Vince McMahon is tapping out — for now, at least.
WWE said Friday that McMahon will step back from his role as the company's CEO as the board investigates allegations of misconduct. McMahon's daughter, Stephanie McMahon, has been named interim CEO and chairwoman.
Subscribe to The Week
Escape your echo chamber. Get the facts behind the news, plus analysis from multiple perspectives.
Sign up for The Week's Free Newsletters
From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.
From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.
"I have pledged my complete cooperation to the investigation by the special committee, and I will do everything possible to support the investigation," McMahon said. "I have also pledged to accept the findings and outcome of the investigation, whatever they are."
Despite stepping aside as CEO, WWE said McMahon will "retain his role and responsibilities related to WWE's creative content," and he will appear on Friday's episode of SmackDown. According to CNBC, he plans to address the real-life scandal in character as his Mr. McMahon persona, who is typically portrayed as a villain.
McMahon's daughter, Stephanie, will be taking over the CEO duties less than one month after she announced she would take a leave of absence from her role as chief brand officer "to focus on my family." She said Friday she's "honored" to assume the role of interim chairwoman and CEO until the investigation concludes.
-
Florida erases rainbow crosswalk at Pulse nightclubSpeed Read The colorful crosswalk was outside the former LGBTQ nightclub where 49 people were killed in a 2016 shooting
-
Trump says Smithsonian too focused on slavery's illsSpeed Read The president would prefer the museum to highlight 'success,' 'brightness' and 'the future'
-
Trump to host Kennedy Honors for Kiss, StalloneSpeed Read Actor Sylvester Stallone and the glam-rock band Kiss were among those named as this year's inductees
-
White House seeks to bend Smithsonian to Trump's viewSpeed Read The Smithsonian Institution's 21 museums are under review to ensure their content aligns with the president's interpretation of American history
-
Charlamagne Tha God irks Trump with Epstein talkSpeed Read The radio host said the Jeffrey Epstein scandal could help 'traditional conservatives' take back the Republican Party
-
CBS cancels Colbert's 'Late Show'Speed Read 'The Late Show with Stephen Colbert' is ending next year
-
Shakespeare not an absent spouse, study proposesspeed read A letter fragment suggests that the Shakespeares lived together all along, says scholar Matthew Steggle
-
New Mexico to investigate death of Gene Hackman, wifespeed read The Oscar-winning actor and his wife Betsy Arakawa were found dead in their home with no signs of foul play
