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Report: Vince McMahon Allegedly Paid Ex-Employee $3M After Affair ... WWE Board Investigating

WWE's board is investigating an alleged multi-million "hush pact" payment made by Vince McMahon to a former employee after the pair allegedly had an affair, according to a new report by The Wall Street Journal.

WSJ claims World Wrestling Entertainment's 12-member board -- where Vince sits as the chair -- is investigating the circumstances surrounding the alleged affair and subsequent payment.

FYI, WWE is a publicly-traded company on the NYSE. The company's stock closed up nearly 5% on Wednesday, despite the paper's story going public earlier today.