WWE CEO Vince McMahon Steps Down After Reportedly Paying $3 Million To Former Employee To Hide Affair

perezhilton.com:

Vince McMahon, the polarizing CEO and chairman of WWE, has voluntarily stepped down from his position amid a new investigation into allegations of sexual misconduct against him.

The story first broke earlier this week after the Wall Street Journal reported that the high-profile pro wrestling exec had allegedly made a $3 million hush money payment to a former employee with whom he supposedly had an affair.

Now, as of Friday morning, McMahon is stepping back from his executive role in the organization, at least temporarily, as its board of directors completes an investigation into his alleged conduct. Related: GoFundMe Takes Down Fake Pages Fundraising For Depp-Heard Lawsuit Money! After the WSJ revealed the alleged affair and payment, the governing board of the professional wrestling company announced that they had undertaken an inquiry into the situation.

The issue centers on an alleged sexual relationship the 76-year-old McMahon had with a female paralegal at the company. The board was first notified of the affair — and the supposed seven-figure payment — by an anonymous email to the directors back in April.