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I agree with Xero. WCW had been floundering under a number of booking committees and head honchos prior to Bischoff. They weren't able to find stable footing, and probably wouldn't have had they continued the merry-go-round of "leaders". Bischoff was able to come in and had the charisma and chutzpah to make some quick decisions that gained him confidence with Turner brass. I don't see this happening with Heyman because he was too caustic, nor anyone else present at the time to be honest.
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