McMahon stepped down from his role as WWE CEO last month after reports emerged of him paying “hush money” to former female employees. He has reportedly made over 19.6 million dollars in payoffs, although these figures could change. John Laurinaitis, who was also named in the allegations, has already been let go by WWE.
We now have another update from WWE regarding the investigation. In their latest filing with the SEC, the company noted they could spend around $10 million on the investigation.
Jim Cornette’s take on Vince McMahon paying over $19.6 million in hush money
Former WWE manager Jim Cornette gave his take on Vince McMahon’s alleged payments reaching $19.6 million after further payments of $5 million were recently discovered.
Speaking on The Jim Cornette Experience, Cornette was quite surprised because the man he had worked with in the ’90s was all about not losing money.
Since McMahon’s departure, Stephanie McMahon and Nick Khan have been named the company’s Co-CEOs.
It remains to be seen what other details will emerge as WWE conduct their investigations into the matter.
What do you of the allegations against McMahon? Let us know in the comments section below.
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