I thought Bischoff was pretty awesome when he was mostly catering to the heels, but keeping Evolution's collective ego in check as well. I'd like to see a take-no-shit boss that sometimes did things slightly heelish, but then would come around later and redeem himself by playing face on some other issue. Vince went through a stage like that as well, when he was acting like a face on one show and a heel on the other.
I think you best describe William Regal right now.