Reuters
WWE discloses expenses tied to ex-CEO Vince McMahon, to restate results
McMahon, 76, who turned WWE into an entertainment powerhouse with more than $1 billion in annual revenue after buying the company from his father in 1982, stepped down on Friday as CEO and chairman. He is being investigated by WWE’s board for agreements to pay $12 million over the past 16 years to suppress allegations of sexual misconduct and infidelity, the Wall Street Journal has reported. The exit, which several industry insiders considered inconceivable until a few days ago, saw his daughter Stephanie McMahon become the co-CEO along with Nick Khan.
