Vince McMahon has “voluntarily stepped back” from his duties as CEO and chairman of WWE, the world’s biggest wrestling company.
Vince McMahon purchased what he transformed into World Wrestling Entertainment from his father, longtime wrestling promoter Vincent J. McMahon, in the summer of 1982.
The announcement from WWE and its board of directors came days after a Wall Street Journal report revealed that the company was investigating McMahon over allegations of misconduct.
(McMahon attorney told the Journal that there were no harassment claims against McMahon, and that any payments to employees had been made with his personal money, not the company’s.)
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