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

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

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

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

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

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

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

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The board is investigating those allegations, the report stated

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

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

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