The timing of Stephanie McMahon announcing her leave of absence from WWE has opened up a lot of questions. It was not long after Stephanie stepped down that her father, Vince McMahon, was accused of paying hush money to an employee he had an affair with. WWE officials have been accused of attempting to bury Stephanie on her way out, and one source believes it was all about preserving the company’s stock price.
It has been widely reported that higher-ups in WWE wanted to bury Stephanie McMahon as she left. That was an abnormal practice, as previous executives did not receive the same treatment. One expert with knowledge of the situation believes it was done to ease investor fears about the reason for McMahon’s departure.
In the latest Wrestling Observer Newsletter, Dave Meltzer discussed the situation. Meltzer’s source believes investors may have been spooked by the heir apparent of WWE suddenly leaving. The burial was an attempt to pre-emptively show that nothing was wrong with the company at-large.
“One person with extensive knowledge of that aspect of the story said that they believed Stephanie McMahon being buried was a pre-emptive move to preserve the stock price. To the outside world, the idea of Vince McMahon’s daughter and the [heir] apparent to the top position in the company leaving the company she’s worked for her entire adult life would sound like something is wrong with the company. So they leak out that she underperformed at her job and her father pushed her out so that would explain that there wasn’t anything wrong, she was just not good at her job.”
Stephanie McMahon was aware of the allegations against her father before the story went public. Some sources still say that her hiatus had nothing to do with it. Perhaps WWE’s independent investigation will tell us more in the coming weeks and months.
For now, Stephanie McMahon is the interim CEO of WWE. Vince McMahon will retain his duties as head of creative. As the investigation goes on, a lot of major changes could be coming in Stamford.
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