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 Posted: Fri Jun 17th, 2022 01:04 pm
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lobo316
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(Bloomberg) -- World Wrestling Entertainment Inc. said Chief Executive Officer Vince McMahon will step back from his duties while the board investigates allegations of misconduct by him and another executive.
McMahon, who is also chairman, will retain his responsibilities related to the company’s creative content during the period, according to a statement Friday. Stephanie McMahon was appointed by a special board committee to serve as interim CEO and interim chairwoman.
“I have pledged my complete cooperation to the investigation by the special committee, and I will do everything possible to support the investigation,” Vince McMahon said in the statement. “I have also pledged to accept the findings and outcome of the investigation, whatever they are.”
The move comes several days after a Wall Street Journal report, citing people familiar with the matter, described a secret $3 million payment McMahon made to a female former employee with whom he allegedly had an affair, as well as non-disclosure agreements with other employees. The investigation is also looking into similar arrangements with John Laurinaitis, a former wrestler who manages talent relations for WWE.
WWE’s board said Friday that it has engaged independent legal counsel to assist in the investigation and will work with a third-party to conduct a review of the company’s compliance program, human-resources function and overall culture.

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 Posted: Fri Jun 17th, 2022 01:21 pm
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“I have also pledged to accept the findings and outcome of the investigation, whatever they are.”

WOW



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 Posted: Fri Jun 17th, 2022 01:25 pm
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beejmi
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Vince has stepped down, temporarily at least

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 Posted: Fri Jun 17th, 2022 01:37 pm
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Can Johnny Ace be far behind? Or will Stephanie have to remove him. And what is the relationship between Stephanie Mc Mahon and Bruce Prichard, are they at least cordial to each other or is Bruce going to have more time for podcasts?



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 Posted: Fri Jun 17th, 2022 01:38 pm
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srossi
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BitterOldMan wrote: Can Johnny Ace be far behind? Or will Stephanie have to remove him. And what is the relationship between Stephanie Mc Mahon and Bruce Prichard, are they at least cordial to each other or is Bruce going to have more time for podcasts?
Everyone will be gone in due time, but it won't be Stephanie's decision.



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 Posted: Fri Jun 17th, 2022 01:51 pm
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Mr. McMahon will appear on SmackDown tonight at 8 PM ET live on FOX.



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 Posted: Fri Jun 17th, 2022 01:59 pm
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srossi
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bpickering wrote: WWE

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Mr. McMahon will appear on SmackDown tonight at 8 PM ET live on FOX.

Well I was not expecting that.  Not a whole lot to say at this point, not unless he's just throwing in the towel and retiring...



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 Posted: Fri Jun 17th, 2022 02:04 pm
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srossi wrote: bpickering wrote: WWE

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Mr. McMahon will appear on SmackDown tonight at 8 PM ET live on FOX.

Well I was not expecting that.  Not a whole lot to say at this point, not unless he's just throwing in the towel and retiring...

This is going to result is a very bizarre "Thank you Vince" moment for a guy who is being ousted for being unable to control his Johnson.

EDIT: Unless it's a pre-tape, which it probably will.

Last edited on Fri Jun 17th, 2022 02:05 pm by Kriss



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 Posted: Fri Jun 17th, 2022 02:06 pm
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srossi
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Kriss wrote: srossi wrote: bpickering wrote: WWE

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Mr. McMahon will appear on SmackDown tonight at 8 PM ET live on FOX.

Well I was not expecting that.  Not a whole lot to say at this point, not unless he's just throwing in the towel and retiring...

This is going to result is a very bizarre "Thank you Vince" moment for a guy who is being ousted for being unable to control his Johnson.

I mean there may be some very minor corporate malfeasance here, but he really didn't do much wrong.  He's separated from his wife so he didn't even cheat on her, there was no force alleged, he paid her using his personal funds - they really only have him on 2 counts which are that he had a relationship with an underling that wasn't reported and he's a rich white guy in 2022.  Even from the highest of horses, the only satisfaction one can take from this is that he probably did 100 times worse throughout the '80s that he was never caught for.



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 Posted: Fri Jun 17th, 2022 02:13 pm
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Kriss
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srossi wrote: Kriss wrote: srossi wrote: bpickering wrote: WWE

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Mr. McMahon will appear on SmackDown tonight at 8 PM ET live on FOX.

