Rather than institute something like this through the Securities and Exchange Commission or the pay czar, I'd rather see the market push this type of solution. It should be the large institutional investors, mutual funds, pension plans, and organizations such as the Council of Institutional Investors - all with skin in the game - to push such a solution forward.

Until that happens, Yahoo! - and many companies like it - will keep being Yahoo!: doling out the cash to those insiders lucky enough to be in their little club.

-- Written by Eric Jackson in Naples, Fla.
At the time of publication, Jackson's Fund was long Microsoft.

Eric Jackson is founder and president of Ironfire Capital and the general partner and investment manager of Ironfire Capital US Fund LP and Ironfire Capital International Fund, Ltd.

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