Vince McMahon, WWE's chairman and CEO, announced his retirement Friday, following a sexual misconduct probe the company began in April.
from his responsibilities as CEO and chairman in June pending the conclusion of the investigation. That same month, Laurinaitis, a former wrestler whose ring name was Johnny Ace, was placed on administrative leave as a result of the allegations.
McMahon comes from a line of wrestling promoters, dating back to his grandfather. In 1982, he bought the company, then called the World Wrestling Federation, from his father, Vincent J. McMahon. In the early 1990s, McMahon was indicted by the Justice Department on several charges, including conspiring to distribute steroids, possession of illegal steroids with intent to distribute and embezzlement of funds to purchase steroids. McMahon was acquitted of all the charges in 1994.His on-screen character, Mr. McMahon was known as one of the most evil and twisted characters on the company’s programming.
Ireland Latest News, Ireland Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
WWE CEO Vince McMahon Retires As Board Probes Hush Money in Affair With Former EmployeeA month after he announced he was temporarily stepping down from his post amid a misconduct probe, Vince McMahon is throwing in the towel for good as WWE CEO.
Read more »
Vince McMahon retires: WWE CEO says he’s stepping downThe longtime chairman of World Wrestling Entertainment said in a tweet Friday afternoon that it is 'time for me to retire' at 77 years old
Read more »
WWE CEO Vince McMahon retiresVince McMahon announced his retirement from World Wrestling Entertainment Inc. on Friday, officially leaving the company that he built into the world's most...
Read more »
Vince McMahon retires from WWE amid hush money investigationMcMahon has been a major part of the WWE for decades. The news follows an investigation into McMahon paying millions in hush money to cover up alleged infidelity and misconduct with multiple women.
Read more »
Vince McMahon announces retirement from WWE amid misconduct investigationThe resignation comes one month after the pro wrestling magnate agreed to take a break from his role as CEO of WWE as the company investigated misconduct claims.
Read more »
Vince McMahon retires from WWE amid hush money investigationBREAKING: World Wrestling Entertainment chairman and CEO Vince McMahon announced Friday that he would be stepping down permanently from the company.
Read more »