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No Eric Bischoff wasn't. He basically inherited the company and had unlimited funding from TNT and Ted Turner.I don't disagree with you but wasn't Eric a guy known for his ability to spot talent? There must have been something there that made him think this.
Or he just disliked Don for some reason and didn't want to have to work with him so he pulled a power move.
Not to say he's an idiot but he isn't exactly the best judge of talent.