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

WWE CEO Vince McMahon Opens ‘SmackDown Live’ After Stepping Down, #WWE #CEO #Vince #McMahon #Opens #SmackDown #Live #Stepping Welcome to 5 0 M I N D S BLOG, This is the latest breaking information and trending broacast that we’ve for you at this time: :

WWE CEO Vince McMahon Opens SmackDown Live After Stepping Down
Vince McMahon receiving a star on the Hollywood Walk Of Fame in Los Angeles on March 14, 2008. Picture Perfect/Shutterstock

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

“It is a privilege as always to stand before you here tonight, the WWE universe,” McMahon, 76, stated in the course of the Friday, June 17, broadcast of the wrestling particular. “I’m here simply to remind you of the four words we just saw in what we call our WWE signature. Those four words are: then, now, forever, and the most important word is together. Welcome to ‘SmackDown!’”

While 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 Directors famous in a Friday assertion that McMahon had “voluntarily” determined to step down from his place as Chief Executive 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 accordance with a Wall Street Journal report earlier this month.)

“I have pledged my complete cooperation to the investigation by the Special Committee, and I will do everything possible to support the investigation,” the previous wrestler stated in a press release on the time. “I have also pledged to accept the findings and outcome of the investigation, whatever they are.”

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

“I love this company and am committed to working with the Independent Directors to strengthen our culture and our Company; it is extremely important to me that we have a safe and collaborative workplace,” Stephanie, 45, wrote in a Friday assertion. “I have committed to doing everything in my power to help the Special Committee complete its work, including marshaling the cooperation of the entire company to assist in the completion of the investigation and to implement its findings.”

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

“If you built something, you should want it to grow and prosper, with or without a family member,” the Alpha Entertainment founder stated throughout an look on the “Pat McAfee Show” in March, referring to spouse Linda McMahon, son Shane McMahon and daughter Stephanie, who all work for WWE. “The business is best for everyone. You have to look at family members as well as employees. You have to do what’s right for the business.”

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