This past Friday, Vince McMahon stepped down as CEO and Chairman of WWE due to a recent allegation made against him. Later, the WWE board of directors jointly issued a statement and stated that Vince McMahon’s daughter Stephanie McMahon would be the interim CEO and interim Chairwoman of WWE until the investigation ends.
On the 83 Weeks podcast, Former Senior Vice President of WCW and WWE Hall of Famer Eric Bischoff gave his thoughts about Vince McMahon stepping down as CEO and Chairman of WWE.
- H/T WrestlingNews.coI was dumbfounded. Shocked. I can’t imagine anybody felt any differently. Even though it appears to be very temporaneous and not a permanent situation, at least that’s not the way it’s presented or the way I read it, but nonetheless, it’s a big damn deal, and it did shock me.
I feel bad for a lot of people. I still have a lot of friends in WWE that I do care about a lot. Regardless of how this ends up, it’s going to adversely affect a lot of people. How do you feel anything other than bad for people that you know and have affection for that are having to go through this? I feel bad for Bruce (Prichard). I sent Bruce a text Friday night during the show going, ‘Brother, one hell of a ride.’ To be sitting in that seat, to be there in the eye of that fu**ing hurricane, man, I feel for a lot of people.
Vince McMahon appeared on SmackDown this past Friday and did a very short promo. McMahon talked about “Then Now Forever” words in the WWE's signature intro and noted that the most important word is “Together.” He then threw the microphone and left the ring. It is a solid message to the WWE board of directors.
However, Vince McMahon still controls the WWE product despite being stepped down as CEO and Chairman of WWE.
We will update you when we receive more details. Stay tuned with The Spotlight.