My opinion is that Ed is a managerially incompetent manager who is generally honest. I have heard that Dr.Shannon insisted he stay. If Ed had more integrity he would have found a way to meet both Dr. Shannon's request and also brought in the necessary talent. Perhaps Ed is blind to his lack of ability.
This technology might as well be in the hands of a 12 year old, as Ed hasn't/can't do anything with it, just look at the share price....the share price speaks volumes about his ability.