These aren’t rules buddy.
If I own a company and I want to install all of children with inflated salaries and destroy the company. That’s my right.
In the same way I can drive my car off a cliff (and not claim insurance money) if I desire to.
Yes, managers have a fiduciary responsibility to shareholders in the publically traded domain. But that usually means that major acquisitions/mergers/sales of businesses are left to shareholder vote. Board members establish a CEO, the CEO then determines how the company is run, meaning who is hired, fired, trained, moved, what prices are, what products are sold, etc.
If a company has an issue with the direction of the company the responsibility is of the board to replace the CEO. If shareholders have an issue with both board and CEO their responsibility is to call a proxy and replace the board.
As I’ve stated many times above, a blatant incursion of the state into private business for no reason. The mechanisms of change already exist. If you want Disney to change so badly; I’d encourage you to find a few hundred billion dollars and take a majority stake in the company.
Otherwise you’re just griping. And if you don’t like Disney’s direction, then sell the stock and let the free-market naturally punish it’s poor decisions thru loss of customers and loss of shareholders.
Again; your policy proposal is erroneous.