Splitting power is not an effective way to lead an organization. You need a clear decision maker who can lead based on a unified vision. Sharing power leads to indecision and inefficiency The ED should report to the board, so there is no worry about them running amuck.
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This Soneium controversy is super useful to advance Eth's L2 model. It shows that a large company did their diligence and opted into the L2 model, knowing that - They want to be part of the ethereum economy and secured by eth. - They know "control is liability" (a famous vitalik
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Vitalik had the foresight to realize one day, most financial institutions, corporations and people would utilize Ethereum. To a further extent, alien races and far away worlds may also want to utilize Ethereum.
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