“Well, what’s the solution? Have people not related to the situation dictate it (as you imply support for governmental interference)? That’s socialism, and paints you as one. “
The relationship between the board and the executive staff should be regulated. If I’m on the board of company A and CEO of company B and you are on the board of company B and CEO of company A... do you think we’d vote each other nice compensation packages?
If you go public with your company, you will necessarily have intrusion. Don’t like it? Stay private and do as you wish.
Do the shareholders care enough to do something about it? They DO have a vote in such matters, ya know...
The term “going public” is misleading in this context. All they’re doing is allowing anyone to buy a share of a PRIVATE company. Don’t confuse “public” with “government controlled”. If the private company decides to allow anyone to buy in, that’s still a private matter, and the owners are doing with it as they wish.