The Attitude Era Video Package for The Vince McMahon Scandal

the longtime chief of World Wrestling Entertainment kept aiming higher and getting richer. Indeed, McMahon pioneered the strategy that Trump and Musk now embrace: never apologize, never explain, never clarify. People are so baffled by bizarre, ambitious, shameless men that such men can get away with a lot before anyone even figures out what they’re talking about.


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Of all the people who McMahon damaged in his long career as the emperor of American professional wrestling, arguably no one had more reason to hate him than Bret “the Hitman” Hart. Still, despite all McMahon put him through, Hart could never bring himself to fully denounce the man who had done so much to hurt him—until now.
McMahon, who resigned Friday from his role as executive chairman of WWE parent company TKO following accusations of sexual assault and trafficking, posed such a risk to his company that it recently called McMahon a major risk factor, listing the company leader alongside the possibility of another pandemic and class-action lawsuits. That raises serious questions about why McMahon was allowed to return to the company early last year.

Companies are required by the US Securities and Exchange Commission to detail to shareholders the risks that pose existential threats to their stakes in the company. These risks commonly include legal actions, shifting consumer demand and other run-of-the-mill corporate concerns.

In TKO’s most recent quarterly regulatory filing with the SEC, filed in September, the company noted that McMahon’s position on the board “could have adverse financial and operational impacts on our business.”

“Mr. McMahon’s membership on our board could expose us to negative publicity and/or have other adverse financial and operational impacts on our business,” the company noted in the filing. “His membership also may result in additional scrutiny.”

Although companies frequently detail potential liabilities to business, it’s extraordinary to include the very presence of the company’s leader as a risk.

That risk was realized Thursday when a former WWE employee accused McMahon of sexual assault and trafficking in a disturbing and graphic lawsuit. Janel Grant, who worked at the headquarters of the wrestling behemoth McMahon founded, alleged that McMahon promised a job ­— and later promotions ­— at WWE in exchange for sex. Grant’s lawsuit also includes allegations that McMahon trafficked her to other men inside and outside of the company.

McMahon has denied the allegations, and said he is prepared to defend himself in court. But, in a statement Friday, McMahon said that he resigned “out of respect for the WWE Universe.”

TKO did not respond to CNN’s questions about why it allowed McMahon to return to the company.


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