To me, the difference is that what Hogan said was Terry Bollea the person using hateful remarks that have no business being spoken or used in 2015 in real life while Mr. McMahon and Booker T were characters doing something that was obviously produced to be comedy and satire as part of a WWE storyline.
The latter might have been in bad taste (and let's face it, it was) but it was done to make someone laugh. What Hogan said and did came from an evil, hurtful place and was real life, not something designed to be satirical or silly on a TV broadcast. What WWE did was similar to what "South Park" would do. What Hogan said was similar to things said by Donald Sterling. There is a huge difference there.
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