Vince McMahon will attend a press conference at MetLife Stadium on February 16, 2012 in East Rutherford, NJ.
Michael N. Todaro | Getty Images
World Wrestling EntertainmentBoard of Directors is investigating a $ 3 million hash money settlement paid to a woman in the suspect’s case by CEO Vince McMahon. The Wall Street Journal reported On Wednesday, I will quote people who are familiar with the document and the issue.
The journal said the agreement, signed in January, aims to prevent women who worked as paralegals for the company from discussing their relationship with McMahon or making critical statements about the CEO. is.
A WWE spokesman told the newspaper that the company was cooperating with the board’s investigation and that the relationship between McMahon and the woman had reached an agreement.
McMahon, 76, is married to WWE CEO Linda McMahon, who was the Secretary of the Small and Medium Business Administration under the control of former WWE President Donald Trump.
According to the report, a board investigation initiated in April also revealed non-disclosure agreements related to allegations of misconduct from other women working at WWE. The agreement involved McMahon and WWE talent executive John Laurinaitis, who wrestled under the name Johnny Ace, the journal added.
WWE did not immediately respond to CNBC’s request for comment.
The board held Simpson Thatcher & Bartlett LLP, a New York-based law firm to conduct the investigation, sources told the journal. The company didn’t immediately respond to CNBC’s request for comment.
McMahon’s lawyer, Jerry McDavid, didn’t get immediate comments. McDavid told the journal that his ex-employee had not filed a harassment claim against McMahon. He also said WWE didn’t pay her, the paper said.
This news has come at a crucial time for wrestling entertainment companies. In May, executive Stephanie McMahon, daughter of Vince and Linda McMahon, took most of her responsibilities at the company. “WWE is a lifelong legacy to me and I look forward to returning to my beloved company after focusing this time on my family.” She tweeted at that time..
WWE is also subject to speculation about potential sales and their media rights.this There are deals We use Peacock streaming services from Fox, USA Network, Hulu and NBCUniversal. Hulu’s contract will expire this year.
The company is a publicly traded company, but McMahon owns a majority stake in WWE. He took over the company from his father (also known as Vince McMahon) in 1982. Under the supervision of a young McMahon, WWE, then known as the United World Wrestling Federation, has become a global Jaguar Note. In the decades since then, the company has created superstars such as Hulk Hogan, Brett “The Hitman” Hart, Dwayne “The Rock” Johnson and Dave Bautista.
This is far from the controversial first brush of McMahon. In 1993, he was charged with a federal crime related to anabolic steroid hormones. Used by him and several professional wrestlers in the WWF stables.He was Acquitted in 1994.. McMahon and the company also fired in 1999 to continue the show after superstar Owen Hart (Brother of Brett) fell to his death from a rafter in the arena while performing a stunt.The company finally agreed Pay $ 18 million to the Hart family Over the death of a wrestler.
Read the full report of The Wall Street Journal here..
Disclosure: NBCUniversal is CNBC’s parent company.
– CNBC’s Candice Choi contributed to this report.