Vince McMahon Retires as WWE Chairman and CEO
Breaking: WWE Founder and Chairman Vince McMahon Ends 40-Year Run
McMahon Steps Down Amidst Ongoing Investigation
In a stunning turn of events, Vince McMahon, the founder and longtime CEO of World Wrestling Entertainment (WWE), has announced his retirement. The 76-year-old McMahon made the announcement in a statement released Friday, July 22, 2022.
McMahon's retirement comes amidst an ongoing investigation into alleged misconduct within WWE. The investigation began in April 2022 after The Wall Street Journal reported that McMahon had paid $3 million to cover up an affair with a former employee.
In his statement, McMahon said that he believes it is "appropriate" for him to step down "at this time." He also said that he is proud of what WWE has accomplished over the past 40 years and that he is "confident" that the company will continue to be successful in the future.
McMahon's retirement is a major shakeup for WWE. He has been the face of the company for decades, and his departure will leave a major void. It is unclear at this time who will replace McMahon as WWE chairman and CEO.
Comments