One of the things that makes me a moderate conservative rather than an extreme-right conservative is that I have never forgotten something my business-law college professor told us – that when government passes a new law or regulation that places limits on what businessmen or markets can do, it’s always because some people acted to excess and spoiled everything. Although the situation has changed slightly for the better, this kind of condition clearly exists in the area of top-executive pay (that of CEOs), and in the aftermath of Enron, WorldCom, Tyco and Global Crossing, cries out for some action.