Vince McMahon has reimbursed WWE for the amount of company money he paid over sexual misconduct allegations through the years.
Reports of the WWE chairman paying hush money to former employees over sexual harassment allegations came to light in April last year.
The WWE board subsequently launched an investigation into the matter. This revealed other NDAs related to allegations against McMahon and former executive John Laurinaitis that were paid for using company money.
This led to a big scandal and forced the WWE owner to retire from the promotion in July, but he has managed to squeeze his way back into the company since then.
Vince McMahon has paid WWE
A new SEC filing has revealed how much money the boss has paid back to his organization. The filing revealed that Vince McMahon has agreed to reimburse $17.4 million dollars to WWE:
“The Agreement provides that Mr. McMahon will pay the Company approximately $17.4 million to reimburse the Company for the costs that have been incurred and paid by the Company and/or its subsidiaries, through January 31, 2023, in connection with and/or arising from the investigation conducted by a special committee of the Company’s board of directors.”
The filing also noted that this payment was made on March 23rd, and that McMahon will review and pay back any additional costs incurred by the company:
“Such payment was made on March 23, 2023. The Agreement further provides that Mr. McMahon will also review in good faith and reimburse the Company for additional costs incurred by the Company and/or its subsidiaries subsequent to January 31, 2023”