Vince McMahon Paid $12M in Hush Money
Longtime WWE chairman and CEO Vince McMahon agreed to pay more than $12 million in hush money over the past 16 years to suppress allegations of sexual misconduct and infidelity, the Wall Street Journal reported on Friday.
This was "an amount far larger than previously known," the report adds. These payouts went to four women, all affiliated with WWE, who signed non-disclosure agreements.
In June, WWE announced an investigation into a $3 million settlement paid by McMahon to a former WWE paralegal with whom he had an alleged affair.
Here are the details of the other agreements, per the WSJ report:
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McMahon announced that he had voluntarily stepped back following the news of the investigation in June but said he would remain the head of creative. McMahon’s daughter Stephanie, has since served as interim CEO and interim chairwoman.
Vince McMahon has appeared twice on WWE television since the initial report to suggest he's not going anywhere.
The WWE board is also investigating allegations that John Laurinaitis, head of talent relations, had a sexual relationship with the same former staffers.
"he board is looking at a $1.5 million nondisclosure agreement reached in 2012 with an employee involving misconduct claims against Mr. Laurinaitis, these people said," the WSJ writes.
Laurinaitis has been on leave since the announcement of the investigation in June.
The report noted that attorneys Laurinaitis and McMahon have not responded to requests for comment.