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Entertainment

Christopher Dean Hopkins

Vince McMahon steps down as WWE CEO while the company investigates alleged misconduct

Vince McMahon WWE Linda McMahon Stephanie McMahon John Laurinaitis

WWE Chairman and CEO Vince McMahon speaks at a news conference in January 2014. (Ethan Miller/Getty Images)

World Wrestling Entertainment CEO Vince McMahon is stepping aside away from the business side of the wrestling company while an investigation is conducted into an alleged hush-money payment to cover up sexual misconduct, the WWE and its board of directors announced Friday.

McMahon has run the company for 40 years after taking over for his father in 1982, when it was known as the World Wrestling Federation. He'll still maintain control of the WWE's creative output during the investigation, and the company announced he'd appear on Friday night's episode of SmackDown.

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