The new statement of principles was unveiled in May, to mixed reviews from investor groups and corporate watchdogs.
But corporate watchdogs say there is another lesson here: beware the ties that blind.
The financial expert's wife, the corporate watchdog, continued.
The corporate watchdog could barely contain herself.
The corporate watchdog folded her hands and hunched forward.
The corporate watchdog added: "E-Tech has been losing ground for so long now that I think we've all forgotten what it's like to come out on top.
And where were the corporate watchdogs?
After a year of arguments, a new corporate watchdog, the Australian Securities Commission, came into being.
Not surprisingly, Mr. Langone has become a lightning rod for criticism from corporate watchdogs - which does not appear to bother him in the least.
Even as the chiefs were taking small pay cuts, most other executives, whose compensation typically receives less scrutiny from investors and corporate watchdogs, received raises.