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WWE and its parent company, TKO, have said that they take Grant's allegations "very seriously." Staying in touchMcMahon has also talked to Trump, according to two of the people close to the wrestling impresario. The two billionaires have been in touch regularly, according to a person close to McMahon, although it isn't clear what they've discussed. Another person close to McMahon said that the two men don't discuss their legal problems and that Trump doesn't provide legal advice. Publicly, Johnson has thanked TKO and WWE executives regarding his addition to the TKO board earlier this year.

Persons: Vince McMahon, Donald Trump, Mark, McMahon, Janel Grant, he's, hasn't, Mark Shapiro, doesn't, McMahon hasn't, Paul, Levesque, Stephanie McMahon, wasn't, Jessica Rosenberg, Grant's, Jan, John Laurinaitis, Janel, couldn't, Ann Callis, Grant, Nicholas Biase, Linda McMahon, McMahon's, Bill Pugliano, Donald J, Trump, Dwayne, Johnson, John Cena, Cena, Howard Stern, I'm, William Morris, Cena didn't, Endeavor Group's, Ari Emanuel, Brendan Mcdermid Organizations: WWE, Austin Straubel, Getty, World Wrestling, NBC News, CNBC, Triple, Federal, U.S, Attorney's, Southern, of, Trump, WWE Hall of Fame, PAC, Trump Media, Technology Group, Street Journal, Trump Foundation, Hollywood, William, William Morris Endeavor, Endeavor Group, Endeavor, Endeavor Group's UFC, Longtime Hollywood, New York Stock Exchange Locations: Green Bay , Wisconsin, United States, Caicos, Italy, of New York, Connecticut, Manhattan, Atlantic City, Trump's, York, New York City, U.S

☆ CBS News is trying something new in streaming
▼ + stars: | 2024-04-10 | by ( Oliver Darcy | ) edition.cnn.com time to read: +5 min

New York CNN —CBS News is overhauling its streaming platform. We sent some questions over to McMahon about CBS News’ ambitions in the streaming space. Can you elaborate on the decision-making process that led to the expansion and rebranding of CBS News’ streaming platform? CBS was the first network to launch streaming channels …. We’re combining the newsgathering and speed of our local teams with national scale and depth to serve all of America.

Persons: Tiffany, Wendy McMahon, ” John Dickerson’s, McMahon, It’s Organizations: New York CNN, CBS, CBS News, CNN, NBC News, CBS Stations Locations: New York, Cleveland, Las Vegas, America, Midwest, newsrooms

☆ So, can we stop calling pro wrestling 'sports entertainment' now?
▼ + stars: | 2024-04-10 | by ( Katie Notopoulos | ) www.businessinsider.com time to read: +3 min

For years, the WWE has called itself "sports entertainment" instead of pro wrestling. Since the early 2000s, back even when World Wrestling Entertainment was still called WWF, the company has carefully referred to its scripted grappling as "sports entertainment" rather than "professional wrestling." Now, it seems that the verboten phrase — "pro wrestling" — is back as part of a series of changes made after McMahon left the company. A source familiar with internal policies at WWE told Business Insider that use of the term "pro wrestling" has been relaxed in the past year. For the moment, pro wrestling did indeed win out over sports entertainment.

Persons: John Cena, —, Michael Cole, Vince McMahon, McMahon, — Ibou, Cena Organizations: WWE, Service, Undertaker, Wrestling Entertainment, XFL, Netflix, Wrestling, Sports Entertainment, Rock

☆ Trump’s campaign said it raised $50.5 million at a high-dollar Florida fundraiser
▼ + stars: | 2024-04-07 | by ( ) www.cnbc.com time to read: +6 min

Donald Trump's campaign said it raised $50.5 million on Saturday, a staggering reported haul as his campaign works to catch up to the fundraising juggernaut of President Joe Biden and the Democratic Party. Trump and the GOP announced earlier in the week that they raised more than $65.6 million in March and closed out the month with $93.1 million. Biden and the Democrats announced Saturday that they took in more than $90 million last month and had $192 million-plus on hand. Campaign fundraising reports filed with the Federal Election Commission detailing donations from Saturday's event are not expected until a mid-July filing date. But when checks of any amount are written to the combined campaign, the campaign and Save America get paid first by default.

