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Exactly, there should be a multi-year lockout period where the CEOs cannot sell their stock. If the potential hires don't like it, well, cry me a river. Plenty of people would still take the job, especially if they are interested in building a long-term company.

Isn't that what a vesting period is supposed to enforce?

yeah it needs to be stretched more.

people talk about ESG... imagine what the world would look like if energy company executives were compensated based on the health of the company (and by proxy the health of the economy) ten years in the future...

also maybe more tax rules along the lines of long/short cap gains that reduce the short term time value of money.

>people talk about ESG

What you described is supposed to be part of the "G" in "ESG".

If the CEO picks the board, and packs it full of his other CEO friends, who all have him sit on their boards too, and everyone rubber stamps each others compensation packages; isn't this circular blame game awfully beneficial to all of the CEOs at the expense of all the non-CEOs?

Did the board members pay the CEO with their own money? Or some bag holders?

Will the board return their board fees?