In the wake of his recent allegations and misconduct alongside John Laurinaitis, Vince McMahon decided to step down as the CEO of the WWE and Stephanie McMahon was announced to replace Vince McMahon on a temporary basis as the interim CEO.
In the latest edition of Wrestling Observer Newsletter, Dave Meltzer reported the details about who made the decision to put Stephanie as interim CEO. He stated that Stephanie McMahon was elected as interim CEO by special committee of eight members of Board of Directors.
He also noted that it’s Vince McMahon decision to step back as CEO but not Vince’s decision to put Stephanie in that place.
“Stephanie McMahon being put in power was said to be based on the decision of a Special committee, which would be the eight members of the Board of Directors that were not Nick Khan, Vince McMahon, Stephanie McMahon or Paul Levesque. It was Vince McMahon’s decision to leave but the board’s decision, not Vince’s of who to put in her place. It should be noted that of the side of the company that buried her on the way out, none of that came from the members of the Special committee but from others in the company.” [H/T: WrestleTalk]
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