Persons: Donald Trump, John Paulson, Melania Trump, —, that's what's, Trump, Biden, Chris LaCivita, Susie Wiles, Bill Clinton, Barack Obama, Donald Trump's, Joe Biden, Jaime Harrison, Lara Trump, Robert Bigelow, Ron DeSantis, John Catsimatidis, Linda McMahon, Steve Wynn, Georgia Sen, Kelly Loeffler, South Carolina Sen, Tim Scott, Doug Burgum, Vivek Ramaswamy —, Nelson Mandela, South Africa's, Jasmine Harris, Jesus Christ, that's Donald Trump Organizations: America, Trump, Republican, Radio City Music Hall, Democratic Party, GOP, Mar, Democratic, Federal, Commission, Republican National Committee, Save, RNC, Save America, Florida Gov, World Wrestling Entertainment, Small Business Administration, South, Tim Scott , North Dakota Gov Locations: Palm Beach , Florida, Beach , Florida, New York, Florida, Las Vegas, Georgia, South Carolina, Tim Scott , North, York

☆ Trump turns to his 'old cast' to raise millions for 2024 and the PAC paying his legal bills
▼ + stars: | 2024-03-25 | by ( Brian Schwartz | ) www.cnbc.com time to read: +5 min

The hedge fund founder is hosting a splashy fundraising dinner for Trump April 6 at his house in Palm Beach, Florida. But Paulson is not the only GOP kingmaker who is privately gearing up to help Trump. "It's the old cast coming back together to take it across the finish line," said an advisor to one of Trump's bundlers. Many of these "old cast" members are business leaders who have been close to Trump for years. As for the money going to pay Trump's legal bills, at least some of the people attending the Paulson event don't seem to care.

Persons: Donald Trump, John Paulson, Mike Segar, Trump, Paulson, Republican megadonor Rebekah Mercer, Robert Mercer, Rebekah, Oliver Contreras, Rebekah Mercer, Todd Ricketts, Wilbur Ross, Small Business Administration Linda McMahon, Woody Johnson, Meredith O'Rourke, Susan Necheles, Brendan Mcdermid Organizations: Economic, of New, Reuters Veteran, CNBC, Trump, GOP, Republican, New York, The Heartland Institute, Washington Post, Chicago Cubs, Trump Commerce, Small Business Administration, Trump's, New York Jets, NBC News, Save America PAC, Republican National Committee, America, Former U.S, Reuters Trump Locations: of New York, Manhattan , New York, U.S, Palm Beach , Florida, Palm Beach, Trump, Washington ,, Trump's U.S, United Kingdom, Former, New York City

☆ Logan Paul’s Prime becomes WWE’s first-ever logo to appear on its wrestling ring mats
▼ + stars: | 2024-03-11 | by ( Jordan Valinsky | ) edition.cnn.com time to read: +3 min

New York CNN —WWE and Logan Paul’s Prime have struck a “record-setting” deal to feature the sports drink as the first-ever brand logo to appear in the center of the wrestling mat. Notably, the deal is for Prime Hydration and not for its energy drink, Prime Energy, which riled up some US lawmakers last year for its high caffeine content. In January, Netflix acquired the exclusive rights to “WWE Raw,” currently seen weekly on Comcast’s USA cable network. However, controversy surrounded the company when disturbing allegations of sexual assault, trafficking and physical abuse against WWE founder Vince McMahon came to light. McMahon, who has denied the accusations, resigned from the company a few days later.