Well I was not expecting that.  Not a whole lot to say at this point, not unless he's just throwing in the towel and retiring...

This is going to result is a very bizarre "Thank you Vince" moment for a guy who is being ousted for being unable to control his Johnson.

I mean there may be some very minor corporate malfeasance here, but he really didn't do much wrong.  He's separated from his wife so he didn't even cheat on her, there was no force alleged, he paid her using his personal funds - they really only have him on 2 counts which are that he had a relationship with an underling that wasn't reported and he's a rich white guy in 2022.  Even from the highest of horses, the only satisfaction one can take from this is that he probably did 100 times worse throughout the '80s that he was never caught for.

There's more to it that that. The big one that we know if the that he gave her a pay bump from $100,000 to $200,000 when they started their relationship. That's company money. Also the part about her being given to Johnny Ace "like a toy" and moving from the legal department to being Ace's assistant isn't a good look. Also, this is the only one we know any details about, but the board did uncover other NDAs relating to relationships between Vince and staff that we don't yet have details of.



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 Posted: Fri Jun 17th, 2022 02:14 pm
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beejmi
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Love this angle

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 Posted: Fri Jun 17th, 2022 02:19 pm
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srossi
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Kriss wrote: srossi wrote: Kriss wrote: srossi wrote: bpickering wrote: WWE

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Mr. McMahon will appear on SmackDown tonight at 8 PM ET live on FOX.

Well I was not expecting that.  Not a whole lot to say at this point, not unless he's just throwing in the towel and retiring...

This is going to result is a very bizarre "Thank you Vince" moment for a guy who is being ousted for being unable to control his Johnson.

I mean there may be some very minor corporate malfeasance here, but he really didn't do much wrong.  He's separated from his wife so he didn't even cheat on her, there was no force alleged, he paid her using his personal funds - they really only have him on 2 counts which are that he had a relationship with an underling that wasn't reported and he's a rich white guy in 2022.  Even from the highest of horses, the only satisfaction one can take from this is that he probably did 100 times worse throughout the '80s that he was never caught for.

There's more to it that that. The big one that we know if the that he gave her a pay bump from $100,000 to $200,000 when they started their relationship. That's company money. Also the part about her being given to Johnny Ace "like a toy" and moving from the legal department to being Ace's assistant isn't a good look. Also, this is the only one we know any details about, but the board did uncover other NDAs relating to relationships between Vince and staff that we don't yet have details of.

The Johnny Ace stuff I don't care much about.  "Like a toy" is a nice phrase to get people mad, but what does it even mean?  It sounds like she was given a raise and a better job due to her affair with Vince, which may or may not have also included an affair with Ace.  Rather than being held down as women always complain about, she was whoring her way to the top and benefiting greatly.  The extra $100,000 in salary is obviously a corporate concern, but is a drop in the bucket compared to WWE's earnings.  I'm not sure how a paralegal was making $100,000 in the first place even before the raise. 

Look, he's fucked.  You can't do shit like this these days, we all know that.  And more may come out that is a lot worse.  I'm just not going to clutch my pearls over it.  What's been revealed so far doesn't amount to much, but is more than enough to get everyone outraged for a news cycle and to take down a rich guy, and that's the important thing.  I'm just saying that Vince has certainly done worse back in the day that was never reported, although they may come out of the woodwork now.  I wouldn't be surprised if three dozen women come forward in the next week about every wink he ever directed at them dating back to the trailer park in NC.  And some of it will likely be a lot more serious than that.  I'm just finding it difficult to be captivated by this particular story.



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 Posted: Fri Jun 17th, 2022 02:24 pm
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I'm waiting for a guy to come out of the woodwork. If any of the rumor and innuendo is true...



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 Posted: Fri Jun 17th, 2022 02:26 pm
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The story I read this morning said he’s stepping down as CEO but “maintaining or continuing his day-to-day duties in WWE creative.” Meaning he’s still running tv and writing and all of that. This blows me away.



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 Posted: Fri Jun 17th, 2022 02:27 pm
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Blazer wrote: The story I read this morning said he’s stepping down as CEO but “maintaining or continuing his day-to-day duties in WWE creative.” Meaning he’s still running tv and writing and all of that. This blows me away.
We'll see how long that lasts.  Maybe just through tonight.



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