Vince McMahon has stepped down from his relation arsenic WWE CEO and Chairman, successful the biggest displacement successful powerfulness the promotion has seen successful decades.
While McMahon is nether investigation for an alleged matter and $3 cardinal hush-money arrangement, galore person said that helium is safe, fixed that he’s the voting bulk connected WWE’s committee of directors.
McMahon has survived scandals successful the past, but this is simply a caller conflict for the Sports-Entertainment promoter and helium could suffer his occupation aft all.The Conditions
According to Brandon Thurston of WrestleNomics, McMahon’s declaration does springiness the committee powerfulness to region him if definite conditions are violated.
While astir person thing to bash with the ongoing investigation, determination are 2 that basal retired (via eWrestlingNews.)
(a) the Executive’s theft oregon embezzlement, oregon attempted theft oregon embezzlement, of wealth oregon spot of the Company oregon its affiliates.”McMahon’s contract
While the probe has yet to beryllium concluded immoderate person argued that McMahon could look allegations of embezzlement fixed their relationship.
It has been claimed that the paralegal was promoted rapidly, from a $100,000 declaration to a $200,000 woody aft opening the alleged carnal narration with McMahon.
Given that the outgo would person travel retired of WWE’s pocket, an embezzlement assertion could beryllium made.
“(c) the Executive’s willful and intentional worldly misconduct successful show of his duties oregon gross negligence of his duties (other than owed to the Executive’s Disability), including an intentional nonaccomplishment to travel immoderate applicable Company policies oregon directives.”McMahon’s contract
Having an matter with an worker could surely beryllium considered misconduct successful the show of his duties.What’s adjacent for McMahon?
Vince McMahon appeared connected past night’s SmackDown but did not code the allegations against him.
In his absence, Stephanie McMahon volition service arsenic interim CEO and Chairwoman of WWE until the probe is concluded.
McMahon has promised to respect the effect of the probe nary substance the result.