Vertigo. That’s the feeling many readers may be getting these days as they watch the federal government seize control of commanding heights of the capital market.
You’re not alone. We’re also dizzy as we watch Main Street sentiment zoom from complacency to finger pointing in mere months. The trick everyone will have to master is to keep focus on rational, long-delayed corporate governance reform, rather than squandering this rare moment on a frenzy of regulatory beheadings of those deemed responsible for the mess.
Take the executive compensation limits written into the various economic stimulus laws and initiatives. They have drawn fire ...