"If the stacks of money is better than editors and readers, then the foundations should go for it."
Without stacks of money, there will be no editors or readers. Without the generous donations of Jimbo and Bomis (who made their money off of - get this - advertising), there would be no Wikipedia.
I can't for the life of me understand why people "a bunch of editors and readers" would leave over something like this. I also don't think it'd be a bad thing to get rid of the people who think this way.