Vince McMahon steps back as CEO of WWE amid misconduct probe

WWE chairman and CEO Vince McMahon is stepping away from his duties while the company investigates him for alleged misconduct, the company announced Friday. 

The probe centers on claims that McMahon paid hush money to an employee with whom he allegedly had an affair, the Wall Street Journal first reported. 

A committee from WWE's board of directors is looking into the allegations, the WWE said in a statement, noting that McMahon will give up his responsibilities "until the conclusion of the investigation." In the interim, his daughter, Stephanie McMahon, will serve as the publicly listed entertainment company's chairwoman and chief executive.