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McMahon and the feminine former worker allegedly had an affair, in accordance with the Wall Avenue Journal
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World Wrestling Leisure Inc.’s board is wanting right into a secret $3 million cost that Chief Govt Officer Vince McMahon made to a feminine former worker with whom he allegedly had an affair, in accordance with the Wall Avenue Journal, which cited folks aware of the board’s motion.
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McMahon had different non-disclosure agreements relating to alleged misconduct with feminine staff that the board was investigating, the newspaper reported, citing the folks. The probe, which started in April, additionally reportedly unearthed related pacts made with former feminine staff on behalf of John Laurinaitis, a former wrestler who manages expertise relations for WWE. The paper mentioned it couldn’t decide what number of such pacts had been being reviewed.
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A spokesperson for WWE didn’t instantly reply to a request for remark. McMahon and Laurinaitis additionally couldn’t be reached by Bloomberg Information.
The board up to now has concluded McMahon paid the settlements along with his personal cash, the newspaper reported, citing one of many folks aware of the state of affairs. McMahon’s lawyer, Jerry McDevitt, informed the paper in a letter that the previous worker, a paralegal, hadn’t made any claims of harassment in opposition to his consumer. McDevitt wasn’t instantly obtainable to remark.
McMahon, 76, constructed WWE right into a family identify, providing skilled wrestling matches on TV and in arenas. His daughter, Stephanie, additionally an government on the firm, took a go away of absence in Might.
WWE shares fell about 1.2% in after-hours buying and selling earlier than recovering. They had been up about 36% this 12 months via Wednesday’s shut.
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