Heyman reports to Meltzer and has a good relationship with him, and has been written as a babyface by Meltzer, to the smarks who don't realize, or just want to get worked by, smark write your own fed material. He wanted Chingo Bling to be a major part of Mania 25, not just perform but have a major angle. He's not guaranteed genius. I did like what he was doing with new ECW until he got pushed out though, that was actually good whether it was "ECW" or not.
Bischoff's TNA run wasn't THAT bad. TNA was great from 05-06 but was hit and miss for the 3 years before Bischoff came in. Bischoff was in for about 3 years himself and there were a few 3-6 months periods of that time where TNA was very good. People remember the really bad sh1t from that time, but the first 3-4 months after they came in felt fresh and was mostly good, the first 3-4 months of the Immortal storyline was good, and they had 6-7 months of good stuff in 2012 starting with Aries winning the belt.
I'm still not sold that either guy is really doing much though.