Vince McMahon is voluntarily stepping back from his responsibilities as CEO of WWE.
Time will tell if the move is temporary or permanent.
McMahon is under investigation due to alleged misconduct, which includes paying hush money to a former employee. Stephanie McMahon, who recently announced her decision to take time away from her role as Chief Business Officer, will serve as interim CEO.
There are wide-reaching ramifications for the future of WWE at stake.
McMahon is not the only one being investigated for inappropriate activity. John Laurinaitis, who is head of Talent Relations, was also named in the Wall Street Journal report.