Persons: Logan, ”, Paul, Jake, “, Bud Light, Mat, Dwayne “, ” Johnson, Vince McMahon, McMahon Organizations: New, New York CNN, WWE, Bank, Prime Energy, UFC, Modelo, Netflix, Comcast’s USA Locations: New York, ”

☆ Trump-allied election groups burned through millions with no evidence of widespread fraud
▼ + stars: | 2024-03-05 | by ( Brian Schwartz | ) www.cnbc.com time to read: +8 min

Jonathan Ernst | ReutersThe mission of the Election Integrity Alliance, likewise, was ending election fraud. "The Election Integrity Alliance will unite groups and efforts across the nation focused on combating election fraud," the group's now-defunct website trumpeted in 2021. But Trump never publicly designated the Election Integrity Alliance as the standard bearer for the MAGA universe's election integrity efforts. AFPI also launched an election integrity effort, the Center for Election Integrity, and staffed it with former Trump White House press aide Hogan Gidley and conservative author Ken Blackwell. It even launched its own color-coded election integrity scorecard map, which looks strikingly similar to the one that the Election Integrity Alliance had created for its now-deleted website.

Persons: Donald Trump, Shannon Stapleton, Joe Biden, Trump's, Brad Parscale, Parscale, Trump, Jonathan Ernst, Katrina Pierson, Pierson, Drew Angerer, Tim Dunn, Dunn, Jim Renacci, PCG, Jenna Ellis, Ken Paxton, Bernard Kerik, MAGA, Linda McMahon, Larry Kudlow, Brooke Rollins, AFPI, Hogan Gidley, Ken Blackwell, Cleta Mitchell Organizations: Winthrop Coliseum, South Carolina Republican, Reuters, Trump, Republican Party, CNBC, PAC, U.S, Alliance, Jefferson Rising Fund, Republican, Tower, Getty, hasn't, Partners, American, New York Police, Mar, Policy, Small Business, White, West Wing, Center, Trump White House, Heritage Foundation Locations: Rock Hill , South Carolina, U.S, United States, Manchester , New Hampshire, Texas, New York City, American, Ohio, Israel, New York, Trump, Florida, America, Palm Beach

☆ Trump vs. Biden economy: What messaging are voters looking for?
▼ + stars: | 2024-02-27 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailTrump vs. Biden economy: What messaging are voters looking for? Steve McMahon, Purple Strategies CEO, and Marc Short, former chief of staff to Vice President Mike Pence and former White House Director of Legislative Affairs for President Donald Trump, join 'Squawk Box' to discuss the state of the economy, which 2024 presidential candidate will be better for the economy, the issue of border security, and more.

Persons: Steve McMahon, Marc Short, Mike Pence, Donald Trump Organizations: Email Trump, Biden, Purple, White, Legislative Affairs

☆ Flaco’s Crash Might Have Been More Than Bad Luck. Here’s Why.
▼ + stars: | 2024-02-24 | by ( Catrin Einhorn | ) www.nytimes.com time to read: +1 min

Flaco spent a year defying expectations, an owl born into captivity who quickly learned to hunt and fend for himself in the wilds of New York City. Did he hit a window that he failed to perceive as glass, like hundreds of millions of birds across the United States each year? Or was he compromised in some way that impeded his ability to navigate New York’s concrete canyons? His initial examination, performed Friday by the Wild Bird Fund, a rescue group, showed a contusion on his chest and an impact to his right eye. He may have been dead by the time he hit the ground, said Rita McMahon, the group’s director.

Persons: Flaco, Rita McMahon, Ms, McMahon Organizations: Wildlife Conservation Society, Bird Fund Locations: New York City, Central, United States

☆ Meta suffered another costly glitch that caused advertisers to overspend — and some say the problem is getting worse
▼ + stars: | 2024-02-23 | by ( Lauren Johnson | ) www.businessinsider.com time to read: +4 min

The ad buyers said they did not know what caused Meta's glitch. And there's no guarantee ad buyers will ever get the full amount they've lost. Advertisers continue to battle Meta glitchesThe overspending glitch is the latest in many issues advertisers have had with Meta's ad tools breaking. He estimated that he spends five to 10 hours a month per client working on Meta glitches. "If I look at where we spend most of our money across four platforms — which is Google, Microsoft, Amazon, and Meta — Meta would be the one who's the most dysfunctional," he said.

