He needs focused booking. Left to his own devices he would probably just fuck around with Nakazawa doing random nonsense.
For all the talk of how Punk's position is untenable and how there is nuclear heat on him, it's ben nearly two weeks and the Elite have not had their suspensions revoked, unlike Nakazawa, Christopher Daniels, Pat Buck, etc. It makes me think that Punk and Steel's version has at least a modicum of truth to it. These things take time, but not THAT much time.
Whether he realises or not, I think Meltz has also been played a bit. He first denied the reports of the Bucks talking to someone in WWE, then later said that this happened, but a few months back, and it was just a conversation and not them asking to speak to management. He also did not report the "8 out of 10" dig that Omega took at the meeting, but when it got reported by others, he says Omega said that as a joke while taking a shot at Ospereay, and most of the locker room took it in that spirit, except a few who did not find it funny. The only thing funny about this so-called "joke" is that the two he would actually hire are, like, Nakazawa and Cutler. Of course it was not appreciated by his peers, and I think Dave's version is someone attempting to spin it as a minor thing. Meltzer also reported that Punk would get frustrated when the rookies would not take his advice, but there is clearly more to that as well, since a recent interview had multiple young AEW talent like Hobbs praise Punk for his attitude and for how generous he is with his time and advice. Meanwhile, I have never heard of the Elite being praised for their locker room behaviour.
I get a feeling small details like this will keep percolating for months.