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Friday, jan 17
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Friday, jan 17
Tag:
Vince McMahon
Sports
Former WWE CEO Vince McMahon To Pay $1.7M+ For Hiding Sexual Misconduct Payments
World Wrestling Entertainment founder Vince McMahon will pay more than $1.7 million after he was accused of not disclosing payment agreements related to sexual misconduct with two women, officials said. McMahon, WWE's former executive chairman and CEO, reached the agreement related to charges from the Securities and Exchange Commission, the federal agency said in a news release on Friday, Jan. 10. The SEC said McMahon concealed the "hush money" payments, creating discrepancies in WWE's financial reports. McMahon agreed to pay a $400,000 civil penalty and reimburse $1,330…
Business
WWE CEO Vince McMahon 'Steps Back' Amid Misconduct Probe
Vince McMahon has “voluntarily stepped back” from his duties as CEO and chairman of Connecticut-based World Wrestling Entertainment, Inc., while the company's board of directors investigates claims of misconduct against him, the company announced Friday morning, June 17. The WWE, whose headquarters in Fairfield County is located in Stamford, said that a Special Committee of the Board is conducting the probe and that McMahon's move is effective immediately and will remain in place until the conclusion of the investigation. "McMahon will retain his role and responsibilities related to W…
Politics
Greenwich's Linda McMahon Will Be Latest To Resign From Trump's Cabinet, Report Says
Linda McMahon will reportedly be the latest member of President Donald Trump's Cabinet to resign. McMahon is expected to step down as head of the Small Business Administration, according to Politico. McMahon, of Greenwich, along with her husband, Vince McMahon, founded the Stamford-based mega-wrestling business WWE. One of only five women in the president's Cabinet, McMahon has held the SBA post since 2016. She is said to be earmarked to head up the pro-Trump super PAC America First Action. According to Politico, Trump allies have been searching for someone to chair th…
Sports
Greenwich's Vince McMahon Set To Launch New Pro Football League
The boss is reportedly back, as Greenwich’s own Vince McMahon plans to take his second stab at starting a professional football league. After weeks of rumors, the chairman and CEO of WWE is scheduled to announce that he will be starting a new league to compete with the NFL, according to multiple media reports. McMahon's company, Alpha Entertainment, said that he would have a “major sports announcement” on Thursday afternoon. The founder of the floundering XFL, which lasted just one season in 2001, McMahon has been mum about his intentions for a potential new league. Details of how his leagu…
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