Eric Bischoff Reacts To Vince McMahon Stepping Down As CEO Of WWE

Last week the Wall Street Journal released a report noting that the WWE board is investigating a $3 million dollar settlement that Vince McMahon paid to a former employee that he allegedly had an affair with. The next day it was announced that Vince McMahon had stepped down as Chairman and CEO of WWE, and Stephanie McMahon has been named interim Chairwoman and CEO.

Eric Bischoff knows what it’s like to work both for, and against McMahon, as he’s been on both sides of the fence. During a recent episode of his 83 Weeks podcast the former Raw General Manager addressed the controversy while saying that he was shocked when he heard the news.

“I was dumbfounded, shocked. I don’t know any other way to…I can’t imagine anybody felt any differently. You know, it’s a day that I never thought [would happen] even though it appears to be very temporary, it’s not a permanent situation.”

“At least that’s not the way it’s been presented or the way I’ve read it. But nonetheless, it’s a big damn deal, and it did shock me. I feel bad for a lot of people. You know, I have a lot of friends in WWE that I do care about a lot. And it’s going to, regardless of how this ends up, it’s going to adversely affect a lot of people and how do you feel anything other than bad for people that you have affection for that are having to go through this?”

“I feel bad for Bruce [Prichard]. I sent Bruce a text Friday night during the show going ‘Brother, what a hell of a ride.’ I mean, to be sitting in that seat to be there and in the eye of that f*cking hurricane. I mean, I feel for a lot of people.”

What was your reaction when you found out Vince was stepping down as CEO? Sound off in the comments below.

H/T Inside The Ropes