Vince McMahon Steps Down as WWE CEO Amid Investigation, Will Appear on SmackDown Tonight

gamerant.com:

For decades, WWE has been guided by Vince McMahon as the company's chairman and CEO. Under McMahon's leadership, WWE went from a standard wrestling territory in the northeast to a global phenomenon. However, a recent scandal has seen McMahon voluntarily step down from his position as chairman and CEO of WWE, at least temporarily, as the WWE board is in the midst of investigating him.

WWE has announced that McMahon will be replaced by his daughter, Stephanie McMahon, while the investigation is going on. Stephanie has previously worked in various executive roles and on the WWE creative team, though she recently announced that she was taking a leave of absence from the company. With Vince stepping down as chairman and CEO, Stephanie will be returning to WWE to fill those positions as interim CEO and interim chairwoman.

Blumhouse TV And WWE Are Developing A Scripted Vince McMahon Series

Even though Stephanie McMahon is taking over Vince's duties as chairman and CEO for the time-being, Vince is not leaving WWE completely while the investigation is going on. Vince will continue working on WWE's creative team and will appear on-screen in-character as Mr. McMahon. In fact, it has been confirmed that Mr. McMahon will make an appearance on SmackDown tonight at 8pm ET on Fox.

For those that haven't been following the situation at WWE, the investigation stems from a $3 million «hush money» payment that Vince McMahon allegedly paid a paralegal at the company. A report by The Wall Street Journal details emails that the WWE board received from an anonymous source. The emails claimed that McMahon initially hired the paralegal in question at a salary of $100,000, but then doubled her pay to $200,000 after starting a sexual relationship with