I find this move concerning, and wish that the Founder had looked for a new CEO that shared his values rather than a Private Equity and Mergers Expert.
Furthermore, the change to the GRIT motto is worrying. Trust is useless without Transparency when it comes to code and security.
Accumulation of power is a common motive regardless of political system. Money is just one way power gets expressed.
Not claiming our system is perfect by any means. But this thought, to me, always felt like kicking the can down the road.