Published on: Mar 26, 2023
by Dave Mora
Vince McMahon to Reimburse WWE Board for Sexual Misconduct Investigation Costs
Vince McMahon, the CEO and chairman of the WWE, has agreed to pay the WWE Board of Directors $174 million in connection to the investigation into the company’s handling of sexual misconduct allegations. The investigation, which was launched by the board in response to multiple allegations made against WWE employees, including wrestlers and executives, concluded earlier this year. McMahon has reportedly agreed to reimburse the board for the costs associated with the investigation.
The investigation was launched in response to allegations of sexual misconduct made by several individuals against WWE employees, including wrestlers and executives. The allegations included claims of sexual harassment, assault, and misconduct, and were made by both male and female employees.
Vince McMahon to Reimburse WWE Board for Sexual Misconduct Investigation Costs
In response to the allegations, the WWE Board of Directors launched an investigation and hired an outside law firm to conduct an independent review of the company's policies and procedures. The investigation concluded earlier this year, and the board has since taken steps to implement changes to the company's policies and procedures.
In a statement, McMahon acknowledged the seriousness of the allegations and expressed his commitment to ensuring a safe and respectful workplace for all WWE employees.
“I take these allegations very seriously, and I am committed to ensuring that the WWE is a safe and respectful workplace for all employees,” McMahon said. “I have agreed to reimburse the board for the costs associated with the investigation and am fully supportive of the steps that the board has taken to address these issues.”
The payment by McMahon to the board is expected to be made in installments over the next several years, according to sources familiar with the matter. The WWE has declined to comment on the matter.
