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Amid allegations of misconduct involving a $3 million "hush pact" with a former employee, WWE Chairman and CEO Vince McMahon voluntarily relinquishes his executive positions. WWE's Board of Directors initiates an investigation into the matter. Vince's daughter, Stephanie McMahon, assumes the role of interim CEO and Chairwoman. While Vince continues his involvement in WWE creative content, the company undergoes a transitional period as it addresses the allegations and works towards ensuring appropriate governance and accountability.
Thursday, 16 June, 2022