Government, governance and pay limits

They are a political necessity in the current environment, but government imposed pay restraints on a few executives at bailout recipients are unlikely to achieve very much. The failure of governance of large publicly held companies (including the banks) has been evident for a long time. As the owners of these companies and representatives are unwilling and/or unable to do anything about this systemic problem, there’s a strong argument for intervention and reform. But the public and political debate doesn’t come close to diagnosing, let alone suggesting remedies for, the problem. Whoever leads any attempt at reform, I pray it is not the same self-serving oligarchs who have lead us into the current big pile of doo doo. It’s time to get rid of these corporate and banking (sons of?) Blagojeviches.