In a comment ~ Jared asks what theological issues plague the WELS? Now I will preface this to say that I am not a theologian in the WELS but a simple layman offering this view from the pew. But I have heard and seen a few things.
There is a double standard among some synodical leaders. Prior to the convention, the (former) president and vice-president rejected a memorial from 86 pastors and 3 congregations. This memorial asked for a study on the synod's position on fellowship. Yet the WELS official website endorses the Church and Change group that is continually reaching over the fence. The WELS website has a registration link to this "extreme" makeover conference. Yet those high church folks in the WELS must be put out quickly or we might look back at our Confessions. This is a theological issue. The WELS now officially approves of using Church growth methods. The slope is slippery. A vicar recently told me that the WELS will probably have women ministers before Missouri. (just an opinion by a theological student in the mix). Yet check out the youth services that are all the rage and you'll see the young ladies giving the children sermons.
There is a double standard on called workers and cover ups. In the past few years unproven allegations have been made agains a few parish pastors concerning the 6th commandment. These small town pastors are quietly swept away. (note resign) Yet a big synodical boy from the desert is involved in similar allegations and the "officials" say to put the best construction on this and don't sin against the 8th commandment. A dp tries to oust a called teacher without even talking to the teacher before the dp calls the boys in Milwaukee. This is a theological issue.
So now the WELS is caught in a financial crunch. Is this not a theological issue?