NEW YORK (AP) — World Wrestling Entertainment impresario Vince McMahon says he is retiring.
In a brief statement issued by the company Friday, McMahon said he is retiring as WWE’s chairman and CEO. He noted that he remains its majority shareholder.
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McMahon stepped down as CEO and chairman of WWE in mid-June during an investigation into alleged misconduct. Earlier this month, the Wall Street Journal reported McMahon agreed to pay more than $12 million over the past 16 years to suppress allegations of sexual misconduct and infidelity.
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