So you don't think huge CEO and executive pay, golden parachutes, corporate largesse to their board and general raiding of pension funds is bad? The reason that a lot of corporations go bankrupt is poor management, just like a lot of individuals. The only difference is that businesses have no conscience and will take the easy way out rather than wrestle with the problem.
Sure, businesses can do utterly stupid things. But I've seen far less of the stupid frivolous type waste of money with businesses as compared to individuals. Yes, the amounts can be larger, even huge for businesses, but as a % of net income they are quite small. It's the complete opposite in many cases involving individuals.
CEO and exec pay is mostly from stock options. Stock options are not a cost for the business, and even if you wanted to argue they were they certainly are not a cash type expense. Print all the stock options you want, if won't hurt your bank account or drive it into a financial hardship.
I do have a problem with some of the more ecessive Golden Parachutes I've seen.
I've never seen any real examples of "corporate largesse to their board".
Nor have I seen any "general raiding of pension funds". For one thing, that's illegal and can get you actual prison time. For another, pension funds, except for union execs, have disappeared. The type of pension funds you would be referring to are Defined Benefit Plans, these were dropped in favor of Defined Contribution Plans such as 401(k)s long ago. It's not possible to raid a 401K.
Fern