WWE board opens inquiry into CEO Vince McMahon

Charlemagne

Holy Roman Emperor
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Charlemagne

Holy Roman Emperor
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Charlemagne

Holy Roman Emperor
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Charlemagne

Holy Roman Emperor
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Charlemagne

Holy Roman Emperor
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CeeJay

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Kurt Angle doesn’t think Vince McMahon is really retired


Since Vince McMahon resigned from WWE amidst internal & external investigations into NDAs, hush money, and other financial questions, every report we’re received indicates the long-time CEO, Chairman & head of creative no longer has any role in the company’s day-to-day operations. But current and former WWE wrestlers have expressed doubts. Add Kurt Angle to that list. Our Olympic hero was on Cafe Dr Rene podcast last week, and told Rene Dupree:

“I personally don’t think he’s fully retired. You know Vince, he’s gonna be behind-the-scenes [laughs]. Vince is not letting go of that company, he will not let it go until his hands are dead cold and they pry it out of his cold, dead hands. He’s not letting go of that company until he dies. And that’s just it.” “And you know, I’m not trying to cause any problems for WWE or for Vince McMahon, because I love Vince to death. But there is no way he is going to let it go. He already set up, you know, Stephanie [McMahon] being in charge and Triple H being in charge of talent relations. He’s got everybody in the right positions so that he could continue to run the show.”

Dupree, who wrestled for Vince in the aughts, agreed. Do you?

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CeeJay

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Vince McMahon Misconduct Investigation ‘Substantially Complete,’ WWE Says


WWE said its board’s investigation into alleged misconduct by ex-CEO and chairman Vince McMahon is “substantially complete.” The company restated earnings going back to 2019 to account for personal payments McMahon made during his tenure, including $14.6 million allegedly to women in return for their silence about affairs and other misconduct. However, the McMahon investigation may continue to have a financial impact, WWE said in regulatory filings. “While we currently anticipate spending approximately $10 million during the remainder of the year related to this investigation, the related costs could exceed this estimate,” the wrestling entertainment company said in its 10-Q filing for the second quarter of 2022. As previously disclosed, WWE also has “received, and may receive in the future, regulatory, investigative and enforcement inquiries, subpoenas or demands arising from, related to, or in connection with these matters,” the company said.


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MODMAN

Active Member
When Vince makes his surprise comeback it's going to be spectacular.

I FOOLED YOU AUSTIN! I FOOLED YOU ALL!
 

CeeJay

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Report: Vince McMahon Paid Donald Trump's Charity $5M; Wasn't Reported as WWE Expense


Former WWE Chairman and CEO Vince McMahon paid a total of $5 million to the now-dissolved Donald J. Trump Foundation in 2007 and 2009, per Joe Pals solo and Ted Mann of the Wall Street Journal. That money reportedly served as a portion of the $19.6 million in unrecorded company expenses that McMahon should have disclosed, per an SEC filing. According to Todd Spamgler of Variety in July, WWE stated in an SEC filing that it planned to revise financial statements dating back to 2019 to account for $14.6 million in previously unrecorded expenses. As noted by the Wall Street Journal, the bulk of those payments were in response to allegations of sexual misconduct against McMahon and another WWE executive.

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CeeJay

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Investigation into Vince McMahon's hush money payments reportedly turns up Trump charity donations


Even after Vince McMahon, the former WWE chief executive, retired from the company amid an investigation into his hush money payments to women, news of additional payments is still coming out. The latest revelation involves former president Donald Trump.The Wall Street Journal reported Wednesday that $5 million of McMahon's $19.6 million in unrecorded company expenses went to Trump's charity, the Donald J. Trump Foundation, in 2007 and 2009. The payments were made in years when Trump — who was a reality TV star on NBC's "The Apprentice" at the time — made appearances at WWE events, including 2007's WrestleMania 23 and WWE's Monday night showcase "Raw," in 2009. The Wall Street Journal reported that the $5 million went to Trump's charity. A person who reviewed Trump's 2007 WrestleMania contract told the Journal that "Mr. Trump directed Mr. McMahon to send a $4 million appearance fee to Mr. Trump's charity."

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CeeJay

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WWE: Triple H remains keen on one of Vince McMahon's favourites


With Vince McMahon now out of WWE following his retirement and Triple H taking over as Head of Creative, we’ve seen a big difference in how some of the talent has been booked. For example, the likes of Gunther and Ciampa have picked up big wins over the last couple of weeks and been showcased in ways that they likely wouldn’t have under McMahon. However, it seems like some of the people that Vince really liked are still going to be pushed despite the major leadership changes going on in WWE right now.

