The Wall Street Journal reported over the summer McMahon agreed to pay millions over the past 16 years to suppress allegations of sexual misconduct and infidelity.
STAMFORD, Conn. — Vince McMahon is rejoining the board of WWE several months after he retired from the sports entertainment company during an investigation into alleged misconduct.
WWE said Friday that McMahon, the founder and majority shareholder of WWE, would return as executive chairman. It also announced a board shakeup.
Shares surged more than 22%.
McMahon retired as WWE’s chairman and CEO in July. He had stepped down temporarily from the posts a month earlier. The Wall Street
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