I have no problem with your comment with one exception. Asking the government to get involved in this in the slightest is absolutely wrong and unconstitutional. This is a slippery slope we do not want to be on.
Populism is VERY dangerous and in the end, takes away freedom. Caution my friend.
The government is already involved, though. Corporations are creatures of state law. It’s the state laws which specify how they are to be governed. A better argument is that it should not be done at the federal level. The problem we’ve got is that certain states have developed a strategy of attracting corporations to their states by offering management an opportunity to have greater control over the governance of the corporation than the shareholders have.
That kind of competition between states is a bad thing. Capitalism is based on owner control. Management control over matters affecting management’s own interest is a big problem in this country. Take for instance Yahoo. Jerry Yang really screwed over his shareholders, and they have very little recourse. Even Icahn doesn’t have enough power to give Yang the boot.
PING!!!!!!!!