Former WWE boss Vince McMahon paid greater than $12 million to 4 ladies to cowl up ‘allegations of sexual misconduct and infidelity’ – CBS Sacramento
(CNN) – Former WWE boss Vince McMahon paid more than $12 million to four women to cover up “allegations of sexual misconduct and infidelity,” according to a Wall Street Journal report.
The women, all associated with WWE, signed agreements with McMahon that “prohibit them from discussing potential legal claims against, or their relationships with, the 76-year-old executive.”
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The report on hush money, which the Journal says has been paid for 16 years, is the latest in a corporate firestorm for McMahon.
Last month, another report in the Journal said the company’s board of directors was investigating McMahon for agreeing to pay a secret $3 million settlement to a former employee with whom he was allegedly having an affair. This woman is one of four mentioned in the new report.
The longtime WWE boss has agreed to step down from his role as chairman and CEO while the investigation continues.
WWE did not immediately respond to CNN’s request for comment on this story.
“I have pledged my full cooperation with the Special Committee’s inquiry and will do everything I can to assist the inquiry,” McMahon said in a statement last month. “I have also pledged to accept the findings and findings of the investigation, whatever they may be.”
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McMahon’s daughter, Stephanie, serves as interim CEO and chair.
Yet McMahon has not shied away from the spotlight: not only has he maintained his contribution to WWE creative content, but he has maintained his in-ring persona as well. The company said last month that McMahon would continue to appear as its character during the games while the investigation continues.
In fact, McMahon didn’t wait long to re-enter the ring. Just days after the initial report, McMahon appeared on the company’s wrestling television show “Smackdown” and told audiences he was there to remind them of the four words that make up the “WWE Signature.”
“These four words are ‘then’, ‘now’, ‘forever’ and the most important word is ‘together,'” he said. “Welcome to SmackDown!” McMahon then exited the ring to the tune of his theme song, “No Chance in Hell.”
— Jordan Valinsky of CNN Business contributed to this report.
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