#4 William Regal as GM
The evil boss, the loveable boss that is close to the talent, these are the stereotypical general managers in WWE. The role of GM is to run the show, but on Raw and SmackDown they are used as characters just as much as the wrestlers. Vickie Guerrero, Eric Bischoff, and The Authority are examples of the heel bosses running the shows, while Mick Foley, Kurt Angle, and Daniel Bryan are examples of faces running their show as fairly as possible.
Then there is NXT's William Regal. Regal does not open every show, he does not have time-filler promos, and he does not have any personal vendettas. Regal only appears when it is necessary, leaving the spotlight wide open for the wrestlers. Regal gets frustrated with wrestlers at time, but always remains professional, fair, and never feuds with the talent.
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Regal is also the most logical GM. How many times have we seen wrestlers start a brawl at the beginning of Raw or SmackDown, only for the acting GM to come out and announce it as the main event of the evening? Was there no main event planned already? Regal doesn't do this, he announces the match for the following week because he has already filled out his match card for the night. Every thing Regal does makes perfect sense, and he never oversteps the quintessential boundaries of his managerial duties.