The decision was announced on Friday (17 June) in a statement on the company’s official website and also confirmed Stephanie McMahon will take over as interim CEO and interim chairwoman.
McMahon steps away following a report from The Wall Street Journal which claims he paid a secret $3 million settlement to a former employee he allegedly had an affair with.
Despite leaving his role as CEO, McMahon appeared on Friday Night SmackDown one day later.
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Source Link Vince McMahon steps down as CEO of WWE amid misconduct allegations