WWE’s Board Finds Vince McMahon Paid $5 Million to Donald Trump’s Charity - WSJ

2022-08-20 11:31:00 By : Mr. Su Qiuqian

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https://www.wsj.com/articles/wwes-board-finds-vince-mcmahon-paid-5-million-to-donald-trumps-charity-11660774043

Contributions totaling $5 million to Donald Trump’s charity in 2007 and 2009 were among $19.6 million in unrecorded company expenses Vince McMahon paid out before he stepped down from World Wrestling Entertainment Inc. amid misconduct allegations, an internal board investigation found.

In securities filings this month, WWE said that the roughly $20 million that came out of Mr. McMahon’s pocket should have been disclosed, because the transactions benefited the company he ran. While the bulk of the payments went to women who accused Mr. McMahon and another WWE executive of sexual misconduct, the company said in the filings that the $5 million was unrelated to such allegations but didn’t state its purpose.

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This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com.