Hush money| Affair| Scandal
Hush money:
The board’s eight independent directors have retained New York-based law firm Simpson Thacher & Bartlett LLP to conduct the investigation, one of the people said.
The board’s preliminary findings are that Mr. McMahon used personal funds to pay the former female employees who signed the agreements, including the one involving allegations against Mr. Laurinaitis, this person said.
More broadly, the law firm also is assessing WWE’s compliance and human-resources programs and company culture, the person said.
Affair:
An investigation by the WWE board of directors has uncovered a secret $3 million settlement paid out by chairman and CEO Vince McMahon to hide an affair with a former employee, according to the Wall Street Journal’s Joe Palazzolo and Ted Mann.
The employee in question was reportedly hired as a paralegal in 2019 and eventually left after signing a separation agreement this January barring her from discussing the relationship.
The WWE board is now investigating the agreement, which was signed in January 2022, the Wall Street Journal reported.
Scandal:
A WWE spokesperson reportedly told the Journal the company is fully cooperating with the investigation and McMahon’s relationship with the paralegal was consensual.
McDevitt, McMahon’s attorney, said the paralegal had made no claims of harassment against McMahon and the WWE paid no money to her “on her departure.”
McMahon, who has helmed the WWE since 1982, is married to Linda McMahon, who was the company’s CEO before pursuing a U.S. Senate seat and later becoming the head of the Small Business Administration under former President Donald Trump.
