REPORTS, McMAHON'S DAUGHTER WILL

STEP IN AS THE COMPANY'S INTERIM

CEO.

>> PLEASE WELCOME THE CHAIRMAN

OF WWE, VINCE McMAHON!

>> LARGER THAN LIFE, VINCE

McMAHON, MORE FAMOUS THAN SOME

OF THE WRESTLING STARS HE HELPED

CREATE.

>> HE'S THE GUY.

I MEAN, HE'S -- IT'S THE WWE IS

VINCE McMAHON.

YOU CAN'T SEPARATE THEM.

>> WRESTLE MANIA.

>> NOW, McMAHON FORCED TO STEP

BACK FROM HIS ROLE AS CHAIRMAN

AND CEO OF WORLD WRESTLING

ENTERTAINMENT, WWE.

WHILE THE COMPANY'S BOARD

INVESTIGATES MISCONDUCT CLAIMS

AGAINST HIM.

HIS DAUGHTER, HIS INTERIM

REPLACEMENT.

THE "WALL STREET JOURNAL"

REPORTING McMAHON PAID A FORMER

EMPLOYEE WHO HE ALLEGEDLY HAD AN

AFFAIR WITH, $3 MILLION TO KEEP

HER QUIET.

ACCORDING TO THE JOURNAL, THE

SEPARATION AGREEMENT PREVENTS

HER FROM DISCUSSING HER

RELATIONSHIP.

THE INVESTIGATION ALSO LOOKING

AT OTHER NONDISCLOSURE

AGREEMENTS INVOLVING MISCONDUCT

CLAIMS AGAINST McMAHON AND

ANOTHER EXECUTIVE.

>> WHAT WOULD HAVE BEEN

CONSIDERED BOYS WILL BE BOYS,

WHICH WRESTLING WAS BUILT ON FOR

DECADES AND DECADES AND DECADES,

BY TODAY'S STANDARDS, IT'S NOT

QUITE AS MUCH.

>> I PLEDGE MY COMPLETE

COOPERATION TO THE INVESTIGATION

BY THE SPECIAL COMMITTEE,

McMAHON SAID IN A STATEMENT, AND

I HAVE ALSO PLEDGED TO ACCEPT

THE FINDINGS AND OUTCOME OF THE

INVESTIGATION, WHATEVER THEY

ARE.

WRESTLING JOURNALIST DAVE

MELTSER SAYS IT'S TOUGH TO

PREDICT THE FALLOUT FROM THE

ALLEGATIONS.

>> THEIR BIG DEFENSE IS ANY

MONEY HE PAID, ANY HUSH MONEY HE

PAID WAS HIS OWN MONEY AND NOT

COMPANY MONEY.

THAT'S THE KEY TO THE

INVESTIGATION.

>> OVER DECADES, McMAHON TURNED

THE WWE INTO A BILLION-DOLLAR

ENTERTAINMENT JUGGERNAUT.

INCLUDING DEALS WITH FOX AND

NBC.

HE WILL STILL BE IN CHARGE OF

CREATIVE CONTENT, WHILE THE

INVESTIGATION IS UNDER WAY.

McMAHON HAS WEATHERED PAST

SCANDALS.

IN 1994, A JURY ACQUITTED HIM OF

CONSPIRING TO DISTRIBUTE

STEROIDS TO HIS WRESTLERS.

IN THE YEARS FOLLOWING, ALWAYS

CENTER STAGE AND ALWAYS THE

SHOWMAN.

>> OH, NO.

>> IN 2007, THEN REALITY TV STAR

DONALD TRUMP SHAVED McMAHON'S

HEAD IN A MADE F