But he is the major shareholder, he dosn't have to care what others want. He got the money, now bye bye.
And this is the problem with the cargo cult mentality which permeates the Bitcoin eco-system. There are no constraints on operators voting on issues where they have a clear conflict of interest so they repeatedly take actions which disadvantage other share-holders and justify it on the basis of owning the majority of shares.
Definitely, but I think conflict of interest is only part of the problem. Many companies and contracts are vague and open to interpretation. The problem is that there is no way of arbitrage when a dispute arises. Without repercussions it's about who can generate the biggest smokescreen and about who knows who. The investors generally loose, because the operators hold the levers and have their money.