Yeah, I vaguely remember the Steem Foundation, though I didn't participate much in the process. I thought it was a good idea, but I'm not sure what it delivered, if anything. And then some of the same people who were involved in that also involved themselves in the later attacks on the blockchain. It might be interesting to look back and try to assess what happened there.

But, if the 'steemholders'/directors of the entity were to be selected based on stake holding (ie SP) then the effect would basically be the same as opening the SPS/DAO up again to work under its existing structure.

Maybe, but I think having a single person as the point of focus would change the dynamic a little. As with any management position, a big part of their job would be negotiating with stakeholders, balancing competing interests, and achieving compromises that are more difficult without a managing interest.

There's definitely a lot to think through.