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On June 17, 2022, WWE released a statement announcing that Vince McMahon would step down as CEO and President of WWE temporarily, with Stephanie Mcmahon taking over interim, effective immediately, after some investigations into his comparisons.
A little more than a month later it was then the Chairman himself who announced that he had decided to retire after years and years at the head of his company, through a tweet: "At 77, the time has come for me to retire. Thanks, WWE Universe.
So. Forever. Together." After the incident, we also learned, again through an official statement issued by McMahon himself, that his daughter Stephanie and her trusted Nick Khan would have come to power in her place: "[...] Our global audience can receive comfort in the know that WWE will continue to entertain with the same fervor, dedication and passion as ever.
I am extremely confident in the continued success of WWE, and I leave our company in the capable hands of an extraordinary group of Superstars, employees and executives - in particular, both President and Co-CEO Stephanie McMahon and Co-CEO Nick Khan.
As the majority shareholder, I will continue to support WWE in every way possible.[…]"
Latest update on Vince McMahon
The colleague Mike Johnson of the well-known PWInsider, has made it known through an update that Vince McMahon is increasingly outside the company, in fact, he has also been removed from the internal roster.
“Vince McMahon was officially removed from WWE's internal talent roster earlier this week, PWInsider.com learned. McMahon had been listed internally as a talent alongside other talents who weren't assigned to an official brand, but who would make occasional appearances and were put under contract for WWE deals (for example, Nikki and Brie Bella and John Cena who are on the list) but McMahon is no longer on the list.
Another sign of the times is the company continues to extricate itself from direct ties with McMahon following his resignation/retirement as CEO, President, Creative Head and member of their Board of Directors." WWE veteran Dutch Mantell recently spoke about Vince McMahon and his way of thinking as the CEO/Chairman of the company.
"A stigma about it, that's what he was trying to avoid but after a while, to stick to that ideology. I don't think it worked, I think it actually made people... kind of pi**ed them off a little bit," said Mantell. "Why did Vince insist on not using the word wrestler or hospital? Nobody's ever given a reason why he would do that. Wasn't it because he didn't want it on TV correct? He didn't want those words."