The storyline begins with Big Johnny's job performance appraisal this upcoming week on Raw. Vince decides that Johnny is putting himself before the organization and it has hurt the business. He angrily blames Johnny for record low ratings and calls him a failure for allowing CM Punk to hold the WWE title for so long. Vince orders Johnny to resume his responsibilities as VP of talent relations but effective immediately, Vince McMahon will be the interim GM of both Raw and Smackdown. Vince promises he will install permanent GMs by the time No Way Out happens.
On Smackdown that week, Triple H opens the show with a promo about how Johnny failed as GM and promises the WWE Universe that he will stand up for the fans. Vickie Guerrero comes out to shout "Excuse Me!" and tells Triple H he should worry about corporate affairs because she will be the next GM of both Raw and Smackdown. Triple H begins to ridicule her when Michael Cole stands up from the announcer's table to shout that he is the most qualified to fill Big Johnny's shoes. Then out comes Paul Heyman to declare that he is lobbying hard to become the GM of Raw, Smackdown, or both so Brock Lesnar can return to WWE and do things his way. Triple H tells them all that he will do everything in his power to make sure that none of them become GMs of any brand.
At No Way Out: Early in the show Triple H is seen backstage discussing the GM situation with Vince. Triple H says that Heyman, Guerrero and Cole are too biased and inexperienced to run the shows right now. Vince says the board of directors agrees and suggested Triple H for GM of Smackdown. Triple H asks if he could also take over the GM spot on Raw, but Vince says that someone else just as qualified as him took the position and they will be revealed tomorrow on Raw.
Punk retains the WWE championship thanks to AJ distracting Bryan and Kane, Punk lifts AJ on his shoulder in the ring to celebrate. Big Show defeats Cena who is taken away on a stretcher after 3 consecutive WMD strikes. Alberto Del Rio defeats Sheamus with assistance from RR to become World Heavyweight Champion, and Sheamus Brogue Kicks him angrily and storms off.
The next night on Raw, the "Anonymous General Manager" podium makes it return, and Cole angrily stands at it to read the messages, complaining about how he should be the GM. The anon GM announces a WWE Title #1 contender match for the MiTB ppv later in the night.
Triple H finds Vickie backstage and asks her if she's the new GM, and Vickie tells him she has no clue who the new GM of Raw is. Later he finds Heyman and asks the same thing, gets the same answer, and has no idea who to trust.
We get a Fatal 4-Way for the #1 contender spot with Daniel Bryan, Dolph Ziggler, Jack Swagger and Big Show. CM Punk and AJ are on commentary, AJ flirts with Cole and Punk gets annoyed. Big Show wins it quickly, wreaking havoc on the other Superstars. Show takes a mic and cuts a promo on Punk, saying the new GM set him up so nicely that he'd personally like to thank "her." Swagger and Ziggler look confused, wondering if he's referring to Vickie. Familiar music hits, and out comes Stephanie McMahon, the new GM of Raw. Triple H watches on a screen backstage in disbelief.
Leading up to MITB, Stephanie favors heels on Raw and Triple H books Smackdown as fairly as he can. Sheamus gets his rematch at MitB against Del Rio, Big Show dominates all and looks to take the championship from Punk. Stephanie develops an entourage that consists of Big Show, Kane, and Paul Heyman. When Cena makes his return to Raw, he is bruised and beaten still from fighting Big Show at NWO. He cuts a promo on Stephanie's corrupt managing and says if she weren't a woman he'd beat her down like he did Johnny Ace. Stephanie comes out to address the matter, when Kane and Show sneak attack Cena and put him out for a little bit longer.
MitB: Wade Barrett returns, wins the MitB briefcase for Smackdown. Chris Jericho returns, wins the MitB briefcase for Raw. Sheamus beats Del Rio and wins back the WHC. Punk beats Big Show with an assist from AJ who distracts Show with her "look." Big Show lays out Punk after losing, prompting Jericho and Stephanie McMahon to run down to the ring and cash in the MITB briefcase on Punk. Jericho raises the WWE title, and kisses Stephanie on the lips to close out the show.
Following night on Raw: WWE Champion Jericho, Stephanie McMahon, Show, Kane, and Heyman stand in the ring. Jericho says its great to be back and working under such great management. He says Stephanie and him have always been close, maybe closer than Triple H is to his own wife. Triple H comes out to the ring and stands nose to nose with WWE champion Chris Jericho. Fuming mad, Triple H demands an explanation from his wife and him. Stephanie claims it's just business and she was caught up in the moment because Jericho is such a proven star for the company. Jericho claims he did it just to make Triple H mad, and smirks. Triple H goes to pummel Jericho but Kane and Show beat down Triple H instead. CM Punk runs out next, to assist Triple H, followed by Ryback. Punk and Ryback clear the ring while Show and Kane run up the ramp with Stephanie and Jericho. Later in the night Kane and Show receive a tag title match against Kofi and R-Truth, who win the tag titles with a little distraction help from their manager Heyman.
Triple H opens Smackdown that week, saying he has had enough of the GM garbage. He can't stand by seeing what his wife is doing on Raw so he will make a deal. At Summerslam, there will be a WWE title rematch between Chris Jericho and CM Punk. Jericho can have whoever he wants in his corner, and Triple H will be in Punk's corner. If Punk loses then Stephanie will be the GM of both brands, and if Punk wins Triple H will take over both brands. Stephanie walks out onto the entrance ramp clapping. She loves the idea, but thinks it's a little boring. She proposes a winner-takes-all match featuring the WWE Champion and the Tag Team champions in a 3 on 3 match. Stephanie boasts that she has all the valuable stars on her team, so it's a guaranteed win.
At Summerslam, the 3 on 3 winner-takes-all match for the WWE Title, Tag Titles and GM position on both brands will be:
Chris Jericho (WWE Champion), Big Show and Kane (Tag Team Champions) with Stephanie McMahon
vs.
CM Punk, Ryback and (mystery opponent) with Triple H
When the match starts, everyone makes their entrance except for the mystery opponent on Punk and Ryback's team. The lights go out and we hear the familiar "bell" of the UNDERTAKER!