Vince McMahon Steps Down As WWE CEO 


World Wrestling Entertainment CEO Vince McMahon is stepping aside away from the business side of the wrestling company.

While an investigation is conducted into an alleged hush-money payment to cover up sexual misconduct, the WWE and its board of directors announced Friday.

McMahon had run the company for 40 years after taking over for his father in 1982.

When it was known as the World Wrestling Federation.

During the investigation, he will still maintain control of the WWE's creative output,

Moreover, the company announced he would appear on Friday night's episode of SmackDown.

"I have pledged my complete cooperation to the investigation by the Special Committee, and I will do everything possible to support the investigation."

"I have also pledged to accept the findings and outcome of the investigation, whatever they are," McMahon said in the company's statement.

The Wall Street Journal reported Wednesday that the board was investigating a $3 million payout made to a woman.

To cover up an alleged consensual affair between a WWE paralegal and McMahon,

Who has faced accusations of sexual misconduct in the past

The newspaper reported that the board's investigation uncovered several other nondisclosure agreements.

About other misconduct claims against McMahon and Head of Talent Relations John Laurinaitis by women who worked for WWE.

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