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Post by Peep's Naitch on Jun 17, 2022 8:07:45 GMT -5
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Post by Peep's Naitch on Jun 17, 2022 12:59:59 GMT -5
Here is the WWE's corporate website release from the investors posting regarding the current scandal and inpending investigation. Stamford, Conn. – WWE (NYSE: WWE) and the Board of Directors today announced that a Special Committee of the Board is conducting an investigation into alleged misconduct by its Chairman and CEO Vincent McMahon and John Laurinaitis, head of talent relations, and that, effective immediately, McMahon has voluntarily stepped back from his responsibilities as CEO and Chairman of the Board until the conclusion of the investigation. McMahon will retain his role and responsibilities related to WWE’s creative content during this period and remains committed to cooperating with the review underway. The Special Committee has appointed Stephanie McMahon to serve as interim CEO and interim Chairwoman. Vince himself released a statement about this: “I have pledged my complete cooperation to the investigation by the Special Committee, and I will do everything possible to support the investigation. I have also pledged to accept the findings and outcome of the investigation, whatever they are,” said Mr. McMahon. “I love this company and am committed to working with the Independent Directors to strengthen our culture and our Company; it is extremely important to me that we have a safe and collaborative workplace. I have committed to doing everything in my power to help the Special Committee complete its work, including marshaling the cooperation of the entire company to assist in the completion of the investigation and to implement its findings,” said Ms. McMahon. Vince is also scheduled to appear on tonight's episode of Friday Night Smackdown on Fox. We have no idea what he's going to address, if anything,that's pertinent to this scandal. Credit: corporate.wwe.com/investors/news/press-releases/2022/06-17-2022-120023255
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Post by ap215 on Jun 17, 2022 16:25:44 GMT -5
Under What Conditions Can The WWE Board Fire Vince McMahon? It could be a rainy night in Stamford. A brewing tempest is swirling with news breaking about a recent investigation by the WWE board of directors into now-former WWE Chairman & CEO Vince McMahon over hush money payments made to former female employees and allegations of misconduct against McMahon as well as Head of Talent Relations John Laurinaitis. Stephanie McMahon has since stepped in as interim WWE Chairwoman & CEO, while Vince maintains creative control of the company. Laurinaitis is expected to be gone from the company, but one major question still remains: What, if anything can the WWE board actually do to punish the near-teflon McMahon family patriarch? credit: www.wrestlinginc.com/news/2022/06/under-what-conditions-can-the-wwe-board-fire-vince-mcmahon/
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