#2 A strong authority figure

The WWE, or for that matter professional wrestling as a whole, has for long witnessed authority figures play a pivotal role in the way a given storyline progresses. That said, in recent years, the WWE has experienced a dearth of believable, strong authority figures on both Monday Night RAW as well as SmackDown Live.
Intriguingly though, the NXT brand boasts a credible, strong-willed and gutsy authority figure in William Regal, whereas the main roster has for long lacked a notable on-screen personality whom the fans could see run the RAW/SmackDown administration with an iron fist. Well, RAW does have Stephanie McMahon, while SmackDown is led by Shane McMahon, however, neither brand currently has even a halfway-decent authority figure not named McMahon.
Female superstar says she inspired John Cena turning heel HERE
This is where Hulk Hogan can come in, and truly make an impact as an authority figure who won't be intimidated by Stephanie -- unlike Kurt Angle or "Constable" Corbin -- and instead, give the WWE Universe what they want. There's indeed a high probability that we may get to see The Hulkster as the RAW General Manager sooner rather than later...