WWE Completes Investigation Into Vince McMahon Misconduct Allegations

WWE have announced the special committee of the WWE Board investigation into Vince McMahon's alleged misconduct is complete and the special committee has now disbanded.

WWE announced in their Q3 2022 report:

"As previously announced, a Special Committee of independent members of the Board of Directors was formed to investigate alleged misconduct by Vincent K. McMahon, the Company's former Chairman and Chief Executive Officer, who resigned from all positions held with the Company on July 22, 2022 but remains a stockholder with a controlling interest, and another executive, who is also no longer with the Company. The Special Committee investigation is now complete and the Special Committee has been disbanded. Management is working with the Board to implement the recommendations of the Special Committee related to the investigation. For the three and nine-month periods ended September 30, 2022, the Company's consolidated pre-tax results include the impact of $17.7 million and $19.4 million, respectively, associated with certain costs related to the investigation. Please see the Company's SEC filings, including, but not limited to, its annual report on Form 10-K/A and quarterly reports on Form 10-Q/A and Form 10-Q for further details and ongoing risks regarding this matter."

McMahon resigned as WWE Chairman and CEO on July 22 amidst a sexual misconduct and hush money scandal after it emerged that the 77-year-old had paid $14.6 million to women since 2006 to "suppress allegations of sexual misconduct and infidelity." A further $5 million in unrecorded expenses was later discovered to be payments to the Donald Trump Foundation in 2007 and 2009.

Since McMahon's retirement, Stephanie McMahon and Nick Khan have taken over as Co-CEOs. Triple H, meanwhile, is the Chief Content Officer.