When the mods of major subs are also mods for over a hundred other subs, you have to doubt how much actual moderating they are actually doing in their holier-than-thou positions.
I think Reddit gives them some automation tools so it's not all hands on moderation.
Now I want to see a soap opera/reality show about the lives of Reddit Oligarchs!
It's also why expressing certain views is effectively forbidden across most of the site. These moderators have far too much control over the conversation.