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Giving Chris Benoit an entire Raw tribute when WWE had to at least consider the possibility that Benoit could be a suspect took a lot of guts.
Mr. McMahon knew that if Chris Benoit was responsible for the deaths of his family then he would have to distance himself from any positive memories and friendship that they had. So what does he do, he holds a cover his butt quick tribute for Chris Benoit.
By canceling Raw for the first time ever, he was able to honor his friend and thank him for the good times before public outcry and anger would make a tribute to Benoit taboo and impossible.
Ask the loved ones of any murderer, molester, or other social outcast and you will hear the same common theme; that they still love them and the version of the person that they knew could never have done something so heinous.
So Vince did the only thing that he could, and that is honor him quickly and then renounce him in public. You can’t blame him for that.