He is the largest stakeholder.

So what?

First off, I don't think you are right,

I was expecting a "where is the evidence?".

but even if you were.... So what

In the past a selected few got the majority of Steem in existence for almost free.
Now the largest stakeholder uses a chunk of his almost free shares to funnel an already limited reward pool to a select few, while using another chunk to prevent others from receiving anything.