Their public reports were a fair share of the money goes to its administration, were the dev funds are lower each years, were some funded orgs does not seem to exist, with the addition of actual user contribution being a drop in the ocean of money influx, is the source for the "shady" part.

Me (and many other) having long debates on their bugzilla about changes they made that ignore user settings, against all common practices, with no chance of reverting them because they knew better, until some big service (say, gmail) is impacted at which point all their arguments are forgotten and the changes are reverted, for the pissing of people part.