Vince McMahon takes 'Smackdown' stage after misconduct allegations emerge - CNN

"Mr. McMahon," the executive's in-ring persona, stored things brief.

"it's a privilege as always to face before you right here tonight," McMahon noted to the crowd in Minneapolis, Minnesota.

McMahon told the audience that he became there to with no trouble remind the gang of the 4 words that make up the "WWE signature."

"those four phrases are 'then,' 'now,' 'always,' and the most essential note is 'together,'" he talked about. "Welcome to Smackdown!"

McMahon then left the ring as his theme music, "No possibility in Hell," performed.

The longtime chief of the wrestling company is being investigated by way of the company's board for agreeing to pay a secret $three million settlement to a former worker he allegedly had an affair with, according to a Wall street Journal record. On Friday morning, the enterprise announced that McMahon has agreed to step away from his function as chairman and CEO while the investigation is ongoing.

His daughter Stephanie McMahon will function meantime CEO and chairwoman, the enterprise pointed out in a statement on Friday.

As for McMahon's in-ring persona, he won't be going anywhere for now. McMahon will hold his role involving WWE's artistic content material and may appear as his personality throughout fits as the investigation plays out.

The separation contract was reportedly made in January between McMahon and the former unnamed worker. It averted the worker, who changed into employed as a paralegal, "from discussing her relationship with Mr. McMahon or disparaging him," based on the Journal.

The investigation, which begun in April, has "unearthed different, older nondisclosure agreements involving claims through former female WWE personnel of misconduct with the aid of Mr. McMahon," the Journal pointed out. different misconduct claims had been reportedly discovered towards John Laurinaitis, the business's head of talent family members.

"I even have pledged my finished cooperation to the investigation by way of the particular committee, and that i will do every thing viable to help the investigation," McMahon referred to in an announcement Friday. "I have additionally pledged to accept the findings and influence of the investigation, whatever they are."

McMahon introduced within the commentary that he loves the WWE (WWE) and is "committed to working with the impartial administrators to support our way of life."

"it's extremely crucial to me that we have a safe and collaborative workplace," he observed. "I actually have dedicated to doing everything in my vigor to aid the particular Committee finished its work, together with marshaling the cooperation of the entire enterprise to aid within the completion of the investigation and to implement its findings."

As Friday's look on "Smackdown" shows, McMahon has been a vital part of the WWE for a long time, both as an government and as a wrestler himself.

He grew to become the company into a worldwide media powerhouse, which presently has predominant broadcasting and streaming deals with Fox and NBCUniversal. McMahon has additionally helped to create many noted wrestlers, together with The Rock, John Cena and Stone cold Steve Austin, all of whom have crossed over into pop lifestyle.

— CNN enterprise' Jordan Valinsky contributed to this document.

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