(Reuters) - WWE Inc said on Friday it launched an investigation into alleged misconduct by longtime Chief Executive Vince McMahon and appointed his daughter Stephanie as interim head. McMahon has voluntarily stepped back from his responsibilities as CEO and chairman until the review is over, the company said. The company, which produces and distributes weekly wrestling shows "Raw" and "Smackdown", said McMahon, 76, will retain his creative content responsibilities during this period. The probe by the board includes Laurinaitis, the company said on Friday. Stephanie McMahon, who has been often touted as her father's successor, took a leave of absence last month to focus on her family.
Source: Wall Street Journal June 17, 2022 12:16 UTC