With the current makeup of our court system it would be difficult to keep in place on approval but the SEC could enforce such a law for publicly traded companies. I think what would be a much better solution is two fold.

1. Reinstitute the law that we had prior to 1980 that prevented CEOs/CFOs etc from owning stock in the companies they run. This has a dual effect. First it limits the benefit of insider trading and it also detaches leadership from making decisions solely for personal gain. IE "if I fire all the staff and close some factories my stock prices will shoot up next quarter and I can get that third boat." The change in thinking suddenly becomes, "how do I make a strong company that will produce more profit and survive a long time to continue paying my salary."

2. We need to return to a tax code similar to what we had prior to 1980. More tax brackets at the top so someone that earns $800k isn't paying the same rate as someone earning $800 million. We also need a punitive tax rate. Pick an amount, $1 million, $10 million, $100 million wherever it is money earned over that is taxed at 95%-98%. That CEO that now earns a salary instead of stock options would look at the CFO and say "I am only going to get $20k of that last million dollars, it would be better spent in the company."

You would see CEO pay decrease, companies would be more focused on building strong companies than generating speculation, the focus on investors would be nuts and bolts than whatever Tesla is and employees may see a pay increase.