Persons: —, Tom Brown, CPMs, Brown, Andrew Faris, Milo McMahon, Faris, I'm, Duane Brown, McMahon, AJF Growth's Faris Organizations: Service, Business, Meta, BRND Labs, Outdoor, Google, Microsoft

☆ Debra OConnell to Oversee News at Disney
▼ + stars: | 2024-02-14 | by ( John Koblin | More About John Koblin | ) www.nytimes.com time to read: +1 min

The Walt Disney Company announced on Wednesday that a longtime executive at the company, Debra OConnell, would become the president of a newly created division that will include ABC News and the company’s local stations. Image Debra OConnell will become the president of a newly created division that will include ABC News and the company’s local stations. Credit... Randy Shropshire/Variety, via Getty ImagesThe reorganization mirrors what has taken place at other network news divisions. Several executives at NBC News report to Cesar Conde, the chairman of the so-called NBCUniversal news group, a division that includes local news and cable networks like MSNBC. Wendy McMahon, the president of CBS News, also oversees local stations.

Persons: Debra OConnell, OConnell, ” Kim Godwin, Debra, ” Dana Walden, Randy Shropshire, Cesar Conde, Wendy McMahon Organizations: Walt Disney Company, ABC, America, ABC News, Disney Entertainment, Variety, Getty, NBC, MSNBC, CBS News

☆ How Vince McMahon built an empire on fakery and taught Donald Trump to control a crowd
▼ + stars: | 2024-02-13 | by ( Allison Morrow | ) edition.cnn.com time to read: +9 min

New York CNN —Netflix recently bet $5 billion on the idea that pro wrestling is due for a renaissance. The potential liability for Netflix, though, lies with World Wrestling Entertainment’s longtime puppet master and promoter, Vince McMahon. CNN: Vince McMahon has been a powerful force in American culture over the last 40 years, but I think that’s hard to convey to non-wrestling fans. Riesman: For about 40 years, Vince McMahon was the central actor and gravitational point for the American and Canadian professional wrestling industry. There’s kayfabe, and then there’s what Vince really pioneered, which is neokayfabe, a term I made up.

Persons: CNN Business ’, ”, Hulk Hogan, That’s, Wrestling Entertainment’s, Vince McMahon, McMahon, didn’t, Abraham Josephine Riesman, “, ” Riesman, Dwayne “, ” Johnson, Steve Austin, Donald Trump, Riesman, Vince, Donald Trump’s, Vince’s, Donny Trump, Trump, Linda, I’m, It’s, There’s, You’re, you’re, Vince McMahon’s, Mr, McMahon ”, Sammy Stein — Organizations: CNN Business, New York CNN, Netflix, Wrestling, WWE, Wall Street, CNN, American, Trump, Trump . CNN, Endeavor Locations: New York, America, Canadian, Queens, United States

☆ Shares of UFC and WWE parent company are primed to rally 40%, Jefferies says
▼ + stars: | 2024-02-12 | by ( Pia Singh | ) www.cnbc.com time to read: +4 min

Jefferies thinks investors should buy up TKO Group , calling the company a "knockout combo" of two major entertainment giants. That price target suggests shares could jump more than 39 % from Friday's close. The company is 51% owned by Endeavor Group Holdings, which owns UFC and Hollywood talent agency WME, and 49% owned by WWE shareholders. That price target suggests shares could jump more than 39% from Friday's close. Kronos Worldwide Inc KRO ANALYST CONSENSUS 3 Ratings Hold 0 Strong Buy 0 Strong Buy 1 Buy 1 Buy 0 Hold 0 Hold 2 Underperform 2 Underperform 0 Sell 0 Sell Current Price ( ) 11.00 Highest Price Target Upside (-4.3%) 8.67 Average Price Target 7.00 Lowest Price Target

Persons: Jefferies, Randal Konik, WME, Ari Emanuel, Konik, Dana White, Vince McMahon, Ariel Emanuel, Mark Shapiro, Michelle Farsi, Kronos Organizations: World Wrestling Entertainment, Endeavor Group Holdings, UFC, Hollywood, WWE, Endeavor, New York Stock Exchange, Getty, Inc Locations: Friday's, New York City

