http://www.ft.com/…

“Something is seriously wrong when the American people are left to bear the consequences of reckless corporate conduct, while the offenders themselves are packed off with another $40m or $50m for the road,” he said. “If I am elected president, I intend to see that wrongdoing of this kind is called to account by federal prosecutors. And under my reforms, all aspects of a CEO’s pay, including any severance arrangements, must be approved by shareholders.”

Doesn’t that effectively happen now? If you are a shareholder you generally have voting rights in the way things are run. Even then if you don’t like what is occuring don’t become a shareholder. Seems pretty obvious to me that just like with any business… the investors are the ones in control in the end. Whether the investor is the customer buying the final product or the shareholders funding their creation. You don’t like what is being done… take you money elsewhere.

Related posts:

1. The Free Market Fails
2. Obama implies the federal government or world government should regulate how much we eat, what we drive, how we heat our homes
3. Remember parents, the government owns your children
4. John McCain endorses the Libertarian Party?
5. FSP’s Liberty Forum Day Two

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