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Cool, thanks for the info. I missed all that somehow.
Ohhhh, yeah. No argument there.
But it's not as straightforward a situation as it seems. Reddit is now partially owned by others, meaning that Spez does answer to a board. So, contrary to popular belief, being a total gaping asshole is actually NOT Spez's sole skill. Turns out he's also some other people's very useful idiot.
To put it another way, an entire team of 1%ers who stand to profit off Reddit's future IPO thinks that all this is a good thing and a means to a desired end, or he'd already have been tossed out. At this point I'm just waiting to see them tip their hand as to what they think that will be, because I have no clue myself, lol.
EDITED TO ADD this link, it's an old but informative one in regard to the role of Reddit's board: https://old.reddit.com/r/TheoryOfReddit/comments/3dcmr1/the_role_of_reddits_board_of_directors/