[proxy_user]

I have no problem with this, but too many companies employ high-paid turkeys who run them into the ground.

I could cite Carly Fiorina, Jeff Immelt, and William Weldon.

I won’t even go into those champion phonies, Chuck Prince and Angelo Mozilo.

[expat_panama]

"...too many companies employ high-paid turkeys..."

--and so that means we're supposed to hate American capitalism?  Hardly  The fact that people are free to spend money as they see fit it a good thing, and in America it's usually spent very wisely because Americans are exceptional.

[expat_panama]

"...there are few if any examples of the free market in large corporate governance."

Hey guy, most hiring and most private buying and selling in the US is done by, though, or with big corporations --and American capitalism is overwhelmingly free and good.   OK, anyone can find things about it they don't like about it but without hard clear solutions it's all just a bunch of crybaby griping.

Complainers are going to have to come up with something better or leave 'corporate governance' to overpaid CEO's like myself and find something else to keep busy with.