This is appalling.
Alex was always putting forth new ideas for site growth, initiatives, competitions, getting people involved. He actively arbitrated disputes between mods and members to ensure that people were fairly represented, and quite often ticked off mods if he thought they were going too far in terms of being authoritarian.
Anyone who was staff during Alex's ownership will tell you that he was an extremely dedicated owner. During the latter part of it his activity did drop off, yes, but why was that? Well, having spent most of his money on the site, he was doing work and jobs in order to further finance the site and its wellbeing; during that team he delegated to a team of directors who ran the site in his stead, but also maintained very regular communication with him.
Have some respect.