Here's the thing you see, it all comes back to that "independent contractor" tag that they saddle the talents with, in my opinion a bogus one... they are employees.
This means they can decline your services whenever they want, why ever they want. In my first ever job, I saw a colleauge a similar age to me fired on the spot for responing, "thanks mate" (as in friend) to an area manager's advice... being told, "I'm not your mate...and you don't work here anymore.." Sometimes bosses are just dicks.
Over the year there have been some doozy firings, but they are normally short-term and "without prejudice", Goldust got canned from being an agent cos of a spot that looked bad on TV he booked, but a few months later was back onscreen. Finlay was canned to appease the Marines and quietly re-hired once the heat had died down. Even Marty Jannetty was rehired multiple times.
But none of them actually DID anything involving or TO Vince... and that's where it's uncharted territory. La Bar is pontificating they just made themselves a new black babyface star and perhaps in a twisted way they have... but it's equally likely that this is another Koko scenario, where he is released (Koko was fired cos Vince's right hand racially abused him and Koko "put him straight", his HOF nod is an apology for that, nothing more) in a few months cos Vince rarely forgets.
Like I said earlier, it seems that Vince is paranoid about something, either his health or that people would think he was mocking Bryan (with the lawsuit with Punk, I guess that does carry a bit more weight) but hearing he was fined on top... if he was an employee he could appeal, go to his union and it'd be overturned. Wrestlers can't in the WWE.
The good news is the mainstream coverage it's starting to gain... Vince will have to make nice with him and let him back on TV or it will become a bigger story, Titus WILL go to the ball at Mania cos if he doesn't, it will seem vindictive... now he'll probably be the first eliminated in the pre-show battle royale, but hey, he'll be on the show right?
The guy who runs the company now, who carries the title for the 14th time also fucked up once, breaking character and going into business for himself. He didn't have half the PR value of Titus at the time... another guy got barred from a locker room for 6 months arbitrarily for eating a piece of chicken... with Titus being probably the "second hardest working man" in terms of PR ops for the company, I've a feeling after a period he'll not only be fine... but this could make him cos now he has a reason to be or not be pushed onscreen.