I do think this is a shame, because the structure had the potential to allow altruistic people to maintain some kind of governor on the commercial growth engine, but now that will be gone.
Sometimes this is the _only_ way in which you proceed. If you gain knowledge of something truly egregious and don't eject the culprit you become immediately liable for any future malfeasance. Sometimes 'wow, gtfo right now' is the only safe course of action.
If they did have such a compelling reason to stuff their own reputation, they did a horrible job communicating it.