WWE board opens inquiry into CEO Vince McMahon's alleged $3M

The Wall Street Journal reported Wednesday that World Wrestling Entertainment's board is investigating a $3 million 

Settlement Vince McMahon agreed to make to a former employee over an alleged affair.

In the January separation agreement, the former employee is prohibited from discussing her relationship with McMahon

After the start of the alleged sexual relationship, McMahon gave the former staffer, 41

Raise to $200,000 in an email sent on March 30 to WWE board members

In an email sent to the board regarding the former WWE paralegal, McMahon allegedly gave the woman to Laurinaitis "like a toy." 

The board is investigating those allegations, the report stated

The Journal reported that the board has hired Simpson Thacher & Bartlett 

To conduct the investigation and that payments for other nondisclosure agreements have exceeded millions of dollars