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This has since proved to be mostly bullshit so please disregard, i jumped the gun on reading the news.
According to several new sources, the decision was made to take the title off of CM Punk after an incident stemming overseas.
During a tour of Europe, Undertaker apparently wanted CM punk to dress nicer as he was representing the WWE as world champion.
When word got back to the Corporate advisors that Punk responded with "what about John Cena?" they took it as Punk thinking he's as big a star as Cena.
This is not a guaranteed account of events, but it's certainly interesting to hear.
Apparently, this has caused some heat on Punk, mainly because he is still relatively young and inexperienced compared to guys like the Undertaker, who are viewed as leaders in the lockerroom.
Lets just hope this doesn't mean another boring Undertaker feud with Batista or Big Show!















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