As the financial markets blew up, and the wealth divide of the US opened up further, cries to change the way companies are run have grown louder and more capricious. Corporate governance has become the fig leaf a board can hide behind. Proxy advisory firms gain more Mob-like power , boards become driven by fear (consider the recent fear-based actions of the HP board) and fewer high quality execs want to serve on public boards (one of the reasons boards get so clubby - hang out with people you know [...]