I read the report on the front page of WZ which claimed WWE officials are concerned with the recent ratings drop and has therefore considered putting the title(s) on other people, since the current champs aren't draws.
Now, consider for a moment, if you will, that there was a ratings spike when Punk first was let loose on the mic, yet now the ratings are plummeting. CM Punk telling HHH that Paul only got to the point where he is because he 'married up', THAT is compelling TV. CM Punk taking way too easy pot-shots at Johnny Ace isn't. So can't it be argued that the reason for the low ratings is because of Johnny Ace stinking up RAW?
I think it can, and it's mostly because while Ace might BE an authority figure, he doesn't FEEL like "the man". Sticking it to the man is a great way of telling a story, but "sticking it to dad" is a story that only draws in children, about to reach puberty (if that, even). And the Punk/Ace angle feels a lot more like DiBiase Jr vs DiBiase Sr than it feels like Austin/McMahon.
HHH at least has that aura of authority and we all have some vague notion of HHH having actual power in the company structure, that's why it worked - because the lines of kayfabe were blurred. With Ace, Punk might as well be "dropping pipebombs" on any random crowd member ... I was going to write "any low-card wrestler", but no, that'd be more compelling than tearing Ace a new one, because they are at least remotely relevant and Punk telling them they're in a hole would be interesting (and it's funny, because it's true, you know...)
I'm not convinced that Ace is doing anything for RAW other than making ratings drop by his involvement in the show.