Well, that was what Employee Stock Ownership Plans were all about. They have never really gotten off the ground. I would contend that one reason they did not is that management did not want to have owners who knew what liars and cheats they really are/were.
I don’t know how much your kidding w/ your original post, but I think a lot of corporate execs have a very short-sighted business model for their companies: cut spending, pump the stock price over the short term, earn huge bonus/option payout, move on to next gig, repeat.
Boards appear to be not all that independent with too many executive serving on each other’s boards. I would support a law prohibiting people from serving both as a corporate officer AND a director of a publically traded corporation.
Also, if you compare corporate executive comp to average employee comp from the seventies to now, the differences are huge.