Report: Vince McMahon Investigated by WWE Board over $3M Settlement Payment [View all]

Original report: WWE Board Probes Secret $3 Million Hush Pact by CEO Vince McMahon, Sources Say (Wall Street Journal)

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Source: Bleacher Report

Report: Vince McMahon Investigated by WWE Board over $3M Settlement Payment

JOSEPH ZUCKER
JUNE 15, 2022

WWE chairman Vince McMahon is under investigation by the company's board regarding a reported $3 million settlement he agreed to pay to a former employee with whom he allegedly had an affair, according to the Wall Street Journal's Joe Palazzolo and Ted Mann.

Per the WSJ report:

"The board’s investigation, which began in April, has unearthed other, older nondisclosure agreements involving claims by former female WWE employees of misconduct by Mr. McMahon and one of his top executives, John Laurinaitis, the head of talent relations at WWE, the people said. The Journal couldn’t determine how many previous agreements were being scrutinized."

A spokesman for WWE told Palazzolo and Mann the company "is cooperating fully with the board inquiry and that the relationship with the ex-paralegal was consensual."

Palazzolo and Mann reported members of WWE's board received anonymous emails detailing the $3 million payment, which was allegedly paid for by McMahon with his personal funds.

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Read more: https://bleacherreport.com/articles/10038843-report-vince-mcmahon-investigated-by-wwe-board-over-3m-settlement-payment