Saturday, July 09, 2022

CRIMINAL CAPITALI$M

Report: Former WWE CEO Vince McMahon paid more than $12 million to 4 women to suppress sexual misconduct allegations



(Warning: This story contains allegations of sexual misconduct.)

Vince McMahon, the longtime CEO of WWE who stepped down in June, paid four women at least $12 million total over the past 16 years to hide numerous allegations of sexual misconduct, according to a report by the Wall Street Journal.

McMahon was also being investigated by the WWE's board after was discovered in April he paid $3 million to cover up an affair with a former employee. This new report indicates McMahon covered up more.

So far, here are the four settlements McMahon reportedly paid out, per the Journal:

  • A $7.5 million payment in 2018 to a former wrestler who alleged McMahon "coerced her into giving him oral sex and then demoted her and, ultimately, declined to renew her contract in 2005 after she resisted further sexual encounters."

  • A roughly $1 million payment in 2008 to a WWE contractor who "presented the company with unsolicited nude photos of Mr. McMahon she reported receiving from him and alleged that he had sexually harassed her on the job."

  • A $1 million payment in 2006 to a former 10-year WWE manager who alleged McMahon "initiated a sexual relationship with her."

  • The $3 million payment in 2022 to the former paralegal who allegedly had an affair with McMahon. The board concluded the relationship between McMahon and this woman was consensual.

The board is also investigating a $1.5 million nondisclosure agreement from 2012 between the same former paralegal and WWE executive John Laurinaitis.

McMahon voluntarily stepped down on June 17 following reports of the investigation as well as the alleged settlement. He also pledged his "complete cooperation to the investigation" and "pledged to accept the findings and outcome of the investigation, whatever they are" in a statement released by the company. McMahon's daughter, Stephanie McMahon, was named interim CEO and interim Chairwoman after serving as the company's chief brand officer as well as a former wrestler.

Vince McMahon reportedly paid out more NDA settlements than originally known. (Joe Camporeale-USA TODAY Sports)
Vince McMahon reportedly paid out more NDA settlements than originally known. (Joe Camporeale-USA TODAY Sports)

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Tap Out Corner

Vince McMahon allegedly had an affair with a former WWE employee and paid $3 million to keep it a secret but that's just the tip of the iceberg.


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Indisputable with Dr. Rashad Richey

CEO of WWE Vince McMahon is being investigated by the board for paying millions in settlement money for women he may have victimized or had affairs with.  Dr. Rashad Richey and Ben Gleib discuss on Indisputable. Tell us what you think in the comments below. 

Read more here: https://www.cnn.com/2022/06/16/media/...

"New York (CNN Business)Vince McMahon, the CEO of WWE, is being investigated by the company's board for agreeing to pay a secret $3 million settlement to a former employee he allegedly had an affair with, according to a Wall Street Journal report.

The separation agreement, which was reportedly made in January, prevents the former, unnamed employee "from discussing her relationship with Mr. McMahon or disparaging him," according to the Journal."

Vince McMahon NDAs and payments investigated by WWE board | Wrestlenomics Radio
Jun 19, 2022
WWE announced on Friday that Vince McMahon will no longer be CEO and Chairman for the duration of an investigation by the Board of Directors. He remains head of creative. Stephanie McMahon is now interim CEO and Chairwoman. The Wall Street Journal reported on Thursday that Vince paid a former WWE paralegal, with whom he had a sexual relationship with, $3 million so she would sign an NDA upon leaving the company. Head of Talent Relations John Laurinaitis also had a sexual relationship with the former employee, whose salary was doubled from $100,000 to $200,000. The Board is investigating additional NDAs and payments.

Rita Chatterton, who says Vince McMahon raped her in 1986, is interviewed by New York Magazine. Former wrestler Mario Mancini says Chatterton told him about the assault the day after she says McMahon assaulted her in his limo.


Donahue on WWF (AKA WWE) Drug & Sex Scandal in 1992

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