This could cause a meltdown that will make previous reddit meltdowns look tame.

Facebook higher-ups have been fired for creeping on ex-girlfriends. This is arguably worse--editing user's posts has huge legal repercussions. I would be pissed if I was a board member of reddit right now. A CEO is empowered and paid for exercising good judgment and leading people, not "trolling the trolls a bit" by violating the site's fundamental rules and creating a storm of bad press in doing so.