☆ Win over job candidates with these responsible AI best practices
▼ + stars: | 2024-02-12 | by ( Sponsor Post | Created Indeed With | ) www.businessinsider.com time to read: +8 min

When it comes to AI in hiring, there's a disconnect between how employers and job seekers view the technology. "Helping candidates understand where in the process their application will interact with AI tools is really useful." In Indeed's AI survey, 60% of job seekers expressed concern about bias in the data that trains employers' AI hiring systems. Avoid the resume black holeMany job seekers perceive AI tools as hyper-focused on keywords, ignoring a candidate's full story. Don't sacrifice the humanity of hiringA looming concern among job seekers is that using AI in hiring will replace the personal touch.

Persons: Donal McMahon, Hannah Calhoon, Alan Walker, haven't, Calhoon, McMahon, —, Walker, we're Organizations: Pew Research Center, Data, Fortune, Harvard Business School, ATS, Insider Studios

Last week, the company, McMahon and a former WWE executive were sued by a former employee alleging those crimes. McMahon has also discussed being under federal investigation and having a phone seized by federal officials, a senior-level WWE executive and another personal friend told NBC News. Representatives for McMahon, TKO Group and WWE did not immediately respond Friday to requests for comment on the federal investigation. McMahon is no stranger to allegations of sexual assault — and has survived several during his reign at the company. McMahon also faced federal conspiracy charges alleging orchestrated steroid use among WWE wrestlers, and he was found not guilty by a jury in 1994.

Persons: Vince McMahon, McMahon, Nicholas Biase, Janel Grant, John Laurinaitis, Laurinaitis, Rita Chatterton Organizations: MetLife, Former, Wrestling Entertainment, NBC News, WWE, U.S, Attorney's Locations: East Rutherford , New Jersey

☆ Who can rein in Elon Musk? Someone you’ve probably never heard of
▼ + stars: | 2024-01-31 | by ( Allison Morrow | ) edition.cnn.com time to read: +4 min

But this week, a Delaware state judge handed down a message that Musk and other powerful men in America seldom hear: Nope. The outcome of Musk’s pay package dispute is the latest instance of a towering, brash business leader getting put in his place by the one institution powerful enough to do so: US courts. Kathaleen McCormick struck down Elon Musk’s 2018 Tesla pay package after an investor challenged it as excessive. Kathleen Flynn/ReutersAmong the threads connecting Musk, Trump and McMahon is a history of evading negative consequences. “And if that’s the case, let that be a message to other people: The litigation system actually does work.”The pay package dispute wasn’t McCormick’s first rodeo with Musk.

Persons: CNN Business ’, New York CNN — Elon Musk, Kathaleen McCormick, who’d, Donald Trump, Trump, Vince McMahon, McMahon, Elon, Kathleen Flynn, Eric Talley, Talley, ”, Musk, McCormick, McCormick didn’t, “ We’ve, ‘, ’ ” Talley, “, Katie McCormick Organizations: CNN Business, New York CNN, Bloomberg, World Wrestling Entertainment, Reuters, Trump, Columbia, Twitter Locations: New York, Delaware, America

But the donors in the American Opportunity Alliance do not move in unison, and people supporting Ms. Haley — and who had supported Gov. Some members of the group have been open about wanting a candidate other than Mr. Trump. Mr. Trump also has repeatedly attacked major donors as being part of the “swamp” that he derides. The network supported Ms. Haley, but as The New York Times recently reported, some of its donors regretted that endorsement. They also suggested that they would be focusing intensely on Senate and House races, especially if Mr. Trump became the nominee.

