Categories: Culture

Stephanie McMahon Resigns from WWE Following Vince McMahon’s Return

Stephanie McMahon
WWE

It’s a story with enough twists and turns to be on WWE television. Stephanie McMahon on Tuesday resigned from her position as co-CEO of WWE, the pro-wrestling megacorporation her father built. McMahon’s resignation was announced on Twitter, and follows Vince McMahon’s return to the company. Vince McMahon himself resigned last July amid a sexual misconduct allegations, but on Tuesday was named executive chairman of WWE’s board. 

“About 8 months ago, I took a leave of absence and within a few weeks, unexpectedly had the opportunity of a lifetime. I had the privilege to return as the Co-CEO and Chairwoman of the Board of WWE,” Stephanie McMahon wrote. “I have decided to return to my leave and take it one step further with my official resignation.”

Stephanie McMahon has been an on-and-off character on WWE TV since the late ’90s, but her most important positions in the company have been behind the scenes. McMahon has at various points served as the vice president of creative, the chief brand officer and, following her father’s departure last July, Co-CEO alongside Nick Khan. 

The initial fall of Vince McMahon began last June, when the Wall Street Journal reported that WWE’s board was investigating a $3 million settlement he’d allegedly agreed to pay an employee with whom he’d purportedly had an affair. The Journal followed with a report in July that McMahon had allegedly paid more than $12 million to four different women associated with the WWE to suppress accusations of sexual misconduct and infidelity. 

In July, McMahon abruptly announced his decision to retire. “At 77, time for me to retire. Thank you, WWE Universe,” he wrote on Twitter.

More to come…

Share

Recent Posts

Trump taps RFK Jr. to lead Department of Health and Human Services

President-elect Trump selected Robert F. Kennedy Jr. to lead the U.S. Department of Health and…

28 minutes ago

Senate Dems race to confirm Biden judges ahead of Trump’s presidency

Senate Democrats are rushing to confirm as many of President Biden's judicial picks as possible…

28 minutes ago

‘Malign influence’: Top Biden official faces backlash ahead of address at forum with deep ties to CCP

The Biden administration is facing backlash after it was revealed on social media that a…

28 minutes ago

Donald Trump Jr ally Sergio Gor offered top White House personnel job: report

One of Donald Trump Jr.'s allies and business partners has reportedly been offered a key…

28 minutes ago

Oregon Democrat unseats GOP incumbent in toss-up House race, narrowing Republicans’ majority

Oregon Republican Rep. Lori-Chavez-DeRemer has been ousted by Democratic challenger state Rep. Janelle Bynum in…

3 hours ago

Top GOP senators warn DOJ to preserve Jack Smith docs in Trump cases, citing ‘past destruction’ of records

Top Republican senators are telling officials in the Department of Justice to ensure that all…

3 hours ago