{"id":181662,"date":"2023-01-09T14:36:07","date_gmt":"2023-01-09T14:36:07","guid":{"rendered":"https:\/\/harchi90.com\/vince-mcmahon-returns-to-wwe-as-a-board-member\/"},"modified":"2023-01-09T14:36:07","modified_gmt":"2023-01-09T14:36:07","slug":"vince-mcmahon-returns-to-wwe-as-a-board-member","status":"publish","type":"post","link":"https:\/\/harchi90.com\/vince-mcmahon-returns-to-wwe-as-a-board-member\/","title":{"rendered":"Vince McMahon returns to WWE as a board member"},"content":{"rendered":"
\n \n Former World Wrestling Entertainment chief executive Vince McMahon is returning to the company as a board member, after a six-month hiatus following a hush money and sexual harassment scandal.\n <\/p>\n \n WWE on Friday confirmed McMahon’s return, also announcing in a press release that it \u201cintends to undertake a review of its strategic alternatives with the goal being to maximize value for all WWE shareholders,\u201d suggesting that the company could be exploring a sale. Shares closed 17% higher after the announcement.\n <\/p>\n \n \u201cWWE has an exceptional management team in place, and I do not intend for my return to have any impact on their roles, duties, or responsibilities,\u201d McMahon said in the release.\n <\/p>\n \n McMahon retired as CEO in July 2022, but remains the company’s majority shareholder. Following his departure, the WWE disclosed multiple expenses that McMahon had n’t reported, totaling $ 19.6 million. That forced the company to revise its financial statements for 2019, 2020 and 2021.\n <\/p>\n \n Although many of the payments are related to the company’s investigation of his alleged sexual misconduct with former employees, McMahon reportedly made undisclosed payments to of $5 million to former President Donald Trump’s charity, the Donald J. Trump Foundation, in 2007 and 2009, according to the Wall Street Journal.\n <\/p>\n \n The Journal in July 2022 reported McMahon paid more than $12 million to four women, including the one from the prior report, to cover up \u201callegations of sexual misconduct and infidelity.\u201d\n <\/p>\n \n In addition to his return, McMahon shook up the company board and replaced three people. However, his daughter Stephanie \u2014 who took over as co-CEO and board chair after McMahon’s retirement \u2014 will retain those same roles.\n <\/p>\n \n In 2021, WWE struck a deal with NBC’s Peacock to stream wrestling events on the platform for a deal \u201cvalued at more than $1 billion,\u201d the Journal reported.\n <\/p>\n<\/p><\/div>\n .<\/p>\n","protected":false},"excerpt":{"rendered":" new York CNN \u2014 Former World Wrestling Entertainment chief executive Vince McMahon is returning to the company as a board member, after a six-month hiatus following a hush money and sexual harassment scandal. WWE on Friday confirmed McMahon’s return, also announcing in a press release that it \u201cintends to undertake a review of its strategic …<\/p>\n
\n new York<\/span>
\n CNN<\/span>
\n \u2014
\n <\/cite>\n<\/p>\n