
WWE probes $3 million payment from Vince McMahon to employee
World Wrestling Entertainment Inc.’s board is looking into a secret $3-million payment that Chief Executive Officer Vince McMahon made to a female former employee with whom he allegedly had an affair, according to the Wall Street Journal, which cited people familiar with the board’s action.
McMahon had other nondisclosure agreements regarding alleged misconduct with female employees that the board was investigating, the newspaper reported, citing the people.
The probe, which began in April, also reportedly unearthed similar pacts made with former female workers on behalf of John Laurinaitis, a former wrestler who manages talent relations for WWE. The paper said it couldn’t determine how many such pacts were being reviewed.
A spokesperson for WWE didn’t immediately respond to a request for comment. McMahon and Laurinaitis also could not be reached by Bloomberg News.
The board so far has concluded McMahon paid the settlements with his own money, the newspaper reported, citing one of the people familiar with the situation.
McMahon’s attorney, Jerry McDevitt, told the paper in a letter that the former employee, a paralegal, hadn’t made any claims of harassment against his client. McDevitt wasn’t immediately available to comment.
McMahon, 76, built WWE into a household name, offering professional wrestling matches on TV and in arenas. His daughter, Stephanie, also an executive at the company, took a leave of absence in May.
WWE shares fell about 1.2% in after-hours trading before recovering. They were up about 36% this year through Wednesday’s close.
More Stories
BREAKING NEWS: Texas Rangers exploring Leland site for minor league baseball, large entertainment venue
Baseball (Photo: Christine Beshay / MGN)BRUNSWICK COUNTY, NC (WWAY) — Minor League Baseball could be coming to Northern Brunswick County....
Activities – The Vacaville Reporter
Feb. 2: Genealogy Society of Vallejo-Benicia in-person meeting, 1:30 p.m. Speaker Brendan Riley, on General Vallejo and City of Vallejo....
Akron CED to dovetail with Merriman Valley plan
AKRON, Ohio — A proposal to create Akron’s fourth Community Entertainment District in the Merriman Valley met with strong support...
Princess of Wales launches early years development campaign | Entertainment
Catherine, Princess of Wales is launching a campaign on early years development.The 41-year-old royal says that not enough attention is...
Lake Metroparks Farmpark Ice Festival provides fun and entertainment for children and adults – News-Herald
Chilly weather over the weekend helped to provide an ideal atmosphere for a Lake Metroparks Farmpark community event. Farmpark, which...
Watch George Clooney’s Impressive Glow-Up Throughout the Years
If there's anyone around here that knows a thing or two about a glow-up, it's George Clooney. The actor was one...