At the age of 77, VinceMcMahon announces his retirement from the WWE amid a sexual misconduct probe, but will still be the majority shareholder.
WWE's CEO Vince McMahon had announced his retirement amid a board probe into misconduct claims. In June, McMahon stepped down from his executive duties due to a misconduct probe, revealing the WWE was investing sexual misconduct allegations. McMahon led the company for decades, known in the wrestling world for his announcing before 1997 when he adopted the Mr. McMahon gimmick.
The character of Mr. McMahon quickly became known as an angry tyrant maintaining tight control of the WWE and known for phrases like “You’re fired!” A third generation wrestling promoter, McMahon turned regional promotion into a multi-billion dollar industry after taking over the WWE from his father Vince McMahon Sr. in 1982. McMahon made wrestlers like Hulk Hogan and Dwayne “The Rock" Johnson stars to lead the show and had a large part in molding the WWE into what it is today.
“As I approach 77 years old, I feel it’s time for me to retire as Chairman and CEO of WWE. Throughout the years, it’s been a privilege to help WWE bring you joy, inspire you, thrill you, surprise you, and always entertain you. I would like to thank my family for mightily contributing to our success, and I would also like to thank all of our past and present Superstars and employees for their dedication and passion for our brand.
Whether fans loved or hated McMahon as a CEO or character, he left a big mark on the WWE and showed his thanks to the fans, employees, and his family when retiring. Although it is disheartening to see him go amid sexual misconduct allegations, it is likely not the last of McMahon’s involvement in the wrestling world. Without McMahon, it will be interesting to see how the WWE holds up as a significant content provider for NBCUniversal and Fox, but hopefully, what McMahon helped build will last.
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