If I owned TNA for a day, the first thing I would do is hire Velvet Sky to be my personal executive assistant, and I would ensure that we had a lengthy one-on-one meeting in private to both begin and end the day.
I would get rid of all of the old guys, the guys who are no longer physically able to go, guys who are surviving on their legacies from other places and other times to attempt to stay relevant in 2010. The entire EV2.0 faction would disappear, with the exception of Tommy Dreamer who I would keep employed but strictly in a backstage, non-wrestling, mentoring sort of role. Fourtune, same thing, substitute Flair's name for Dreamer, otherwise identical thought process.
Hogan and Bischoff would remain but would be scaled back dramatically to completely backstage roles. They would certainly never ever compete, nor would Foley or Jarrett or Nash. I would trim the fat of all guys who serve no purpose, especially shock TV guys like OJ.
I would start the ball rolling on an immediate face turn by AJ Styles and make him a face champion in the very near future for an extended run. He'd become my John Cena. I'd push the tag team division to the moon, with such guys as MCMG, Beer Money Inc., GenMe, London Brawling (but not Team 3D, they'd be agents backstage only). I'd attempt to repair the damage to the knockouts division, although I fear this has been damaged beyond repair.
Finally, I'd take Dixie Carter's laptop and smash it into a million pieces. I'd deactivate her twitter account and put a muzzle on her as large as I could find. She'd be nowhere near the ring, neither inside it nor even at ringside. Because her continued false promises and surprises that she doesn't even attempt to deliver upon will be the ultimate undoing of TNA if it continues.
And then, back to Velvet