Exorbitant Corporate Salary-Bonus Packages

EIN News says, "Gordon Brown Joins French and Germans in Call for Global Crackdown on Bank Bonuses. Gordon Brown joined his German and French counterparts today in calling for G20 leaders to impose tough global rules on bank bonuses, after holding out for days to weaken plans for caps on individual payments. (guardian.co.uk)".
In the US, we have also had similar exorbitant bonuses paid to Chief Executive Officers (CEOs) and others in Corporate Administrations of industries, banks, and other services. Fannie Mae and Freddie Mac are particularly egregious examples of this practice within semi-government operations.
Wikipedia defines Unfair Business Practices as encompassing fraud, misrepresentation, and oppressive or unconscionable acts or practices by business, often against consumers. These are prohibited by law in many countries. For instance, in the European Union, each member state must regulate unfair business practices in accordance with the Unfair Commercial Practices Directive, subject to transitional periods. Unfair business practices may arise in many areas, including matters involving the purchase of products and services by consumers
The US has had for many years a practice of Interlocking Corporate Directorships. Such Directorship operates on the basis that a CEO of Corporation A serves on the Board of Directors of Corporation B. The CEO of Corporation B simultaneously serves as a Director on the board of Corporation A. There has usually been a pre-agreement among two or more of the CEOs and Directors concerning salaries and bonuses. In effect, the CEO of Corporation A will have a very nice salary and bonus approved by the Board of Corporation B, which contains the CEO of Corporation B and likely the CEOs of other corporations. Conversely with one hand washing the other, the CEO of Corporation A will vote for a nice salary-bonus package for the CEO of Corporation B, when such is being discussed by his board.
The net result of this practice is that "Sales and Administrative Expenses" for each Corporation are significantly increased. In order to remain profitable, each Corporation must then increase its prices to the consuming public.
There are many federal, state, and local laws and regulations, which would easily control such abuse, the government has not seen fit to prosecute any of the practices or make changes in Corporation Law, which would not allow such practice to continue.
I encourage Congress to consider a simple change in antitrust laws to disallow an officer of any Corporation to be a Board member of any other corporation. This must also be followed by an enforcement policy, in which Congress will cooperate with the Justice Department.