WWE boss Vince McMahon to step back from CEO duties

Google Images

WWE Chairman and CEO Vince McMahon is stepping back from his duties while the company's board of directors investigates allegations of wrongdoing by the CEO.

Google Images

The announcement comes shortly after The Wall Street Journal revealed that the WWE board was investigating the $3 million hush money by McMahon to one of his former employees in connection with an alleged sexual affair.

Getty Image

Stephanie McMahon, McMahon's daughter is set to take the chairmanship in interim and CEO.

Google Images

The WWE board was informed of McMahon's $3 million contract after receiving several anonymous emails from an individual

Google Images

who claimed to be a close friend to the person who was in an alleged affair to McClain, WWE chief, as reported by the Journal.

Google Images

The emails claimed that McMahon hired the woman to be an assistant lawyer with a salary of $100,000, and then increased her salary to $200,000 once they had begun an intimate relationship

Google Images

McMahon was also reported to have "gave her like a toy" to Laurinaitis according to the emails stated.

Google Images

"My friend was so scared so she quit after Vince McMahon and lawyer Jerry paid her millions of dollars to shut up," the person who wrote the first email, according to reports, wrote.

Google Images

The email seems to be referring towards Jerry McDevitt, who works as McMahon's attorney . He has not responded to requests to comment in the Post.

Google Images

McDevitt wrote in an email addressed to Journal that the former paralegal hadn't claimed McMahon of harassing her and said McDevitt also stated that "WWE did not pay any monies" to the employee who quit "on her departure."

Google Images

The board is reported to have concluded that McMahon made use of his personal funds to pay former employees who had signed the contracts.

Google Images

McMahon is married to Linda McMahon, who co-founded WWE along with her husband. They also was the manager for the Small Business Administration under President Donald Trump.

Google Images