Putting Fat Cats on a Capital Starvation Diet

Editor's Note: This column is a special bonus for TheStreet.com readers. This piece originally appeared on RealMoney on May 27, and we're giving it to you in its entirety. To sign up for RealMoney, where you can read Arne Alsin's commentary regularly, please click here for a free trial. Also, if you're interested in chatting live at 1 p.m. today with Arne, please click here to sign up.

Starve them of capital. That's the simplest solution to what I've called "Corporate America's Dirty Little Secret" -- namely, the enormous transfer of wealth from shareholders to corporate employees in the form of stock options.

Starving them of capital means avoiding owning their stock. More than anything else, the issues of capital and stock value resonate in corporate boardrooms. If and when the big guns such as Fidelity, Vanguard and other large institutional shareholders draw a line in the sand and say "enough," the grab for shareholder property will be over. ...