I am a tad more cynical than you. I believe much of this is driven by personal avarice on the part of board members. There are many ways that one hand can wash the other. Direct dealmaking of the “you vote for mine and I’ll vote for yours” type of thing need not be a part of it. Many things are accomplished through unspoken understandings, of the “we all know that this is how things get done” type. It used to be called a New York deal; something for you, something for me and who cares about the guy that’s not here? (in this case the shareholder)

I wish I had confidence that the types of measures you mentioned would affect things. But it’s hard to talk people out of lining their pockets.