#7 He represented greed and corporate interests.
Hollywood Hogan was already evil, but he sank even lower by allying himself with evil CEO Eric Bischoff.
In the 1990s, average people began to grow distrustful of big corporations and their pampered CEOs. Those at the top spent all their time putting and not working, while their underlings slaved away.
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Hollywood Hogan tapped into this resentment by becoming best friends with Eric Bischoff. Bischoff blatantly played favorites with the NWO, refusing to fine or suspend them even when they attacked wrestlers and officials. This perfectly encapsulated the political climate of the time in wrestling form, and gave fans a tangible target to rail against.