I don't really know how I feel about this. In the perspective of a average member of the steemit community, it doesn't seem like good thing for a small group to have so much power, but in a business perspective it is absolutely genius.
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We take the trust of our users very seriously. If we were to abuse that trust by acting outside the Terms of Service by which we are bound, we would lose our users and not be able to remain in business long. The open nature of Steemit and the fact that all of our business accounts & activities can be easily monitored is another check that keeps us honest. We are strongly incentivized to align our interests with those of the community as a whole.