Persons: Republican megadonors, Donald J, Trump, Nikki Haley, Haley’s, Betsy Ankney, Trump’s, Susie Wiles, Puck, Ricketts, Paul Singer, Kenneth Griffin, Haley —, Ron DeSantis, Haley, Mr, DeSantis, —, Linda McMahon, President Trump, Nikki Haley’s, Mark Kauzlarich, Jean Carroll, Koch, Emily Seidel, Michael Palmer, Ms Organizations: Republican, American Opportunity Alliance, Chicago Cubs, Sunday, New, Small Business Administration, President, The New York Times, Trump Republican Party, Mr, Prosperity, New York Times Locations: Palm Beach, Fla, Florida, Dallas, Iowa, New Hampshire, South Carolina, Indian Wells, Calif

☆ The WWE knew Vince McMahon was a liability. So why did it bring him back after his scandalous departure?
▼ + stars: | 2024-01-29 | by ( Kyle Feldscher | David Goldman | ) edition.cnn.com time to read: +8 min

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

☆ Paul ‘Triple H’ Levesque makes public comments after WWE employee’s sex trafficking accusations against Vince McMahon
▼ + stars: | 2024-01-28 | by ( Elisabeth Buchwald | Eva Rothenberg | ) edition.cnn.com time to read: +2 min

New York CNN —Paul “Triple H” Levesque, the chief content officer at World Wrestling Entertainment, made his first public comments after Vince McMahon resigned Friday from the board of WWE’s parent company, TKO Group Holdings, in the wake of a former employee’s lawsuit accusing McMahon of sex trafficking, sexual assault and physical abuse. The horrifying allegations against McMahon were brought forward by Janel Grant, who worked at WWE’s headquarters. Grant alleged McMahon promised a job — and later promotions — at WWE in exchange for sex. Grant’s lawsuit also includes allegations McMahon trafficked her to other men inside and outside the company, including John Laurinaitis, a former wrestler who worked in the company’s talent relations department. The deal valued the newly combined company at over $21 billion, with WWE shareholders owning 49% of the combined company.

Persons: New York CNN — Paul “, New York CNN — Paul “ Triple H ” Levesque, Vince McMahon, McMahon, WWE’s, Levesque, McMahon’s, ” Levesque, he’s, Janel Grant, Grant, —, John Laurinaitis, Laurinaitis, Ari, Cody Rhodes, Dwayne “, ” Johnson, Samantha Delouya, Elizabeth Wagmeister, Jordan Valinsky Organizations: New, New York CNN, New York CNN — Paul “ Triple, World Wrestling Entertainment, Holdings, WWE, Endeavor, UFC, Netflix Locations: New York, St . Petersburg , Florida, WWE’s, Laurinaitis, Hollywood

☆ Sex Assault Claims Against McMahon Shadow a W.W.E. Trying to Move Forward
▼ + stars: | 2024-01-28 | by ( Kevin Draper | ) www.nytimes.com time to read: +1 min

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

☆ Vince McMahon resigns from WWE parent company board following sex abuse lawsuit
▼ + stars: | 2024-01-27 | by ( Hannah Getahun | Associated Press | ) www.businessinsider.com time to read: +3 min

According to a statement released late Friday, McMahon stepped down from the board of directors at WWE's parent company, TKO Group Holdings. The WWE board began investigating allegations that McMahon paid off accusers for their silence following his resignation as CEO. TKO Group Holdings referred Business Insider to McMahon's statement. Advertisement"Mr. McMahon does not control TKO nor does he oversee the day-to-day operations of WWE," TKO Group said earlier this week. Representatives for Grant did not immediately respond to a request for comment from Business Insider.

Persons: —, Vince McMahon, McMahon, Janel Grant, Grant, Nick Khan Organizations: Service, Business, Holdings, WWE, World Wrestling Federation Locations: Connecticut

☆ Vince McMahon, WWE founder, resigns amid sex trafficking allegations
▼ + stars: | 2024-01-26 | by ( Samantha Delouya | ) edition.cnn.com time to read: +5 min

CNN —Vince McMahon has resigned from his role as executive chairman of TKO, the parent company of WWE, following disturbing allegations of sexual assault, trafficking and physical abuse. In the lawsuit, Grant alleged that McMahon dangled a job offer at WWE – and later promotions – in exchange for sex. McMahon engaged in acts of “extreme cruelty and degradation” toward Grant during her time at WWE, the lawsuit alleged. He initially retired from his role as CEO and chairman of WWE in July 2022 amid allegations of sexual misconduct. The investigation was closed in November 2022 and McMahon returned to WWE’s board in January 2023.

