Long-time WWE CEO and Chairman, Vince McMahon announced on July 22, 2022, that he would be retiring from the WWE. This has come after just over 40 years as the company’s CEO after purchasing the then WWF from his father, Vincent J. McMahon, and right in the middle of an alleged hush money scandal that led the WWE board of directors into an investigation on Vince McMahon.
Vince McMahon Retires
I’m not going to make this article a puff piece. Sure, as the CEO and one of the prominent people in charge of the creative process in the WWE, Vince McMahon is in a lot of ways responsible for a lot of fond memories of watching wrestling. However, the news of his retirement, especially after the news of his most recent scandal, could not have come sooner.
Vince McMahon wouldn’t be stepping down at all if it wasn’t recently reported that several women, some of which employed by WWE Corporate and some of which who were actual on-air personalities, were involved in sexual relations with McMahon and were paid out of company finances to be quiet about it. Now, I’m not the morality police at all. However, using company finances to fund something like that in a publicly traded company is indeed a crime, and McMahon has been off his rocker for a very long time now. This kind of behavior is nothing new to regular fans of WWE programming, and it is also the type of environment we live in as fans of pro wrestling. This is the same man who not only ran a billion-dollar company, but also made a woman strip down and bark like a dog on national television. He used his leverage in the former presidential administration to get the WWE listed as an essential business, allegedly pump and dump millions in stock value, and now he’s recently been outed as using company funds for hush money for women he’s had affairs with. Good riddance.
As for the future of the WWE, without Vince McMahon, his daughter, Stephanie McMahon, has taken on the reigns of CEO. This is objectively not much better, however, only time will tell what will happen to this company now that the face of the WWE has retired.
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