What really needs doing is a rewrite of how corporate officer compensation boards work. More input from shareholders, and more focus on bonuses for long-term success. For all companies, not just the ones taking a bailout. Then, with the federal government as a large shareholder of the failing companies, these limitations can be applied as part of the new process. This would also give large retirement plans and mutual funds a better say in how their investments are to be squandered.

Shareholders really need to be more involved in the process, and people should not invest in companies that allow the board to raid the profits.