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Search resuls for: "Vince McMahon —"


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CNN —WWE’s parent company knew Vince McMahon — the founder of the wrestling behemoth — was a potential liability. That risk was realized Thursday when a former WWE employee accused McMahon of sexual assault and trafficking in a disturbing and graphic lawsuit. The company said McMahon has since repaid the company about $20 million for misappropriated corporate funds and for the legal fees TKO and WWE paid to investigate McMahon. Vince McMahon, Jr., was more akin to a king than a business executive in the world of WWE, his fingerprints on everything. “I have pledged my complete cooperation to the investigation by the special committee, and I will do everything possible to support the investigation,” McMahon said in a statement at the time.
Persons: Vince McMahon, , McMahon, , Janel Grant, behemoth McMahon, , Nick Khan, McMahon’s, Donald Trump’s, Donald J, ” McMahon,  McMahon, — Vince McMahon, Vince McMahon’s, Stephanie, Jr, reinstalling, Stephanie McMahon —, Khan, What’s, Grant, CNN’s Sam Delouya, Elizabeth Wagmeister Organizations: CNN, WWE, Companies, US Securities and Exchange Commission, SEC, Wall Street, Trump Foundation, UFC, Endeavor, Securities and Exchange Commission
It was a bombastic end to one of the most consequential, and tumultuous, weeks in W.W.E.’s history. In the days between the Netflix deal and “Royal Rumble,” however, came a stark reminder of how sordid legal entanglements from the company’s recent past could reverberate in the present. employee, Janel Grant, sued Vince McMahon — the co-founder of what would become W.W.E. and the executive chairman of the board of TKO Group — and accused him of sexual assault and sex trafficking. Mr. McMahon called the lawsuit, which was filed in U.S. District Court in Connecticut, a “vindictive distortion of the truth,” but on Friday he resigned from the TKO board.
Persons: Cody Rhodes, , Dwayne Johnson, , Janel Grant, Vince McMahon, McMahon, Mr Organizations: Netflix Locations: W.W.E, U.S, Connecticut
Nobody is quite sure where the term “kayfabe” originated. It may be a bastardized form of pig Latin, something to do with the actual word “fake.” It may have its roots in the culture of wandering 19th-century carnivals, the world inhabited by P.T. Barnum and the confidence men and the salesmen who sold actual snake oil. Its modern usage, though, is sufficiently specific that only a relatively small proportion of people would even have a sense of what it means. For decades, wrestlers were expected to keep kayfabe even when they were off the clock.
Persons: , . Barnum, Abraham Josephine Riesman delineates, Vince McMahon —, Donald Trump Organizations: World, Entertainment Locations:
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