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CeeJay

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Vince McMahon spotted for first time since retiring from WWE after ‘hush money’ scandal


McMahon, who retired from his role as CEO and chairman of WWE in July amid the revelation that he paid $15 million in hush money to several former company employees, was spotted in New York City for the first time since stepping down. McMahon, who blocked his face from being fully photographed — was joined by a mystery woman, WWE legend John Cena and Cena’s wife Shay Shariatzadeh at the Waverly Inn. It was groundbreaking news in the pro wrestling business when McMahon stepped down from his post, which he’d held since 1982 after purchasing the company from his father. McMahon lorded over every aspect of WWE, from the creative storytelling to the financials, as he transformed the company from being a regional wrestling territory to a publicly traded international conglomerate worth billions.


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Former WWE CEO Vince McMahon tries to hide his face as he walked into his car with a mystery woman after celebrating his 77th birthday. Former WWE CEO Vince McMahon tries to hide his face as he walked into his car with a mystery woman after celebrating his 77th birthday.
 

CeeJay

NEW AGE POSTING

Update On WWE Backstage Morale Following Vince McMahon's Retirement


Since the resignation of Vince McMahon this past July, WWE has reinvigorated its product in the eyes of many fans, and it appears that some wrestlers feel the same way. Dave Meltzer of the Wrestling Observer Newsletter recently commented on the current morale in the company during an episode of Wrestling Observer Radio, saying that it's high amongst many members of WWE's roster following the departure of McMahon. Since the instillation of Paul "Triple H" Levesque as both the Head of Creative and the EVP of Talent Relations, Meltzer believes that many are starting to recognize the struggle it was working with McMahon in recent years. "It really hit me that Vince really was a hindrance." Meltzer also addressed how WWE employees currently feel regarding the change in atmosphere since Levesque took control. "People sort of speculated and everything but when you see the difference in the mood over there, I think it's a better product."

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CeeJay

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Vince McMahon's Net Worth is Beyond Belief, Even After Stepping Down From WWE Amidst Assault Allegations


Vincent Kennedy McMahon was born in 1945 in Pinehurst, North Carolina. His enormous net worth comes from his career as a media proprietor, former professional wrestling promoter, executive, and performer.
Vince is the younger son of Victoria (née Hanner, later Askew) and Vincent James McMahon. Vincent was the founder of Capitol Wrestling Corporation, the precursor to the organization now known as WWE. McMahon's father left the family when he was still a baby, along with his elder son, Rod. He didn't meet his father until he was 12 years old. His paternal grandfather was fellow promoter Roderick James “Jess” McMahon, whose parents were immigrants of Irish descent from County Galway. His paternal grandmother, Rose Davis, was also of Irish descent. Raised as Vinnie Lupton, McMahon spent most of his childhood living with his mother and stepfathers. He says that one of his stepfathers, Leo Lupton, beat his mother and assaulted him when he attempted to protect her. McMahon attended Fishburne Military School in Waynesboro, Virginia, and graduated in 1964. It is said that he has dyslexia.


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CeeJay

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WWE Hall Of Famer Booker T Explains Why He Doesn't Want Vince McMahon To Return


World Wrestling Entertainment Hall of Famer Booker T gave an interesting reason to explain why former chairman Vince McMahon should not return to the company. While addressing a fan's question on the possibility of Vince McMahon returning to WWE, Booker T replied via his Hall of Fame show, "You know what. I hope not. I'm not saying it in a bad way or anything like that. I just wish the best for Vince McMahon and hopefully, he can enjoy the fruits of the labour. Enjoy life for a moment. Just take a seat back and enjoy life. Take a vacation. That's something that I know Vince, throughout my time being around him, that was not on his agenda."


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CeeJay

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Report: WWE board opens inquiry into CEO Vince McMahon's alleged $3M settlement for ex-employee's silence

The board of World Wrestling Entertainment is investigating a secret $3 million settlement that company CEO Vince McMahon agreed to make to a former employee over an alleged affair, according to a Wall Street Journal report Wednesday. The separation agreement, which was signed in January, is meant to prevent the now-former employee from discussing her relationship with McMahon or making disparaging comments about him, according to the Journal. An email sent to WWE board members March 30 indicates that the 76-year-old McMahon hired the former staffer, 41, on a $100,000 salary and then gave her a raise to $200,000 after the start of the alleged sexual relationship with her.

The email sent to the board regarding the former WWE employee, who was hired as a paralegal in 2019, alleged that McMahon gave the woman to Laurinaitis "like a toy." The board is investigating the email's allegations, the report stated. The Journal reported that the board has retained the law firm Simpson Thacher & Bartlett to conduct the investigation and that payments of other nondisclosure agreements, outside of the one involving the former employee, have totaled in the millions of dollars. McMahon bought the then-World Wrestling Federation (WWF) from his father, Vincent J. McMahon, in 1982 and built the company into a global wrestling powerhouse and media conglomerate that has produced crossover stars such as Hulk Hogan, The Rock, Stone Cold Steve Austin and John Cena.

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