Vince McMahonwho stepped aside as CEO of WWE Last month, $12 million was paid to four separate women, pending the results of an investigation into alleged misconduct. a new report In wall street journal,
The amount and scope of the payoff is much larger than what is already known. Stephanie McMahon, Vince’s daughter and longtime executive at the company, has assumed the position of CEO on an interim basis in recent weeks. During investigation by a special committee Company’s Board of Directors.
WWE’s head of talent relations, John Laurinitis, is also the subject of a board investigation.
Among the newly reported settlements was a $7.5 million payment to a former wrestler who said Vince McMahon forced her to give oral sex and then demoted her. In 2005, he decided not to renew his contract after resisting further sexual encounters. magazine Said citing unnamed sources.
According to the report, other payments took place in 2006 and 2008, and they were related to unwanted nude photos and a case that the CEO was trying to keep quiet.
magazine previously revealed a $3 million settlement between Vince McMahon and a former WWE paralegal with whom she allegedly had an affair.
A company representative did not immediately respond to Deadline’s request for comment on the report.
McMahon has been a hallmark of WWE for decades, overseeing its business operations and performing in the ring under the name “Mr. McMahon. He has not surrendered his oversight of constructive matters during the course of the investigation and has presented several times on prime-time WWE telecasts amid executive turmoil. WWE has lucrative US rights deals with Fox and NBCUniversal, and last year agreed to move its stand-alone WWE Network streaming service to NBCU’s Peacock in a $1 billion deal.
WWE shares have been flat since the allegations against Vince McMahon came to light. They slipped almost 1% to $64.22 in mid-day trading today.