859approved
Mid-Carder
Joined on: Jun 13, 2011 10:16:17 GMT -5
Posts: 354
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Post by 859approved on Jun 15, 2022 16:20:03 GMT -5
Source: www.cnbc.com/amp/2022/06/15/wwe-board-investigates-secret-3-million-hush-payment-by-vince-mcmahon.htmlKey Points: World Wrestling Entertainment's board is investigating a $3 million hush-money settlement that CEO Vince McMahon paid a former employee over an alleged affair, The Wall Street Journal reported. A WWE spokesman told the newspaper that the company is cooperating with the board's investigation and that the relationship between McMahon and the woman was consensual. The board's probe also revealed older agreements related to misconduct claims against McMahon and another WWE executive by women who used to work at the company, the report says. |
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Post by hbkbigdaddycool on Jun 15, 2022 16:23:09 GMT -5
Vince slept with other women while being married you say?!?!
In other news, the sky is still blue and the grass is still green.
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Post by PrincessOfSunlight on Jun 15, 2022 16:25:54 GMT -5
This is a goddamn coup.
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Post by CM Tusk on Jun 15, 2022 16:29:57 GMT -5
Tony was never going to be the Khan that brought the McMahon family down. Nick smoking the whole pack.
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Deleted
Joined on: Nov 1, 2024 17:27:45 GMT -5
Posts: 0
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Post by Deleted on Jun 15, 2022 16:43:06 GMT -5
*nervous vince ear tug*
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Deleted
Joined on: Nov 1, 2024 17:27:45 GMT -5
Posts: 0
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Post by Deleted on Jun 15, 2022 16:49:29 GMT -5
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Post by PrincessOfSunlight on Jun 15, 2022 16:59:34 GMT -5
If I only could make a deal with God, get him to swap our placesโฆ.  โ99 Vince would never stand for these shenanigansโฆ. |
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Post by FLUX on Jun 15, 2022 17:02:26 GMT -5
Vince McMahon beat the federal government, WCW, Bob Costas and God himself on PPV just to go down for giving someone an Eiffel Tower with Johnny Ace.
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Post by Back to the Codyverse on Jun 15, 2022 17:42:34 GMT -5
Iโd be shocked if this amounted to very much.
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hbkowns
Main Eventer
Joined on: Aug 15, 2011 23:33:52 GMT -5
Posts: 4,283
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Post by hbkowns on Jun 15, 2022 18:54:17 GMT -5
While technically he didnโt do anything entirely ILLEGAL, it still looks pretty bad. Iโm not sure why this incident seems like the sin of all sins when he continued a wrestling event after someone died in his ring, just to think off the top of my head. Heโs done way worse, but unfortunately society wasnโt how it is today, and people didnโt really care. Rich people have done this more often than you think.
But maybeโฆjust maybe, all the wrong that Vince has done has caught up to him and heโs served a nice cold hard dish of Karma.
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Post by hitmancmedge on Jun 15, 2022 19:07:19 GMT -5
In theory this isnโt gonna amount to anything unless the board sees it as an opportunity to oust him. Thatโs it.
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stratusfaction23
Main Eventer
Joined on: Jan 29, 2002 17:18:17 GMT -5
Posts: 2,019
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Post by stratusfaction23 on Jun 15, 2022 19:18:36 GMT -5
apparently Vince and John Laurinaitis were banging one of the Divas at the same time.
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Post by BoJack Hogan on Jun 15, 2022 19:33:54 GMT -5
Work!
J/K. Iโd have been more surprised if a story like this never came outโฆmakes you wonder about Stephโs sudden exit though. She mustโve known something was up. Someone leaked it, Iโm thinking the girl who got the settlement was the โfriendโ. Whether Nick Khan is involved or not when are these guys going to learn that this $#!t has a way of getting out regardless of settlement?
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The People's Poet
Superstar
โAlright, if I'm a virgin, how come I know what a girl's bottom looks like?โ
Joined on: Apr 27, 2014 9:29:47 GMT -5
Posts: 752 
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Post by The People's Poet on Jun 15, 2022 19:48:08 GMT -5
Does this finally put to bed the rumour that Vince doesn't like Tag Teams...
