This is why the Flair story is different. According to Meltzer, Jim Herd sent Ric Flair's attorney a fax while Flair was on a 2-week, company-approved vacation, saying that Flair needed to fly to Macon, GA immediately and drop the title to Barry Windham on 7/2/91. Flair's attorney called him and told him about the fax. Flair got to a phone and called Herd. He told Herd he wasn't going to do it because he was on a vacation that he approved. Herd accused Flair of holding up the company and fired him. Since WCW made the world champion put a $25,000 deposit on the belt in case something happened to it, Flair told him to get his money back to him as soon as possible. Herd told Flair to fuck off and that he wasn't getting a dime of it back. Flair said, "Fine then" and took the belt to the WWF with him. Herd resigned from WCW in February 1992 and replaced with Kip Allen Frey. Frey really didn't care about getting the title back. Frey resigned to take another job in Turner Broadcasting in May 1992 and was replaced by Bill Watts. They didn't get it back until June 1992 when Bill Watts was in charge.