Vince McMahon Ousted From WWE Top Spot After Allegedly Covering Up Affairs | Trying To Avoid A Professional Three-Count

LAS VEGAS, NV - JANUARY 08: WWE Chairman and CEO Vince McMahon speaks at a news conference announcing the WWE Network at the 2014 International CES at the Encore Theater at Wynn Las Vegas on January 8, 2014 in Las Vegas, Nevada. The network will launch on February 24, 2014 as the first-ever 24/7 streaming network, offering both scheduled programs and video on demand. The USD 9.99 per month subscription will include access to all 12 live WWE pay-per-view events each year. CES, the world's largest annual consumer technology trade show, runs through January 10 and is expected to feature 3,200 exhibitors showing off their latest products and services to about 150,000 attendees. (Photo by Ethan Miller/Getty Images)

In a world of theatrics, where the line is blurred between real and fantasy, Vince McMahon was given a dose of reality. After his hands were allegedly caught in the cookie jar, Vince McMahon was ousted by his board from the chairman & CEO position at the most extensive wrestling operation in the world.

The charismatic WWE top dog is now the former boss after his alleged misconduct to cover up an extra-marital affair.

McMahon paid $3 million, confidentially, in a settlement to a former employee that he reportedly had an affair with. A separation agreement was allegedly made in January, stopping the unnamed ex-employee “from discussing her relationship with Mr. McMahon or disparaging him,” according to reports.

McMahon Speaks

The always verbose McMahon issued a statement.

“I have pledged my complete cooperation to the investigation by the special committee, and I will do everything possible to support the investigation,” said McMahon. “I have also pledged to accept the findings and outcome of the investigation, whatever they are.”

The company leadership will stay in the family as his daughter Stephanie McMahon will now serve as interim CEO and interim chairwoman, the organization said in a statement.

However, this might not be the only incident of misconduct by Vince.

An investigation that began in April has “unearthed other, older nondisclosure agreements involving claims by former female WWE employees of misconduct by Mr. McMahon,” reportedly.

Additionally, John Laurinaitis, the company’s head of talent relations, also had misconduct claims reportedly found against him.

The “Investigation”

On Friday, the WWE was not playing and stated that it takes “all allegations of misconduct very seriously.” The organization has hired independent legal services to “conduct a comprehensive review of the company’s compliance program, human resources function and overall culture.”

Ironically, the board for WWE consists of executives who are not entirely unbiased. Many are members of McMahon’s family, including his daughter Stephanie McMahon and her husband, Paul Levesque, better known as wrestling star Triple H.

Vince McMahon still controls the majority of voting power for the WWE, and the investigation is far from a signal of the end for Vince McMahon.

New Storyline Flow?

While the investigation is ongoing, he will maintain his position within WWE’s creative content process and will still appear as a character during wrestling matches. Perhaps will wife will pop out and smash a chair over his head?

According to a company tweet, McMahon will also appear on the company’s “Smackdown,” the Friday night wrestling showcase.

McMahon’s brainchild is ubiquitous in wrestling, with many of his manufactured stars like Hulk Hogan, The Undertaker, and The Rock becoming pop culture icons.

Still The GOAT

During the pandemic, both McMahon and UFC president Dana White were some of the first to return to live action, with some significant precautions. The WWE’s shares have risen more than 30 percent year-t0-date during the current bear market as one of the rare companies not hard hit on the stock market.

McMahon’s undefeated persona took a hit for the first time, and now he is trying to avoid a professional three-count.

Rhett Butler is a Boxing Writer Association of America Journalist, Play-By-Play Commentator, Combat Sports Insider, and Former Mixed Martial Arts and Boxing Promoter. The New York City native honed his skills at various news outlets including but not limited to: TIME Magazine, Money Magazine, CNN's Wolf Blitzer Reports, and more. RhettĀ hosts the PRITTY Left Hook podcast, a polarizing combat sports insider's take featuring the world's biggest names.