The thing that bothers me is that the punishment FAR, FAR outweighs the crime.
Think about this. Hogan is being removed from the HoF, won't be on any merchandise, and he is being removed from everything, like he never existed.
So, in effect, he is being given the Chris Benoit treatment.
One said an offensive word, the other murdered his wife and son. Yet WWE treat both offences equally.
One did nothing illegal. The other did about the most illegal thing you can do. Yet both are punished the same.
It is the equivalent of stealing a pair of shoes and being sentenced to the death penalty. It is still the wrong thing to do, but the punishment would far outweight the gravity of the crime.
Can Hogan go to prison for what he did? Some blacks and the PC crowd would love that, but it isn't the law.
Should WWE react to what Hogan said. Sure, it was wrong, whether deliberate, misguided or ignorant. Fine him heavily, suspend him for a year, don't show any promotion of him for one year. Do other things that would hurt. Then, when the heat dies down, and the PC crowd have moved onto the next person to crucify, then ease Hogan back into the WWE, and business as normal. People have short memories, and the ones offended will move on quickly to someone else who will offend them (it doesn't take them long to find something to get righteously indignant about), so Vince should have taken the heat out of it, remove Hogan temporarily, which still is a punishment, but also doesn't ruin someone's career over one slight mistake for being human.
Hogan didn't don a sheet and burn a cross. He allegedy made a silly, stupid remark (in fact, I can't actually find what he said, since no-one is game enough to actually quote what he said, lest they too lose their jobs for even using the word in the context of quoting someone else). That is how stupid it is. One person yells "Fire" and with no evidence or proof, a man's reputation is destroyed beyond repair.
I think that a lot of the condemnation from people smacks of nothing more than "sticking the boots in". Enemies that Hogan has made in the past (and he has a lot of them) have used this opportunity to go after Hogan, for perceived wrongs he may have done to them in their career (e.g. burying them etc). He probably deserves some of that, but it is also should offend some that some people in the industry are using this issue as a guise to "square up" on someone they don't like.
Of course, the media and the public have their say. Like they are all so perfect. Society today LOVES to see the downfall of the successful, so that they can drag the achievers down to the level where the bottom-feeders live. Success is no longer lauded, but despised, and scandals with celebrities are celebrated, so that insecure Joe nobody can think "well, I might not be able to wrestle like Hulk Hogan, or be as rich, famous or recognized as him, but at least I am morally superior, and a better person". Knocking the successful from their pedestal is just the tonic to the insecure, lazy and stupid in society, and the media, who are only in it for the money and power without responsibilty, egg on these jealous and insecure individuals, to make them forget about their bottom-feeding, meaningless, useless lives.
I would rather be Hulk Hogan than some jealous individual. I would still rather be Hulk Hogan than some joe nobody. Better to have had it all and lost it, than never having it to begin with.