That oil change had a lot of talent capable of carrying titles, who were saddled with physical object gimmcks that then made it impossible to logically give them a title.
Give one to Jake (albiet debuted earlier) and he has to show a title off, not the Snake or his intro becomes so long it's unmanageable...
Bossman had to tote his billy club and cuffs, and the idea of a cop wearing a title belt wouldn't have looked right... by Ray Traylor was EASILY World title material when he was signed and certainly would have been after his cuffing and attacking Dusty... but by the time Hogan was moving aside he was saddled with being a face now he was toting that club and NOT hitting people with it or cuffing them.... the character didn't work to a level the talent deserved.
Jacques Rougeau could have been a legit IC champ, but as he was saddled with The Mountie...the reign lasted as long as Bret's alleged "flu" - He deserved better and could even make "All American Boys" work,
Brutus was a perennial IC challenger, but never got the belt because again, toting that AND his shears would have taken the edge off the character... there'd have been more "struttin'" with the belt and less "cuttin'".
For a LONG time they even sent Undertaker down that route, first with the bodybags that got taken out cos of the war... then caskets and the urn. Like with DiBiase, the only way the character got away with it was having Paul Bearer/Virgil/Sherri - without then he'd have suffered the same fate as the others... stuck with a useless physical object. In truth it was only in 96 they went the other direction with him and he became the Taker we know today... till then he was lucky to even get that short reign he got.
Need more proof? Look at guys like Charles Wright... As Papa Shango he had no chance, stuck with a voodoo gimmick reliant on costume... once they took that away and rebranded him, he improved and found The Godfather gimick - and could then work as IC champ...