Actually, if Doug spins it in a right way, this could work. Right now barely any accusations are directed towards him specifically, all the hate is towards Michaud. Doug could easily start a crowdfunding campaing to "save the Nostalgia Critic IP and give it back to the people" (or some similiar bullshit), painting Mike as a villain. His most spergy fans would eat it up.
I wouldn't even be surprized if that would happen with Michaud's blessing. As you've said, he's not in a position to negiotiate, getting a reasonable amount of money to safely jump the ship and be done with all the fuss might be enough to peacefully get rid of him as a CEO.
Then again, all of that might be possible if Doug had a spine. That or Rob takes the initiative.