Axl's not dumb. He saw how the band began to slowly unravel with Steven being fired, Izzy leaving and the others only caring about getting high and drunk. The others signed over the name because they were too drunk/high to care.
Lol is that how we're remembering it?
Though I'm sure Scott now wishes he had similar "foresight"
How we remember it? What about it is wrong?
Ok. This is going to be the first and last time I lay this out for all you Axl fanboys (and girls).
Pretty much everything about that statement is wrong. I was a huge guns fan before I was ever an STP fan, and that recollection of events is just plain incorrect. Slash and Duff were too loaded to know what was going on? Come on. Axl may not be dumb, but Slash and Duff aren't either.
Lets start with Izzy, and why he left, because to pin it on Slash and Duff is so egregiously misinformed. Izzy has not been coy about why he left the band, he's explained many times why he left. These reasons included Axl becoming more and more isolated, not wanting to pay all the overtime fees Axl had racked up for arriving to gigs 2 hours late, the montreal riot (thanks to axl), Use Your Illusion being a completely different album from the time he worked on it to the time Axl got his hands on it, and Axl offering him a new contract that guaranteed him less money.
Axl more or less said to him "You don't pull your weight around here, I'm cutting your pay", despite Izzy being the other main songwriter. I can link all these articles, but I'm pretty sure all of us on here are capable of googling. I'm sure Izzy's newfound sobriety had something to do with why he left, but show me one band from that era that was completely sober where he would have fit in at that point?
Now, for why Slash and Duff signed over the naming rights. "They were too drunk/high to realize". Right. Because they had just shot up heroin when Axl told them "hey guys, sign here! It's for a new coffeemaker!"
Slash and Duff had just put up with so much shit from Axl at that point for the sake of the band (being late, missing, impossible to work with, an overall righteous douchebag) they decided they'd cave to Axl's childish demands just one more time if it meant it keeping the band alive. They were already so pot committed (and knew guns wouldn't be successful without Axl) that they just said fuck it. With the benefit of hindsight, that was obviously an awful move, but they chose the future of the band over their own personal interests. That's a fact. Unfortunately, Axl didn't keep up his end of the bargain.
Guns 'N Roses will always be one of my favorite bands. I love Axl as a vocalist and performer, he's one of the best there ever was. But it ends right then and there, and always will.