WWE's Vince McMahon allegedly paid out a total of $12 million to four women over the past 16 years to quiet allegations of sexual misconduct, according to a Wall Street Journal report.
Last month, the Wall Street Journal reported that the WWE board was investigating a secret $3 million payout from McMahon to a former employee, a paralegal, over an alleged affair. In the aftermath of that news, WWE announced McMahon would be stepping away from his duties as chairman and CEO -- replaced in the interim by his daughter Stephanie -- though he would maintain his role as head of creative.
The WWE board is continuing its investigation, which also includes allegations that WWE executive John Laurinaitis had a sexual relationship with the same former paralegal involved with the allegedly $3 million payment, per the Journal. Laurinaitis is also being investigated for an allegedly $1.5 million non-disclosure agreement with an employee claiming sexual misconduct in 2012. Laurinaitis is reportedly currently on administrative leave.
The WWE board has retained the law firm Simpson Thacher & Bartlett LLP to conduct the investigation, which was launched following anonymous emails being sent to directors earlier this year. "I'll tell you why I'm hopping on the bandwagon now," Inzitari told writer Abraham Riesman, who is authoring the book"Ringmaster: Vince McMahon and the Unmaking of America.""There's worse stuff than that."
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