WWE’s Vince McMahon Retires Amid Misconduct Allegations (1)

Wrestling promoter Vince McMahon, under investigation by his board for misconduct, announced Friday that he’s retiring.

The company will be run by his daughter, Chairwoman and Co-CEO Stephanie McMahon, and Co-CEO Nick Khan, according to a statement. McMahon, who remains the company’s controlling shareholder, said he’ll continue to support WWE in any way he can.

Vince McMahon

Photographer: Ethan Miller/Getty Images

The 76-year-old World Wrestling Entertainment Inc. executive was being investigated by his board for agreements to pay $12 million over the past 16 years to settle allegations of sexual misconduct and infidelity. The internal probe was first reported by the ...