Wrestling Observer editor and publisher Dave Meltzer appeared on CNN today to discuss Vince McMahon stepping down as WWE CEO amid hush money allegations.
WWE announced in a press release on Friday morning that McMahon would step down as CEO while the company's board of directors investigates misconduct allegations against McMahon and WWE head of talent relations John Laurinaitis related to payments and nondisclosure agreements.
The Wall Street Journal reported on Wednesday that WWE's board was investigating a $3 million payment that McMahon had allegedly made to a former employee that he had allegedly had an affair with. In the course of investigating the $3 million payment allegedly paid with McMahon's personal funds and not company money, the board uncovered previous NDAs relating to McMahon and Laurinaitis.
Stephanie McMahon has been appointed interim CEO and Chairwoman of WWE while the investigation continues.
Dave's segment on CNN can be seen below.