OK. Sounds like you have previous experience with the formation of other groups, so I respect your experience and opinion.
That being said, the formation of this group still doesn't bother me, and it is not a big deal to me who is in charge or how they got there. Just like you have seen, maybe they will do a good job, maybe not. Time and actions will tell.
As for the "King" I could care less what group of letters someone might be the head of. If you want to impress me, just be a billionaire and kite with naked chicks on you back. I doubt anyone will ever top that, so competition over.
There it is. The RBCGKA is now formed and we all know who is in charge and why.