Legendary journalist addresses the possibility of WWE firing Vince McMahon
WWE Chairman Vince McMahon is currently in the midst of a massive controversy. As the controversy continues to unfold, Dave Meltzer addressed the possibility of the company releasing him and noted that the former chairman would likely have to resign if he were to leave WWE.
News broke last night that Mr. McMahon is under investigation over a secret $3 million dollar settlement with a former employee with whom he allegedly had an affair. This has raised a lot of questions among the wrestling fraternity, the biggest of them being - could WWE fire him following this massive scandal?
On the latest Wrestling Observer Radio, Dave Meltzer noted that Vince McMahon owns a huge majority of the voting power on the board of WWE. As a result, if the board wanted to vote him out, they would likely be unable to. Meltzer further stated that, instead, Vince would have to step down himself.
"Another aspect of this is the board has power, but Vince… Even though Vince does not own a majority of the stock, Vince owns, the way that the stock is set up, Vince owns a huge majority of the voting power, so it’s not like Vince can be voted out. He would have to resign or there would have to be outside pressure that would make Vince quit, which is one of the reasons why, like I said, he’s going like, ‘It’s just business as usual," said Dave Meltzer. [H/t: Ringside News]
During an investigation of a $3M settlement WWE CEO Vince McMahon agreed to pay a departing employee w/whom he allegedly had an affair, the WWE board has unearthed other, older NDAs involving claims of misconduct against McMahon & another top exec. wsj.com/articles/wwe-b…
WWE's internal message to staff following the allegations against Vince McMahon
Mr. McMahon has been no stranger to controversy throughout his life. The Chairman of WWE is once again under the microscope after recent allegations have got everyone talking. According to Brandon Thurston of Wrestlenomics, the company has sent out the following statement to its staff:
"The Wall Street Journal has published a report about WWE with allegations that we and our Board of Directors take seriously. We are cooperating fully with the independent investigation initiated by our Board of Directors."
The investigation by the WWE board into Vince McMahon began in April and uncovered previous NDA’s with former female WWE employees who made allegations of misconduct against McMahon & John Laurinaitis.
- WSJ https://t.co/oPHuqBoHbZ
It is yet to be seen how big of an impact this scandal will have on Vince McMahon and WWE as a whole. The general expectation is for the business to continue as usual until the conclusion of the investigation.
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