They are not overlords. They are community-voted witnesses. Anyone can displace them as long as they can garner enough stake-based votes. If you can buy enough Hive today, you can vote in your your preferred witnesses.
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Not true.
Look at the votes. It is a Cabal
You can't rule out such a thing. When you reach a certain level of wealth even in real life, you make friends and alliances with your status in mind. The only way to break the cabal is to match them in terms of stake. I think it's just a human thing. Not that I'm trying to cover for them or condone what they are doing.