Vince McMahon Retires Amid W.W.E. Board Investigation

A representative for W.W.E., asked why Mr. McMahon was retiring, provided a link to Mr. McMahon’s statement, in which he mentioned his age.

Mr. McMahon took over the company, then called Capitol Wrestling Corporation, from his father, Vince Sr., in 1982 and built it into a television and live-event business while playing a starring role in the entertainment. In 2008, The New York Times said many knew him as “a broad-shouldered, insult-spewing narrator in the ring.” Mr. McMahon was awarded a star on the Hollywood Walk of Fame that same year.

Based in Stamford, Conn., the company reported more than $1 billion in revenue for 2021. W.W.E. says it stages some 500 live events a year, and its programs are aired in 30 languages and are distributed through NBCUniversal and Fox Sports, among others.

Article source: https://www.nytimes.com/2022/07/22/business/vince-mcmahon-retires-wwe.html