Forum Post: Stop “C” level executives from looting public companies.

Stock options and Golden Parachutes are insidious methods to siphon shareholder equity and encourage outsize risk by executives with no downside personal financial stake. If a “C” level executive is “all that”, then he should be confident enough to buy the stock of his firm and he and his family should be willing to refrain from selling any stock in the company long or short for the duration of his employment or board membership. The sale of company stock by insiders is a direct conflict with their fiduciary obligations to the other shareholders. Paying proprietary scale rewards to people who have no proportionate proprietary risk position is bad business, and this abuse cries out for legislative action since the cronyism of corporate boards seems to be incapable of reasonable self-governance.