Eric jobbed to Flair, center of the ring, clean as a sheet, not only losing the WCW presidency but also some of his hair.
A day after their ppv match with all the buildup, hype, and other such shit ended with Flair jobbing to Bischoff. It wasn't all that grand, and Eric ain't a great guy- he was just giving the win back after the collective groan was so easily heard the night before.
I don't see how Bischoff could be worked into the angle, logistically speaking. If Vince is bringing them in, why would they need a manager?
They could turn on Vince.
I would love to see Bischoff come in, agree to do one thing, then shoot and do something totally different, just to fuck with Vince. I just think that would be funny. Other than that, I see no use for him.
If you set your expectations low enough, you will never fail.
Seriously, everyone else on the rosters need to follow Regal's lead and follow the new dress code with dignity and respect. That's what Regal does and because of that, he's the hottest babyface on Raw right now. The suit makes the man, period.