WWE CEO Vince McMahon Opens ‘SmackDown Live’ After Stepping Down

Vince McMahon receiving a star on the Hollywood Stroll Of Fame in Los Angeles on March 14, 2008. Image Excellent/Shutterstock

Nonetheless within the ring. Hours after Vince McMahon confirmed he could be stepping down because the CEO and Chairman of World Wrestling Leisure (WWE), he was in nice spirits to open the SmackDown Stay present.

“It’s a privilege as at all times to face earlier than you right here tonight, the WWE universe,” McMahon, 76, mentioned throughout the Friday, June 17, broadcast of the wrestling particular. “I’m right here merely to remind you of the 4 phrases we simply noticed in what we name our WWE signature. These 4 phrases are: then, now, perpetually, and crucial phrase is collectively. Welcome to ‘SmackDown!’”

Whereas the North Carolina native quickly exited the stage whereas the present started, he made headlines hours earlier as the corporate introduced he’d step again from his company gig. The media group’s Board of Administrators famous in a Friday assertion that McMahon had “voluntarily” determined to step down from his place as Chief Govt Officer and Chairman of the Board whereas the corporate investigates his habits. (McMahon was accused of misconduct after reportedly paying a $3 million settlement to hide an alleged affair, in keeping with a Wall Street Journal report earlier this month.)

“I’ve pledged my full cooperation to the investigation by the Particular Committee, and I’ll do every thing attainable to help the investigation,” the previous wrestler mentioned in a statement on the time. “I’ve additionally pledged to simply accept the findings and consequence of the investigation, no matter they’re.”

WWE named McMahon’s daughter, Stephanie McMahonas interim CEO and Chairwoman in his absence.

“I love this firm and am dedicated to working with the Impartial Administrators to strengthen our tradition and our Firm; this can be very necessary to me that we now have a protected and collaborative office,” Stephanie, 45, wrote in a Friday assertion. “I’ve dedicated to doing every thing in my energy to assist the Particular Committee full its work, together with marshaling the cooperation of all the firm to help within the completion of the investigation and to implement its findings.”

Vince has led WWE for many years after inheriting World Broad Wrestling Federation (WWWF) from his father, Vincent McMahon, and turning it right into a profitable franchise. He’s credited with altering the WWWF’s title to WWE in 2002.

“In case you constructed one thing, you need to need it to develop and prosper, with or with no member of the family,” the Alpha Leisure founder mentioned throughout an look on the “Pat McAfee Show” in March, referring to spouse Linda McMahonson Shane McMahon and daughter Stephanie, who all work for WWE. “The enterprise is greatest for everybody. You need to take a look at members of the family in addition to workers. You need to do what’s proper for the enterprise.”

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