I am surprised you aren't up in arms either. You don't get paid, and I bet your just as good as Gavin. How they taking a risk? They all own bitcoin businesses, two of the board member's businesses complement each other. Gavin controls the protocol and how it is design.
I'm not in arms because I am not connected to the Bitcoin Foundation. If they were willing to hire me part or full time for a competitive salary I would consider it, but I like my independence, and the idea of a dev team not completely employed by one organization. I'm sure there will be lots of lucrative Bitcoin gigs beyond the foundation as this thing grows. As of now I have a completely Bitcoin-unrelated job and do open source development for fun and ideological reasons.
You really can't make another foundation and start asking for 10,000BTC when you have no power. The foundation has power, behind it.
Well the thing with power is that it's fluid. Just complaining about it won't get your far, but I'm sure there are people with "power" outside the immediate circles of the Bitcoin foundation that could just as well get some things done, if only they'd organize. It's not like the Bitcoin Foundation is a repressive regime that drones down everyone that poses a danger to their "monopoly"
But you'd have to be serious about it. And for many people that's hard for something that is still as speculative as Bitcoin. This is also one of the things that prevent existing world power structures from barging in en-masse. Fear of reputation.