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Old 02-21-2004, 08:47 AM   #1
Rob
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WCW losing money for paying wrestlers was definately not the main reason that they lost money. At their worst period of losses in 2000, WCW's talent pay roll was about $18 million (I have no idea what a normal company's payroll is by the way so I don't know if that's high or ok) but they lost over $200 million that year. The company was just badly managed.

Remember, had WWE not made various budget cuts over the last 2 years, they would be a very non profitable company right now. That's the difference between good and bad management though.

In 1997, WCW made a profit in the area of $80 million. I don't have the exact number that was the first year that company ever made money. They made over double that over the next two years before Eric Bischoff was fired.
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Old 02-21-2004, 11:01 AM   #2
Kane Knight
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Quote:
Originally Posted by Rob
Remember, had WWE not made various budget cuts over the last 2 years, they would be a very non profitable company right now. That's the difference between good and bad management though.
Well...

In fairness, the real measure of good versus bad management isn't just whether they can make cuts to stem the losses, but also whether they can enact changes that positively affect their company, thus ending any such losses.

Budget cuts can keep even a bad management team afloat for a while.

If the WWE are forced to continue to make cuts, it may be indicitive that their management isn't all that good after all.
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