This is precisely the problem. In the contemporary game, it has become too much for one individual to handle all this in general and, in our specific case, there is a growing mountain of evidence that the individual in question is simply incapable of competently handling these responsibilities. To take each of the areas you mention in turn, Wenger has an anachronistic wage policy, our youth system is falling behind that of our competitors the scouting has been mediocre, too many of the incoming players have been flops, and we have had a terrible track record of moving on players who should probably leave the club. What more evidence do you want? Wenger-as-dictator is literally failing on every single count.
The status quo is suicide. The evidence is overwhelming that this is a terrible, terrible way to run the club. We are the last of the dinosaurs (along with United, as mentioned) and, predictably, we're dying while other clubs are thriving.