TKO President Mark Shapiro reiterated that Vince McMahon is no longer involved with WWE and parent company TKO in any capacity after resigning in January. Shapiro spoke at a media and telecom conference hosted by Morgan Stanley on Wednesday. McMahon recently sold over $400 million worth of his TKO stock holdings. Shapiro stated that TKO had not participated in the recent stock sale and had no contact with McMahon. The comment was aimed to further distance TKO from McMahon after his resignation over sexual misconduct allegations.