In 1996, at a low ebb in his relationships with both Hulk Hogan and Macho Man Randy Savage and becoming increasingly irritated by the surprising success of WCW Monday Nitro, the Chairman sacrificed his company's limited remaining credibility by running a series of pathetic skits parodying the pair as well as Ted Turner and selected other Atlanta executives.
Preserved in an innocent infamy in the modern era, the 'Billionaire Ted' vignettes were toxic on two sides at the time. It was a flagrant example that McMahon was taking his eye off his own work to turn his weapons on that of his opponent. WCW, meanwhile, were none too happy with some of the statements made and considered legal action for some needlessly specific takes on the Turner business practices.
It proved lose/lose when the WrestleMania XII pre-show payoff saw the various ancient characters all die in the ring, as if that same thing wasn't about to happen to the bulk of the WWE's actual full time roster in front of a silent Anaheim crowd. A lack of focus on the things that mattered proved themselves detrimental to the product at large. The lesson was, don't be so f*cking petty ever again, right?
We Need To Talk About Kevin (Nash).
Michael can be found in articles or on podcasts extolling the virtues of New Generation WWF, New Japan Pro Wrestling or the new WWE angle they definitely definitely won’t ruin this time.