If there's one thing that the now-defunct World Championship Wrestling was known for in the 1990s, it was wasting absolutely colossal amounts of billionaire Ted Turner's cash. You could say that the media mogul could afford it, but WCW's spendthrift ways were because it was always something of a vanity project: Turner made his name in cable television and, while he valued the loyal audience and advertising revenue of a WCW, his fatal flaw was being a wrestling fan.
Thus were born the so-called Monday Night Wars of the 1990s, where WCW and Vince McMahon's WWF (later WWE) went head-to-head: the difference being that the WWF had to wash its own face financially, whereas Turner could (and did) bankroll WCW's spending splurges. So one feature of the era was high-profile former WWF stars like Hulk Hogan and Macho Man Randy Savage jumping ship for obscene amounts of money. Another was chronically terrible creative decisions.
