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Vince McMahon announces retirement from WWE amid sexual harassment scandal

Vince McMahon retiring as WWE chairman and CEO [AP]

World Wrestling Entertainment impresario Vince McMahon announced Friday he is retiring amid an investigation into alleged misconduct involving the flamboyant showman who turned a small wrestling company into a worldwide entertainment business.

In a brief statement issued by WWE, McMahon said he is retiring as the company’s chairman and CEO. He noted that he remains its majority shareholder.

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