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June 20, 2022 Observer Newsletter: Vince McMahon under investigation by WWE Board of Directors

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A Wall Street Journal story on 6/15 noted that the WWE Board of Directors were investigating accusations of payoffs made by Vince McMahon to multiple women that he and Talent Relations head John Laurinaitis had affairs with to keep them quiet.

The start of the investigation into this story started on 3/30 when board members were sent an email that alleged that McMahon had agreed to pay $3 million to a 41-year-old woman who worked as a paralegal, and later as an assistant to Laurinaitis.

The email was anonymous, stating to be from a friend of the woman. While the payoff itself is notable, it apparently came from McMahon’s personal funds and not from the company, which is a key distinction. But what could be the more dangerous revelation is that the article and the letter said that McMahon hired the woman at $100,000 per year in 2019, and then increased that figure to $200,000 after he began having sexual relationship with her. If that was true, that is company funds, and a gigantic impropriety. If her raise can be tied into her affair, Vince McMahon’s future could be in jeopardy.

Subscribers can read this week's Observer Newsletter here.