A great story, and apparently based on some real life experiences of Goodwin or Williamson (up until the murder and the rotting corpse revenge, anyway). It was actually originally published in Creepy #1 back in '64.
Learn more about legendary comics artist Al Williamson in this Mr. Media interview with his friend and artist Mark Schultz, in which he discusses the book Al Williamson’s Flash Gordon: A Lifelong Vision of the Heroic.
Rich, thanks for the info! I'm not sure how true to life "The Success Story" is, but to me it reads like an unauthorized bio of Bob Kane (up until the murder and the rotting corpse revenge, anyway). "Baldo Smudge" does resemble Al Williamson though, which I take as proof of a great sense of humor on Williamson's part. He will be missed.
According to Mark Evanier "Baldo Smudges" real life counterpart was Don Sherwood and his comic strip "Dan Flagg". Williamson drew the writer as Archie Goodwin, the penciller as himself and the inker as Angelo Torres. Baldo Smudge has a strong resemblance to "Rip Kirby" which probably was some kind of hommage to his former employer John Prentice on Williamsons part.