LAS VEGAS, NV - JANUARY 08: WWE Chairman and CEO Vince McMahon speaks at a news conference announcing the WWE Network at the 2014 International CES at the Encore Theater at Wynn Las Vegas on January 8, 2014 in Las Vegas, Nevada. The network will launch on February 24, 2014 as the first-ever 24/7 streaming network, offering both scheduled programs and video on demand. The USD 9.99 per month subscription will include access to all 12 live WWE pay-per-view events each year. CES, the world's largest annual consumer technology trade show, runs through January 10 and is expected to feature 3,200 exhibitors showing off their latest products and services to about 150,000 attendees. (Photo by Ethan Miller/Getty Images)
Soon after former WWE CEO Vince McMahon announced his retirement from the organization, the company revised its estimate of the total amount of hush money McMahon paid out to women to stop them from going public about McMahon’s affairs or misconduct.
It was first disclosed by WWE last month that McMahon paid out just under $15 million for “certain payments,” which should have been recorded as company expenses. After this disclosure and McMahon’s retirement announcement, the company has since located two more payments totaling $5 million per a Tuesday SEC filing.
They only noted that the payments were not what led to the initial misconduct investigation and that they were from 2007 and 2009. WWE didn’t share what the payments were for.
His daughter Stephanie McMahon and Nick Khan are now co-CEOs of the company, while Triple H assumed McMahon’s other former role of head of creative at WWE.
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