The Facts
World Wrestling Entertainment Inc. (WWE) CEO Vince McMahon reportedly paid over $12M in hush money to four women over the past 16 years regarding allegations of sexual harassment and infidelity.
According to the Wall Street Journal, one payment in 2018 was $7.5M to a former wrestler who claimed McMahon coerced her into sexual relations and then demoted her until her contract expired when she refused to further engage.
The Spin
Narrative A
McMahon has historically gotten away with a lot and strategically remained in charge of WWE business affairs despite a string of allegations. The latest news of sexual misconduct, however, could prove that his power and luck are running out.
Narrative B
Even with these recent allegations, the decision to resign is still in McMahon's hands. His disproportionate voting power among WWE shareholders means he can't really be voted out; unless overwhelming outside public pressure forces him to step down, he could be here to stay.