Vince McMahon steps down as WWE CEO while the company investigates alleged misconduct

Vince McMahon is in the middle of a corporate firestorm, but he still opened the company's wrestling telecast "Smackdown" on Friday.

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WWE CEO Vince McMahon is stepping aside away from the business side of the wrestling company.

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while an investigation is conducted into an alleged hush-money payment to cover up sexual misconduct, the WWE and its board of directors announced Friday.

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McMahon has run the company for 40 years after taking over for his father in 1982, when it was known as the World Wrestling Federation.

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