Originally Posted by Scorpion Deathdrop
Here's what went wrong:
1. Ignored talented performers for name recognition legends of the 80s. The problem: The 80s guys only had a few years of mediocre matches left in them. . . The young talent had 10+ years to carry a product. What happened: They got mad and left for WWF and ultimately carried that company through the Modern Era (And with all the "Workhorses" gone, WCW had no one left to carry the company with all the "Stallions" retired.
Jericho, Guerrero, Benoit, Big Show, etc. all slipped through WCW's hands as they were too focused on getting guys for a temporary immediate cash-in.
WCW was incapable of evaluating the tremendous talent surrounding them.
2. nWo got too big. The plan was to make nWo its own brand so the large number of members made sense. However being a brand was contradictory to the organic nature of the group. When they bailed on making it a brand, it was just a HUGE group. Too many guys, and too many mediocre talent.
3. Contracts. Guys like Hall, Hogan, and Nash had no ceiling and a stipulation that guaranteed they remain the highest paid wrestlers on the roster. Which means if WCW wanted to acquire a huge-named WWF talent for top dollar, they had to give Hogan, Hall, and Nash a raise in pay as well. Not only were they paying a ridiculous amount of money to a handful of wrestlers, they also gave them creative control over themselves.
4. Booking. Nash denies this to the end, but when he ended Goldberg's streak, he was the booker. Rather convenient to give such a huge accolade to yourself. Also you had divas like Hogan, Hall, and Nash who would refuse to lose matches or drop titles. Creative, and Bischoff in general, were too spineless to stand-up to the divas (And Bischoff was too much of a 'friend' than a 'boss').
5. Vince was running WWF for a loss. He stubbornly kept the product alive and it paid off. When Turner sold ownership of his company to AOL/Time Warner, they immediately cut the struggling company that could have EASILY been saved. Vince proved faith and perseverance pay off, A/TW were spineless and cut the company's broadcasting (Making it worthless, thus why Bischoff didn't buy it) then sold it to Vince for practically nothing (Jericho himself said he would have bought it (WCW) if he knew how much Vince paid for it).
Basically WWF at its worse was worse than WCW in the end. The only difference was a passionate person calling the shots and persevering. A/TW were a bunch of suits who didn't know anything about the product they adopted and just wanted to unload it.
A lot of this is WWE revisionist history.
-Jericho, Benoit, Guerro, and Malenko were all given strong storylines coming into the company, but then they all floundered in the midcard for years. Big Show came over and flopped massively as world champion. It's not like these guys came over and carried WWF on their backs to new heights. Rock and Austin had been doing that already for years.
-Nash and Bischoff have both said numerous times that Hogan was the ONLY person with creative control. I won't deny that Nash and Hall had a ton of power as well, but they didn't have nearly as much stroke as Hogan. Nash and Hart have both alluded to the fact that Bischoff would go along with whatever Hogan would agree with. Hogan ran the company.
-Why would Nash lie about booking? He was second most over wrestler in the company and he beat Goldberg with a cattle prod. He then laid down for Hogan essentially giving up all the momentum he had built himself in the last couple years. Sounds nothing like a guy who is all about protecting himself and someone who had the power to do so.
-These guys were above jobbing? Hall changed the finish in a match to put Jericho over because he knew that himself winning did nothing for anyone.
-Hall and Nash both offered to waive their Favored Nations clauses to allow WCW the opportunity to sign Bret Hart.
I'm not going to pretend that these guys didn't cause a lot of WCWs problems. But you have to get all of the information out there and not just things that were provided by the WWE. Vince was whining and complaining that WCW stole all his stars, when Vince himself raided all the territories of their top talent and put them out of business. Talk about the pot calling the kettle.