WWE CEO Vince McMahon paid $ 12 million in cash to four women – Report

Vince McMahon, who stepped down as WWE CEO last month pending an investigation of alleged misconduct, paid $ 12 million to four different women. new account in The Wall Street newspaper.

The amount and scope of the compensation is much greater than previously known. Stephanie McMahon, daughter of Vince and longtime CEO of the company, has been interim CEO for the past few weeks amid an investigation by a special committee of the company’s board of directors.

John Laurinaitis, WWE’s head of talent relations, is also the subject of the council’s investigation.

Among the recently reported deals was a $ 7.5 million deal for a former wrestler who said Vince McMahon forced him into oral sex and then dumped him. In 2005 he decided not to renew his contract after resisting further sexual encounters. magazine he said based on unidentified sources.

Other payments occurred in 2006 and 2008, according to the report, and involved unsolicited nude photos and a case the CEO tried to hush.

the magazine He previously posted a $ 3 million deal between Vince McMahon and a former WWE paralegal with whom he would be having an affair.

A company representative did not immediately respond to Deadline’s request for comment on the report.

McMahon has been the epitome of WWE for decades, overseeing its commercial operations and appearing in the ring under the nickname “Mr. Mac Mahon.” He hasn’t given up on his creative oversight during the investigation and has appeared multiple times on premier television broadcasts. WWE night amid executive turmoil. WWE has lucrative US rights deals with Fox and NBCUniversal and has agreed to move its independent WWE network streaming service to NBCU’s Peacock on a $ 1 billion deal. last year.

WWE shares were flat following the announcement of the allegations against Vince McMahon. They are down about 1% in today’s afternoon trading at $ 64.22.