Steve Austin appeared on The Arsenio Hall Show last night to promote his podcast series and discussed CM Punk walking out of WWE.
Austin said that "word on the street" was that the situation was legitimate and said that he personally likes Punk. He said Punk is a friend but he's a "hard headed young man."
Austin said that Punk probably felt trapped in a corner, so he left and went home. Austin said that he was in a similar situation in 2002 and did the same thing, but by doing so he "missed out on a lot of money."
Austin pointed out that since this is Wrestlemania season, the move has bad timing from a financial standpoint. He said that either Vince McMahon will reach out to Punk to smooth it over or Punk will decide he's ready to go back to work. He said that Punk was in a situation where he was under a lot of stress and that he believes it will all work out in the end.
Austin also plugged the WWE Network and agreed with Dana White's contention that Vince McMahon was a "maniac." He said that Vince was "crazy as hell" but "in a good way."
When asked about wrestling, Austin said it took three years to get wrestling out of his system. He did not address any interest in returning to the ring.