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Why do we need laws for problems the market will solve?

Where's your evidence that the market has been even attempting to solve the problem of people (such as Musk) holding multiple C-suite positions simultaneously? I've seen no such evidence. If anything it seems to be supporting it, given that Tesla shareholders seem primed to vote on giving Musk 50 billion USD.

If they do a bad job, the stock price drops and they get replaced.

You also are not laying out exhaustive and conclusive evidence that laws are needed for this.

I think your Elon example isn’t good and has more to do with politics than business/economics.

You're the one who claimed the market will solve this problem, the onus is on you to provide evidence for your position. Additionally there are plenty of cases out there of objectively terrible CEOs (Elizabeth Holmes comes to mind) that don't get booted out - it usually takes regulators or even the justice department to deal with it in those cases. Which is exactly what's being proposed.

Did regulators have to wait for a researcher and journalists to get the ball rolling on Theranos?

Sorry if your comment wasn’t the parent that I replied to saying we need more laws without any evidence to support that conclusion.

And now you bring up Holmes.

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