World Wrestling Entertainment CEO Vince McMahon resigned on Friday. The company reports this on its website.
He is the Chairman and Director and has a creative responsibility.
It was announced that his daughter Stephanie McMahon and Nick Kahn would share the position of director at the company.
This comes after several accusations of circumstances in the millions of sums for women to conceal adultery, inappropriate behavior and ill-treatment. Reports, among others CNN.
This led to an investigation by the WWE Board of Directors, and McMahon has taken a breather from the position since it began in June. Now he retires permanently.
“As I approach the age of 77, I feel it is time for me to step down as WWE Chairman and CEO,” McMahon told the company’s website.
The Wall Street Journal He was the first to report that the company’s board of directors was investigating McMahon for agreeing to pay $3 million to a former employee he allegedly cheated with.
One new report It came out in July, which presented evidence that McMahon paid more than $12 million to four women, including the same woman in the first case, to cover up “allegations of sexual harassment and infidelity.”
WWE is the largest promoter of wrestling or pro wrestling in the world. This is sports entertainment and matches are fixed in advance. The company produces two TV shows each week, as well as pay-per-view events.
The biggest event is Wrestlemania, which gets millions of viewers every year.