Persons: Vince McMahon, Janel Grant, behemoth McMahon, McMahon, ” McMahon, Grant, John Laurinaitus, Nick Khan, ” Khan, “ McMahon, ” McMahon’s, Grant’s, Ari, “, Ann Callis, McMahon’s, Dwayne “, ” Johnson, ”, Johnson Organizations: CNN, WWE, UFC, Hollywood, Ari Emanuel’s Endeavor Group, Netflix Locations: Laurinaitis

McMahon stepped down from the his position as executive chairman of the board of directors at WWE’s parent company, TKO Group Holdings, according to a statement released late Friday. McMahon's statement said that he was leaving the board “out of respect” for WWE and TKO Group. McMahon does not control TKO nor does he oversee the day-to-day operations of WWE,” TKO Group said earlier this week. According to the lawsuit, McMahon lived in the same building as Grant and in 2019 offered to get her a job at WWE after her parents died. “WWE benefited financially from the commercial sex act venture orchestrated by McMahon, including by having wrestling talent, such as WWE Superstar, sign new contracts with WWE after McMahon presented Plaintiff as a sexual commodity for their use,” the lawsuit states.

Persons: Vince McMahon, McMahon, Janel Grant, Grant, ”, “, ” McMahon, “ Mr, ” Grant, John Laurinaitis, Laurinaitis, McMahon lavished, —, Ms, Ann Callis Organizations: WWE, AP, World Wrestling Federation, Holdings, “ WWE Locations: STAMFORD, Conn, Connecticut

☆ Vince McMahon Cuts W.W.E. Ties After Sex Trafficking Accusation
▼ + stars: | 2024-01-26 | by ( Kevin Draper | ) www.nytimes.com time to read: +1 min

Vince McMahon, the longtime chairman and former chief executive of World Wrestling Entertainment, resigned from the board of W.W.E.’s parent company on Friday, one day after a former employee accused him of sexual assault and sex trafficking in a lawsuit. Mr. McMahon, 78, was the executive chairman of TKO Group, the parent company of W.W.E., where he no longer held a formal position. “He will no longer have a role with TKO Group Holdings or W.W.E.,” Mr. Khan wrote in the email, a copy of which was obtained by The New York Times. The lawsuit, filed on Thursday in U.S. District Court in Connecticut, accuses Mr. McMahon of trafficking the employee, Janel Grant, as well as physically and emotionally abusing her. executive, and the company itself as defendants, says that Mr. McMahon and Mr. Laurinaitis had once taken turns raping Ms. Grant, among numerous other allegations.

Persons: Vince McMahon, McMahon, Nick Khan, “, ” Mr, Khan, Mr, Janel Grant, John Laurinaitis, Laurinaitis, Grant Organizations: World Wrestling Entertainment, The New York Times Locations: Connecticut

Vince McMahon, executive chairman of the board of TKO Group Holdings and founder of wrestling giant WWE, has resigned his positions at both companies, according to a WWE memo obtained by CNBC and confirmed by the company. "Vince McMahon has tendered his resignation from his positions as TKO Executive Chairman and on the TKO Board of Directors. He will no longer have a role with TKO Group Holdings or WWE," said Nick Khan, president of the WWE. The announcement came in the wake of allegations made public Thursday, of sexual assault and sex trafficking, against McMahon. The latest allegations against McMahon were in a lawsuit filed by Janel Grant — who alleges McMahon directed her to have sex with a WWE "superstar" and other men.

Persons: Vince McMahon, Nick Khan, McMahon, Janel Grant —, Grant's, Grant, John Laurinaitis Organizations: WWE, MetLife, Holdings, CNBC Locations: East Rutherford , New Jersey, U.S, Connecticut

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