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Post by K5 on Jun 15, 2022 20:05:13 GMT -5
can always count on Vince for a laugh ๐
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Post by rKoNomad316 on Jun 15, 2022 23:20:37 GMT -5
Oh Vince. Sigh
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hulkrulz4ever
Superstar
Joined on: Nov 19, 2006 0:40:44 GMT -5
Posts: 545
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Post by hulkrulz4ever on Jun 15, 2022 23:56:42 GMT -5
Iโm so confused by this whole thing. Vince owns WWE but is under investigation the WWE Board. As WWE CEO doesnโt he technically run the WWE board? If heโs found guilty whatโs the worst that happens besides him looking bad. Also, how does Nick Khan play into all of this? Very confused by it all. If anyone could explain I would appreciate it
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Post by hitmancmedge on Jun 16, 2022 5:41:07 GMT -5
Iโm so confused by this whole thing. Vince owns WWE but is under investigation the WWE Board. As WWE CEO doesnโt he technically run the WWE board? If heโs found guilty whatโs the worst that happens besides him looking bad. Also, how does Nick Khan play into all of this? Very confused by it all. If anyone could explain I would appreciate it Based on what has come out so far, the only way he legally could be in any hot water is if he spent wwe money on these NDAโs which it doesnโt look like he did. Where the board part comes into play, is if the board does this investigation and they collectively feel like their was wrong doing. Then they in theory could hold a vote and vote him out, or come up with a scenario where he quietly goes away. |
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fabulous1971
Superstar
Derp!
Joined on: Apr 1, 2022 12:29:07 GMT -5
Posts: 502
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Post by fabulous1971 on Jun 16, 2022 7:51:26 GMT -5
If Vince still holds the majority of the stock, he'll be fine. It's not like he can get fired. But with sponsors and shareholders and whatnot? I can see Vince "stepping down" to focus on his faith and blah blah blah. Khan will be the new "CEO" but Vince will still be controlling everything like he would have if he went to prison for the steroid scandal.
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Post by โ๐๐ฃ๐ ๐๐ ๐๐๐๐ on Jun 16, 2022 13:23:36 GMT -5
This could all be nonsense but here are a few interesting things I've seen from reporters or just general discussion on Twitter about this:
Much of this is from @brandonthurston of Wrestlenomics
-On the WWE investors page, its outlined as one of WWE's policies that no one at any level of the company can offer quid pro quo for personal intimacy.
-Anyone violating any investors codes will be audited by an independent investigation.
-Around 1.5 million shares of WWE stock move on an average day, but 2.1 million shares changed hands just one day before the WSJ article broke -- interesting to look at insider trading. On the other hand, Morgan Stanley rose the target price of $WWE from $60 to $75 which could explain some of the extra transactions taking place.
-Kevin Dunn may be getting investigated on insider trading as he sold $1mil in WWE stock just a few weeks after the Vince investigation began in April.
-Meltzer says WWE television deals include a morale clause in which parties can back out in cases of wrong-doing at a high level -- I assume something like a hush pact over sexual conduct could maybe be considered grounds for that?
-Meltzer said something to likes of if its proven that this money came from Vince and NOT WWE, it sort of seems like it would absolve most of the pressing issues. What's left would be the PR nightmare, which isn't anything WWE hasn't seen before.
I honestly don't know how serious this is. I could see this becoming a case where Vince has to step down if it doesn't go away quietly -- which I doubt it will. CEOs of bigger companies have had to step down for less than this. I know Vince is one-of-a-kind but he's a big corporate guy now, and if something like this is going to upset investors, sponsors, TV execs...whoever else; I don't know what the other option is.
This situation seems sort of next-level when you piece together a timeline of events, like Steph announcing her leave of absense almost a month to the day before this story broke; Kevin Dunn selling off stocks just after the investigation began; a lot of ousting of Triple H within the company for unexplained reasons. Usually WWE is just business as usual through hard times but this time seems really confusing and really structured in a way to soften a blow.
It's going to be an interesting ride.
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